Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Get Free Report) major shareholder Arturo R. Moreno purchased 29,289 shares of Clear Channel Outdoor stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $0.94 per share, for a total transaction of $27,531.66. Following the completion of the transaction, the insider now owns 61,445,196 shares of the company's stock, valued at approximately $57,758,484.24. This represents a 0.05 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Clear Channel Outdoor Trading Up 2.5 %
NYSE:CCO opened at $1.00 on Thursday. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $0.81 and a twelve month high of $1.88. The company has a market cap of $491.53 million, a PE ratio of -3.46 and a beta of 2.72. The company's 50 day moving average is $1.14 and its two-hundred day moving average is $1.37.
Institutional Investors Weigh In On Clear Channel Outdoor
A number of large investors have recently made changes to their positions in CCO. Jane Street Group LLC lifted its position in Clear Channel Outdoor by 56.7% during the 3rd quarter. Jane Street Group LLC now owns 1,116,893 shares of the business services provider's stock worth $1,787,000 after acquiring an additional 404,082 shares during the period. Barclays PLC raised its stake in shares of Clear Channel Outdoor by 271.2% in the third quarter. Barclays PLC now owns 520,663 shares of the business services provider's stock worth $833,000 after purchasing an additional 380,408 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Clear Channel Outdoor by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider's stock worth $10,818,000 after purchasing an additional 54,566 shares during the period. SG Americas Securities LLC boosted its position in Clear Channel Outdoor by 31.2% in the fourth quarter. SG Americas Securities LLC now owns 294,947 shares of the business services provider's stock valued at $404,000 after buying an additional 70,196 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in Clear Channel Outdoor by 13.6% in the 4th quarter. Inspire Investing LLC now owns 291,121 shares of the business services provider's stock worth $399,000 after buying an additional 34,759 shares during the period. 85.52% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Barrington Research lowered Clear Channel Outdoor from an "outperform" rating to a "market perform" rating in a research report on Wednesday.
Read Our Latest Analysis on Clear Channel Outdoor
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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