Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Get Free Report) major shareholder Arturo R. Moreno acquired 112,722 shares of the company's stock in a transaction on Friday, April 11th. The stock was bought at an average price of $1.01 per share, for a total transaction of $113,849.22. Following the purchase, the insider now owns 59,729,814 shares in the company, valued at approximately $60,327,112.14. This trade represents a 0.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Clear Channel Outdoor Stock Performance
Shares of NYSE CCO opened at $0.98 on Tuesday. The business has a 50 day simple moving average of $1.19 and a 200 day simple moving average of $1.39. Clear Channel Outdoor Holdings, Inc. has a 52 week low of $0.81 and a 52 week high of $1.88. The stock has a market cap of $480.01 million, a price-to-earnings ratio of -3.38 and a beta of 2.72.
Institutional Trading of Clear Channel Outdoor
Several large investors have recently added to or reduced their stakes in CCO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Clear Channel Outdoor by 5.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 202,148 shares of the business services provider's stock valued at $277,000 after purchasing an additional 11,015 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Clear Channel Outdoor by 8.5% during the fourth quarter. MetLife Investment Management LLC now owns 176,289 shares of the business services provider's stock valued at $242,000 after buying an additional 13,824 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Clear Channel Outdoor by 24.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 97,302 shares of the business services provider's stock worth $133,000 after buying an additional 18,958 shares during the last quarter. DigitalBridge Group Inc. boosted its stake in shares of Clear Channel Outdoor by 2.4% during the 4th quarter. DigitalBridge Group Inc. now owns 823,833 shares of the business services provider's stock worth $1,129,000 after acquiring an additional 19,100 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Clear Channel Outdoor by 7.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 376,987 shares of the business services provider's stock valued at $518,000 after acquiring an additional 25,197 shares during the last quarter. 85.52% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Barrington Research restated an "outperform" rating and set a $2.50 price target on shares of Clear Channel Outdoor in a report on Monday, February 24th.
View Our Latest Analysis on CCO
Clear Channel Outdoor Company Profile
(
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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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