iHeartMedia, Inc. (NASDAQ:IHRT) Director Sells $96,535.20 in Stock

iHeartMedia, Inc. (NASDAQ:IHRT) Director James A. Rasulo sold 40,223 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $2.40, for a total transaction of $96,535.20. Following the completion of the sale, the director now directly owns 339,322 shares in the company, valued at approximately $814,372.80. This represents a 10.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

iHeartMedia Stock Down 4.3 %

IHRT stock opened at $2.21 on Friday. iHeartMedia, Inc. has a 12 month low of $0.81 and a 12 month high of $3.12. The firm’s 50-day moving average is $1.90 and its 200 day moving average is $1.54.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IHRT. Susquehanna Fundamental Investments LLC bought a new position in shares of iHeartMedia during the 1st quarter worth $181,000. Mitsubishi UFJ Trust & Banking Corp increased its position in iHeartMedia by 169.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,790 shares of the company’s stock valued at $84,000 after purchasing an additional 25,001 shares during the period. Vanguard Group Inc. increased its position in iHeartMedia by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 6,580,896 shares of the company’s stock valued at $13,754,000 after purchasing an additional 203,917 shares during the period. SG Americas Securities LLC bought a new stake in shares of iHeartMedia in the 2nd quarter valued at about $69,000. Finally, AEGON USA Investment Management LLC lifted its position in shares of iHeartMedia by 128.3% in the 2nd quarter. AEGON USA Investment Management LLC now owns 208,713 shares of the company’s stock worth $227,000 after purchasing an additional 117,273 shares during the period. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IHRT. Bank of America raised shares of iHeartMedia from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $1.00 to $3.00 in a research report on Tuesday, November 12th. Barrington Research upgraded iHeartMedia to a “hold” rating in a report on Tuesday, November 12th.

iHeartMedia Company Profile

iHeartMedia, Inc operates as an audio media company in the United States and internationally. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship and events, and live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents syndicated radio programs and services to radio station affiliates.