Deutsche Bank AG Has $7.59 Million Stock Holdings in iHeartMedia, Inc. (NASDAQ:IHRT)

Deutsche Bank AG increased its stake in iHeartMedia, Inc. (NASDAQ:IHRT - Free Report) by 25.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,830,745 shares of the company's stock after purchasing an additional 789,170 shares during the period. Deutsche Bank AG owned 2.60% of iHeartMedia worth $7,585,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in iHeartMedia during the 4th quarter worth $33,000. Algert Global LLC acquired a new stake in iHeartMedia during the 4th quarter worth $50,000. Virtu Financial LLC grew its holdings in iHeartMedia by 93.3% during the 4th quarter. Virtu Financial LLC now owns 30,010 shares of the company's stock worth $59,000 after acquiring an additional 14,485 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in iHeartMedia during the 4th quarter worth $70,000. Finally, Oxford Asset Management LLP acquired a new stake in iHeartMedia during the 4th quarter worth $72,000. Institutional investors own 93.89% of the company's stock.

Insider Buying and Selling

In related news, insider Richard J. Bressler bought 100,000 shares of iHeartMedia stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $1.79 per share, with a total value of $179,000.00. Following the purchase, the insider now owns 3,617,764 shares in the company, valued at approximately $6,475,797.56. This trade represents a 2.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert W. Pittman acquired 200,000 shares of iHeartMedia stock in a transaction dated Thursday, May 15th. The shares were acquired at an average price of $1.22 per share, with a total value of $244,000.00. Following the completion of the purchase, the chief executive officer now owns 4,441,389 shares in the company, valued at approximately $5,418,494.58. The trade was a 4.72% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 500,000 shares of company stock valued at $743,000. Company insiders own 8.50% of the company's stock.

iHeartMedia Stock Performance

IHRT stock traded down $0.01 during mid-day trading on Friday, hitting $1.23. 492,754 shares of the company were exchanged, compared to its average volume of 885,328. The firm has a market cap of $181.03 million, a P/E ratio of -0.18 and a beta of 1.72. The firm's 50 day simple moving average is $1.26 and its 200 day simple moving average is $1.84. iHeartMedia, Inc. has a 1-year low of $0.81 and a 1-year high of $2.84.

iHeartMedia (NASDAQ:IHRT - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.63) earnings per share for the quarter, missing analysts' consensus estimates of ($0.47) by ($0.16). The company had revenue of $807.10 million for the quarter, compared to analysts' expectations of $790.17 million. On average, equities research analysts predict that iHeartMedia, Inc. will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IHRT. Guggenheim lowered their target price on shares of iHeartMedia from $5.00 to $4.50 and set a "buy" rating for the company in a report on Monday, March 10th. Wall Street Zen lowered shares of iHeartMedia from a "hold" rating to a "sell" rating in a report on Thursday. Finally, The Goldman Sachs Group boosted their price target on shares of iHeartMedia from $1.00 to $1.25 and gave the company a "neutral" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $2.92.

iHeartMedia 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.