Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Holdings Trimmed by State Street Corp

State Street Corp cut its holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,275,022 shares of the business services provider’s stock after selling 91,538 shares during the quarter. State Street Corp owned about 1.69% of Clear Channel Outdoor worth $13,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in Clear Channel Outdoor in the 3rd quarter worth approximately $32,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Clear Channel Outdoor in the third quarter worth $34,000. Ground Swell Capital LLC purchased a new position in shares of Clear Channel Outdoor during the third quarter valued at $34,000. Stratos Wealth Advisors LLC acquired a new position in Clear Channel Outdoor during the third quarter valued at $40,000. Finally, Point72 DIFC Ltd acquired a new stake in Clear Channel Outdoor during the 2nd quarter worth about $55,000. 85.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Clear Channel Outdoor

In related news, major shareholder Arturo R. Moreno acquired 250,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $1.45 per share, with a total value of $362,500.00. Following the purchase, the insider now owns 52,182,534 shares of the company’s stock, valued at approximately $75,664,674.30. The trade was a 0.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.53% of the stock is owned by company insiders.

Clear Channel Outdoor Stock Up 0.7 %

CCO stock opened at $1.39 on Thursday. The firm has a 50 day moving average of $1.53 and a two-hundred day moving average of $1.53. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $1.29 and a 12 month high of $2.06. The company has a market capitalization of $679.82 million, a price-to-earnings ratio of -4.79 and a beta of 3.05.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company downgraded Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $2.75 to $1.75 in a report on Thursday, September 19th. TD Cowen cut their target price on shares of Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Barrington Research restated an “outperform” rating and set a $2.50 price target on shares of Clear Channel Outdoor in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $2.16.

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.