Bank of New York Mellon Corp Sells 29,796 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Bank of New York Mellon Corp decreased its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,080,186 shares of the business services provider’s stock after selling 29,796 shares during the quarter. Bank of New York Mellon Corp owned about 0.22% of Clear Channel Outdoor worth $1,480,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in shares of Clear Channel Outdoor in the 3rd quarter valued at $32,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Clear Channel Outdoor in the 3rd quarter valued at $65,000. Jacksonville Wealth Management LLC bought a new stake in shares of Clear Channel Outdoor in the 4th quarter valued at $62,000. Intech Investment Management LLC bought a new stake in shares of Clear Channel Outdoor in the 3rd quarter valued at $107,000. Finally, Empowered Funds LLC bought a new stake in shares of Clear Channel Outdoor in the 4th quarter valued at $216,000. Institutional investors own 85.52% of the company’s stock.

Clear Channel Outdoor Trading Up 4.0 %

NYSE CCO opened at $1.17 on Friday. The company has a fifty day simple moving average of $1.33 and a 200 day simple moving average of $1.46. Clear Channel Outdoor Holdings, Inc. has a 12-month low of $1.09 and a 12-month high of $1.88. The company has a market cap of $570.92 million, a P/E ratio of -4.02 and a beta of 3.05.

Analyst Upgrades and Downgrades

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

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.