SG Americas Securities LLC Increases Position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

SG Americas Securities LLC grew its holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 31.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 294,947 shares of the business services provider’s stock after buying an additional 70,196 shares during the period. SG Americas Securities LLC owned 0.06% of Clear Channel Outdoor worth $404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CCO. JPMorgan Chase & Co. increased its stake in shares of Clear Channel Outdoor by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider’s stock worth $10,818,000 after acquiring an additional 54,566 shares during the period. Barclays PLC grew its position in Clear Channel Outdoor by 271.2% during the third quarter. Barclays PLC now owns 520,663 shares of the business services provider’s stock worth $833,000 after buying an additional 380,408 shares during the period. XTX Topco Ltd grew its position in Clear Channel Outdoor by 182.6% during the third quarter. XTX Topco Ltd now owns 229,459 shares of the business services provider’s stock worth $367,000 after buying an additional 148,271 shares during the period. Jane Street Group LLC grew its position 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 worth $1,787,000 after buying an additional 404,082 shares during the period. Finally, Whitebox Advisors LLC grew its position in Clear Channel Outdoor by 11.5% during the third quarter. Whitebox Advisors LLC now owns 1,807,486 shares of the business services provider’s stock worth $2,892,000 after buying an additional 185,700 shares during the period. 85.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CCO shares. Barrington Research reissued an “outperform” rating and set a $2.50 price objective on shares of Clear Channel Outdoor in a research note on Thursday, October 31st. TD Cowen lowered 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 note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Clear Channel Outdoor has a consensus rating of “Hold” and a consensus target price of $2.16.

Clear Channel Outdoor Trading Down 3.2 %

NYSE:CCO opened at $1.36 on Monday. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $1.29 and a twelve month high of $2.06. The firm has a market capitalization of $662.70 million, a price-to-earnings ratio of -4.67 and a beta of 3.04. The firm’s fifty day simple moving average is $1.46 and its 200 day simple moving average is $1.52.

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.