SG Americas Securities LLC Has $360,000 Stake in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

SG Americas Securities LLC lowered its holdings in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 23.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,751 shares of the business services provider’s stock after selling 67,004 shares during the period. SG Americas Securities LLC’s holdings in Clear Channel Outdoor were worth $360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCO. Point72 DIFC Ltd acquired a new stake in shares of Clear Channel Outdoor during the 2nd quarter valued at about $55,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in Clear Channel Outdoor by 622.0% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 97,248 shares of the business services provider’s stock worth $137,000 after purchasing an additional 83,778 shares during the period. Algert Global LLC boosted its holdings in Clear Channel Outdoor by 63.4% during the second quarter. Algert Global LLC now owns 361,410 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 140,288 shares in the last quarter. Millennium Management LLC grew its stake in shares of Clear Channel Outdoor by 44.0% in the 2nd quarter. Millennium Management LLC now owns 7,332,360 shares of the business services provider’s stock valued at $10,339,000 after purchasing an additional 2,242,205 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Clear Channel Outdoor by 605.7% in the 2nd quarter. AQR Capital Management LLC now owns 226,372 shares of the business services provider’s stock worth $319,000 after buying an additional 194,296 shares in the last quarter. Institutional investors own 85.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CCO. Barrington Research reaffirmed an “outperform” rating and issued a $2.50 price target on shares of Clear Channel Outdoor in a research note on Monday, August 12th. Wells Fargo & Company downgraded shares of Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $2.75 to $1.75 in a research note on Thursday, September 19th.

Clear Channel Outdoor Trading Down 0.3 %

NYSE:CCO opened at $1.58 on Friday. The stock has a market capitalization of $769.71 million, a P/E ratio of -2.05 and a beta of 3.07. Clear Channel Outdoor Holdings, Inc. has a 1 year low of $1.04 and a 1 year high of $2.06. The firm has a 50 day moving average of $1.54 and a 200-day moving average of $1.52.

Clear Channel Outdoor (NYSE:CCO) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $558.54 million during the quarter, compared to analysts’ expectations of $563.75 million. As a group, analysts forecast that Clear Channel Outdoor Holdings, Inc. will post -0.29 EPS for the current fiscal year.

Insider Activity at Clear Channel Outdoor

In other Clear Channel Outdoor news, major shareholder Pacific Investment Management sold 46,959 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1.69, for a total transaction of $79,360.71. Following the sale, the insider now owns 104,812,998 shares of the company’s stock, valued at $177,133,966.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.53% of the stock is currently owned by company insiders.

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.