Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Get Free Report) major shareholder Arturo R. Moreno acquired 500,000 shares of the business's stock in a transaction dated Wednesday, April 9th. The stock was purchased at an average cost of $1.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the insider now directly owns 59,343,365 shares of the company's stock, valued at approximately $59,343,365. This trade represents a 0.85 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Clear Channel Outdoor Stock Performance
Shares of CCO opened at $1.02 on Friday. The business's 50-day moving average is $1.21 and its two-hundred day moving average is $1.40. The company has a market capitalization of $498.39 million, a P/E ratio of -3.51 and a beta of 2.72. Clear Channel Outdoor Holdings, Inc. has a fifty-two week low of $0.81 and a fifty-two week high of $1.88.
Analyst Ratings Changes
Separately, Barrington Research reissued an "outperform" rating and set a $2.50 price target on shares of Clear Channel Outdoor in a research report on Monday, February 24th.
View Our Latest Research Report on Clear Channel Outdoor
Institutional Trading of Clear Channel Outdoor
Hedge funds have recently modified their holdings of the stock. Graham Capital Management L.P. acquired a new position in Clear Channel Outdoor in the fourth quarter valued at approximately $36,000. Cibc World Markets Corp purchased a new position in shares of Clear Channel Outdoor during the 4th quarter valued at approximately $45,000. KLP Kapitalforvaltning AS purchased a new position in shares of Clear Channel Outdoor during the 4th quarter valued at approximately $53,000. Jacksonville Wealth Management LLC acquired a new position in shares of Clear Channel Outdoor in the 4th quarter valued at $62,000. Finally, Brevan Howard Capital Management LP purchased a new stake in Clear Channel Outdoor during the fourth quarter worth $92,000. Hedge funds and other institutional investors own 85.52% of the company's stock.
Clear Channel Outdoor Company Profile
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Get Free Report)
Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.
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