JPMorgan Chase & Co. Acquires New Shares in MediaCo Holding Inc. $MDIA

JPMorgan Chase & Co. acquired a new stake in shares of MediaCo Holding Inc. (NASDAQ:MDIA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,937,881 shares of the company’s stock, valued at approximately $2,461,000.

Separately, Citadel Advisors LLC acquired a new position in MediaCo during the 3rd quarter valued at approximately $41,000. 64.01% of the stock is owned by hedge funds and other institutional investors.

MediaCo Stock Performance

Shares of MDIA stock opened at $0.73 on Tuesday. MediaCo Holding Inc. has a 1 year low of $0.54 and a 1 year high of $1.60. The stock has a fifty day moving average of $0.64 and a two-hundred day moving average of $0.83. The firm has a market capitalization of $60.09 million, a PE ratio of -0.86 and a beta of -0.15.

MediaCo (NASDAQ:MDIA) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.40) earnings per share (EPS) for the quarter. The business had revenue of $38.66 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of MediaCo in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

MediaCo Profile

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.