James A. Rasulo Sells 40,223 Shares of iHeartMedia, Inc. (NASDAQ:IHRT) Stock

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

iHeartMedia Price Performance

Shares of iHeartMedia stock opened at $2.21 on Friday. The stock has a 50 day moving average of $1.90 and a 200 day moving average of $1.54. iHeartMedia, Inc. has a 12 month low of $0.81 and a 12 month high of $3.12.

Institutional Trading of iHeartMedia

Several hedge funds have recently modified their holdings of the company. Aristeia Capital L.L.C. bought a new stake in iHeartMedia in the second quarter worth $2,461,000. AQR Capital Management LLC increased its holdings in shares of iHeartMedia by 132.4% in the 2nd quarter. AQR Capital Management LLC now owns 3,909,729 shares of the company’s stock worth $4,262,000 after buying an additional 2,227,676 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of iHeartMedia by 287.5% during the 2nd quarter. Acadian Asset Management LLC now owns 784,374 shares of the company’s stock valued at $854,000 after buying an additional 581,980 shares in the last quarter. Barclays PLC lifted its holdings in shares of iHeartMedia by 513.4% in the 3rd quarter. Barclays PLC now owns 362,060 shares of the company’s stock valued at $670,000 after acquiring an additional 303,034 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of iHeartMedia by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 6,580,896 shares of the company’s stock valued at $13,754,000 after acquiring an additional 203,917 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IHRT shares. Bank of America upgraded shares of iHeartMedia from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $1.00 to $3.00 in a research report on Tuesday, November 12th. Barrington Research raised shares of iHeartMedia to a “hold” rating in a research note 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.