Arturo R. Moreno Purchases 112,722 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Stock

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) major shareholder Arturo R. Moreno acquired 112,722 shares of Clear Channel Outdoor stock in a transaction on Friday, April 11th. The shares were 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 of the company’s stock, valued at $60,327,112.14. This represents a 0.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Clear Channel Outdoor Trading Down 4.9 %

CCO stock traded down $0.05 during midday trading on Monday, hitting $0.98. 3,478,658 shares of the company’s stock were exchanged, compared to its average volume of 1,662,397. The firm has a 50 day moving average price of $1.19 and a 200-day moving average price of $1.39. Clear Channel Outdoor Holdings, Inc. has a 12-month low of $0.81 and a 12-month high of $1.88. The stock has a market capitalization of $480.01 million, a price-to-earnings ratio of -3.38 and a beta of 2.72.

Institutional Trading of Clear Channel Outdoor

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Clear Channel Outdoor by 5.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 202,148 shares of the business services provider’s stock worth $277,000 after acquiring an additional 11,015 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of 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 worth $242,000 after purchasing an additional 13,824 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in 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 purchasing an additional 18,958 shares in the last quarter. DigitalBridge Group Inc. increased its holdings in Clear Channel Outdoor by 2.4% in the fourth quarter. DigitalBridge Group Inc. now owns 823,833 shares of the business services provider’s stock valued at $1,129,000 after buying an additional 19,100 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Clear Channel Outdoor by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 376,987 shares of the business services provider’s stock valued at $518,000 after buying an additional 25,197 shares in the last quarter. Institutional investors own 85.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and set a $2.50 price target on shares of Clear Channel Outdoor in a research note on Monday, February 24th.

Clear Channel Outdoor Company Profile

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.