Victory Capital Management Inc. Lowers Stock Position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Victory Capital Management Inc. cut its holdings in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 741,522 shares of the business services provider’s stock after selling 17,491 shares during the period. Victory Capital Management Inc. owned 0.15% of Clear Channel Outdoor worth $1,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Clear Channel Outdoor by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider’s stock valued at $10,818,000 after buying an additional 54,566 shares during the last quarter. Whitebox Advisors LLC grew its position in Clear Channel Outdoor by 11.5% in the 3rd quarter. Whitebox Advisors LLC now owns 1,807,486 shares of the business services provider’s stock valued at $2,892,000 after buying an additional 185,700 shares during the last quarter. Jane Street Group LLC grew its position in Clear Channel Outdoor by 56.7% in the 3rd quarter. Jane Street Group LLC now owns 1,116,893 shares of the business services provider’s stock valued at $1,787,000 after buying an additional 404,082 shares during the last quarter. Cerity Partners LLC purchased a new position in Clear Channel Outdoor in the 3rd quarter valued at $1,730,000. Finally, Algert Global LLC grew its position in Clear Channel Outdoor by 77.8% in the 3rd quarter. Algert Global LLC now owns 642,620 shares of the business services provider’s stock valued at $1,028,000 after buying an additional 281,210 shares during the last quarter. 85.52% of the stock is currently owned by hedge funds and other institutional investors.

Clear Channel Outdoor Stock Performance

Clear Channel Outdoor stock opened at $1.12 on Friday. Clear Channel Outdoor Holdings, Inc. has a one year low of $1.09 and a one year high of $1.88. The business has a fifty day moving average of $1.34 and a two-hundred day moving average of $1.47. The company has a market cap of $546.41 million, a P/E ratio of -3.84 and a beta of 3.05.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and issued a $2.50 price objective on shares of Clear Channel Outdoor in a research report on Monday, February 24th.

About Clear Channel Outdoor

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.