Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Stock Holdings Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCOFree Report) by 42.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,844,202 shares of the business services provider’s stock after selling 1,350,606 shares during the period. Assenagon Asset Management S.A. owned about 0.38% of Clear Channel Outdoor worth $3,356,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CCO. Carronade Capital Management LP acquired a new stake in shares of Clear Channel Outdoor during the third quarter worth approximately $1,580,000. CenterBook Partners LP boosted its holdings in shares of Clear Channel Outdoor by 183.3% during the third quarter. CenterBook Partners LP now owns 2,777,537 shares of the business services provider’s stock worth $4,389,000 after purchasing an additional 1,797,154 shares during the period. Shenkman Capital Management Inc. boosted its holdings in shares of Clear Channel Outdoor by 70.9% during the third quarter. Shenkman Capital Management Inc. now owns 1,704,589 shares of the business services provider’s stock worth $2,693,000 after purchasing an additional 707,389 shares during the period. State of Wyoming boosted its holdings in shares of Clear Channel Outdoor by 43.8% during the second quarter. State of Wyoming now owns 446,228 shares of the business services provider’s stock worth $611,000 after purchasing an additional 135,971 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Clear Channel Outdoor by 19.9% during the third quarter. SG Americas Securities LLC now owns 143,417 shares of the business services provider’s stock worth $227,000 after purchasing an additional 23,756 shares during the period. 85.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Clear Channel Outdoor from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $1.50 to $2.75 in a research note on Wednesday, December 20th. Morgan Stanley lifted their target price on shares of Clear Channel Outdoor from $1.50 to $2.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 28th. Barrington Research reiterated an “outperform” rating and issued a $2.50 target price on shares of Clear Channel Outdoor in a research note on Tuesday, February 27th. Finally, StockNews.com upgraded shares of Clear Channel Outdoor from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. Three 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 has a consensus rating of “Hold” and a consensus target price of $2.16.

Check Out Our Latest Stock Report on CCO

Clear Channel Outdoor Stock Down 2.8 %

NYSE:CCO opened at $1.57 on Wednesday. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $0.99 and a 12 month high of $2.06. The firm has a market cap of $757.02 million, a price-to-earnings ratio of -2.41 and a beta of 2.88. The company’s 50 day moving average is $1.72 and its 200-day moving average is $1.55.

Clear Channel Outdoor (NYSE:CCOGet Free Report) last released its quarterly earnings results on Monday, February 26th. The business services provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $632.11 million during the quarter, compared to the consensus estimate of $611.62 million. During the same period in the prior year, the business earned $0.24 EPS. Research analysts predict that Clear Channel Outdoor Holdings, Inc. will post -0.24 EPS for the current fiscal year.

Clear Channel Outdoor Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Clear Channel Outdoor (NYSE:CCO)

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