SG Americas Securities LLC reduced its position in Audacy, Inc. (NYSEARCA:AUD – Get Rating) by 47.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,990 shares of the company's stock after selling 17,291 shares during the period. SG Americas Securities LLC's holdings in Audacy were worth $55,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Audacy by 18.3% in the first quarter. Nisa Investment Advisors LLC now owns 28,298 shares of the company's stock valued at $82,000 after buying an additional 4,377 shares during the period. Greenleaf Trust bought a new stake in Audacy during the 1st quarter valued at approximately $33,000. Triad Investment Management raised its holdings in Audacy by 9.3% in the 1st quarter. Triad Investment Management now owns 56,388 shares of the company's stock valued at $163,000 after acquiring an additional 4,781 shares in the last quarter. Invesco Ltd. raised its holdings in Audacy by 0.7% in the 4th quarter. Invesco Ltd. now owns 5,755,294 shares of the company's stock valued at $14,790,000 after acquiring an additional 40,440 shares in the last quarter. Finally, Gator Capital Management LLC acquired a new position in shares of Audacy in the 4th quarter worth approximately $164,000. 50.04% of the stock is owned by institutional investors and hedge funds.
Get Audacy alerts:Analysts Set New Price Targets
A number of equities research analysts recently weighed in on AUD shares. B. Riley cut Audacy from a "buy" rating to a "neutral" rating and set a $1.00 price target for the company. in a report on Wednesday, July 13th. Guggenheim reduced their price target on Audacy from $5.00 to $2.00 in a research report on Friday, July 15th. Finally, Wells Fargo & Company lowered Audacy from an "equal weight" rating to an "underweight" rating in a report on Friday, July 8th.
Insider Activity at Audacy
In other news, CEO David J. Field bought 100,000 shares of the firm's stock in a transaction dated Friday, May 20th. The shares were bought at an average price of $1.63 per share, with a total value of $163,000.00. Following the completion of the transaction, the chief executive officer now owns 3,258,246 shares of the company's stock, valued at $5,310,940.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.74% of the stock is owned by company insiders.Audacy Stock Performance
AUD opened at $0.69 on Monday. The business has a 50 day moving average of $0.93 and a 200-day moving average of $1.96. The company has a quick ratio of 1.66, a current ratio of 1.80 and a debt-to-equity ratio of 2.84. The stock has a market cap of $99.67 million, a price-to-earnings ratio of 23.15 and a beta of 1.43. Audacy, Inc. has a 12-month low of $0.55 and a 12-month high of $4.04.
Audacy Company Profile
(Get Rating)
Audacy, Inc, a multi-platform audio content and entertainment company, engages in the radio broadcasting business in the United States. The company owns and operates radio stations in various formats, such as news, sports, talk, classic rock, urban, adult contemporary, alternative, country, and others, as well as offers integrated marketing solutions across its broadcast, digital, podcast, and event platforms.
Read More
- Get a free copy of the StockNews.com research report on Audacy (AUD)
- Here is a Simple 4 Stock Portfolio that Can Outperform the Market
- Is AMC Entertainment Pulling a Fast One on the APEs?
- Here's How the Inflation Reduction Act Energizes Power Stock
- MarketBeat: Week in Review 8/8 – 8/12
- 2 Important Retail Stock Battles to Watch
Want to see what other hedge funds are holding AUD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Audacy, Inc. (NYSEARCA:AUD – Get Rating).
Receive News & Ratings for Audacy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Audacy and related companies with MarketBeat.com's FREE daily email newsletter.