JPMorgan Chase & Co. bought a new position in MediaCo Holding Inc. (NASDAQ:MDIA - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,937,881 shares of the company's stock, valued at approximately $2,461,000. JPMorgan Chase & Co. owned approximately 2.37% of MediaCo at the end of the most recent quarter.
Separately, Citadel Advisors LLC acquired a new position in shares of MediaCo in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 64.01% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of MediaCo in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, MediaCo currently has a consensus rating of "Sell".
Get Our Latest Research Report on MediaCo
MediaCo Price Performance
NASDAQ:MDIA opened at $0.73 on Tuesday. MediaCo Holding Inc. has a 12-month low of $0.54 and a 12-month high of $1.60. The firm has a market capitalization of $60.09 million, a P/E ratio of -0.86 and a beta of -0.15. The business has a 50 day simple moving average of $0.64 and a 200 day simple moving average of $0.83.
MediaCo (NASDAQ:MDIA - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.40) earnings per share (EPS) for the quarter. The company had revenue of $38.66 million during the quarter.
About MediaCo
(
Free Report)
MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.
See Also
Want to see what other hedge funds are holding MDIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MediaCo Holding Inc. (NASDAQ:MDIA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MediaCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MediaCo wasn't on the list.
While MediaCo currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply click the link below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
