MediaCo (NASDAQ:MDIA) Issues Quarterly Earnings Results

MediaCo (NASDAQ:MDIA) issued its quarterly earnings results on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, Zacks reports.

MediaCo Stock Down 1.9%

NASDAQ MDIA traded down $0.02 on Wednesday, reaching $0.95. The company had a trading volume of 35,175 shares, compared to its average volume of 136,006. MediaCo has a 52 week low of $0.79 and a 52 week high of $1.90. The stock’s 50 day moving average is $1.19 and its 200-day moving average is $1.19. The stock has a market cap of $50.97 million, a price-to-earnings ratio of 2.79 and a beta of -0.39.

Institutional Trading of MediaCo

An institutional investor recently bought a new position in MediaCo stock. Citadel Advisors LLC acquired a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned about 0.06% of MediaCo at the end of the most recent reporting period. 64.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of MediaCo in a research report on Friday, October 31st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About MediaCo

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.