iHeartMedia (NASDAQ:IHRT) Stock Rating Upgraded by Barrington Research

iHeartMedia (NASDAQ:IHRT) was upgraded by equities research analysts at Barrington Research to a “hold” rating in a report released on Tuesday,Zacks.com reports. Barrington Research also issued estimates for iHeartMedia’s FY2027 earnings at $0.09 EPS.

Separately, 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 report on Tuesday.

iHeartMedia Trading Down 4.0 %

NASDAQ:IHRT opened at $2.39 on Tuesday. The company has a market cap of $350.88 million, a price-to-earnings ratio of -0.35, a price-to-earnings-growth ratio of 0.56 and a beta of 1.69. iHeartMedia has a twelve month low of $0.81 and a twelve month high of $3.12. The stock has a fifty day simple moving average of $1.83 and a 200-day simple moving average of $1.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of iHeartMedia by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 6,580,896 shares of the company’s stock worth $13,754,000 after purchasing an additional 203,917 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of iHeartMedia by 132.4% during the second quarter. AQR Capital Management LLC now owns 3,909,729 shares of the company’s stock valued at $4,262,000 after buying an additional 2,227,676 shares during the last quarter. Aristeia Capital L.L.C. bought a new stake in shares of iHeartMedia in the 2nd quarter valued at about $2,461,000. Acadian Asset Management LLC grew its position in shares of iHeartMedia by 287.5% in the 2nd quarter. Acadian Asset Management LLC now owns 784,374 shares of the company’s stock worth $854,000 after buying an additional 581,980 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of iHeartMedia by 19.2% during the 3rd quarter. GSA Capital Partners LLP now owns 485,096 shares of the company’s stock worth $897,000 after acquiring an additional 78,177 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

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.