Barclays PLC Purchases 380,408 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Barclays PLC boosted its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 271.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 520,663 shares of the business services provider’s stock after acquiring an additional 380,408 shares during the period. Barclays PLC owned approximately 0.11% of Clear Channel Outdoor worth $833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in Clear Channel Outdoor by 56.7% during the third quarter. Jane Street Group LLC now owns 1,116,893 shares of the business services provider’s stock valued at $1,787,000 after acquiring an additional 404,082 shares during the period. Cerity Partners LLC bought a new position in Clear Channel Outdoor during the third quarter valued at about $1,730,000. Gabelli Funds LLC increased its stake in Clear Channel Outdoor by 25.9% during the second quarter. Gabelli Funds LLC now owns 2,865,000 shares of the business services provider’s stock valued at $4,040,000 after acquiring an additional 590,000 shares during the period. Victory Capital Management Inc. grew its stake in shares of Clear Channel Outdoor by 5.4% in the 3rd quarter. Victory Capital Management Inc. now owns 759,013 shares of the business services provider’s stock valued at $1,214,000 after purchasing an additional 38,913 shares during the period. Finally, 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. 85.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno purchased 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $1.45 per share, for a total transaction of $362,500.00. Following the transaction, the insider now directly owns 52,182,534 shares in the company, valued at approximately $75,664,674.30. The trade was a 0.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 7.20% of the stock is owned by corporate insiders.

Clear Channel Outdoor Price Performance

NYSE CCO opened at $1.52 on Thursday. The firm has a market cap of $743.40 million, a PE ratio of -5.24 and a beta of 3.04. Clear Channel Outdoor Holdings, Inc. has a one year low of $1.29 and a one year high of $2.06. The stock’s 50 day simple moving average is $1.50 and its 200 day simple moving average is $1.54.

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.