Stratos Wealth Advisors LLC acquired a new stake in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the business services provider’s stock, valued at approximately $40,000.
Several other large investors have also bought and sold shares of CCO. CCG Wealth Management LLC acquired a new stake in shares of Clear Channel Outdoor during the first quarter worth $46,000. Point72 DIFC Ltd purchased a new position in shares of Clear Channel Outdoor in the second quarter worth approximately $55,000. Quadrature Capital Ltd acquired a new stake in shares of Clear Channel Outdoor during the fourth quarter valued at approximately $68,000. XTX Topco Ltd lifted its position in shares of Clear Channel Outdoor by 28.4% in the 2nd quarter. XTX Topco Ltd now owns 81,188 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 17,957 shares in the last quarter. Finally, Cowen AND Company LLC acquired a new position in Clear Channel Outdoor in the 2nd quarter worth approximately $120,000. Institutional investors own 85.52% of the company’s stock.
Clear Channel Outdoor Trading Up 3.9 %
Shares of NYSE:CCO opened at $1.59 on Thursday. The firm has a market cap of $777.04 million, a price-to-earnings ratio of -2.06 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 business has a fifty day simple moving average of $1.55 and a 200 day simple moving average of $1.52.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Wells Fargo & Company cut Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $2.75 to $1.75 in a research report on Thursday, September 19th. Barrington Research restated an “outperform” rating and set a $2.50 price objective on shares of Clear Channel Outdoor in a research report on Monday, August 12th.
Read Our Latest Research Report on CCO
Insiders Place Their Bets
In other news, major shareholder Pacific Investment Management sold 46,959 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1.69, for a total transaction of $79,360.71. Following the transaction, the insider now owns 104,812,998 shares in the company, valued at approximately $177,133,966.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.53% of the company’s stock.
Clear Channel Outdoor 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.
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