XTX Topco Ltd Increases Stock Position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

XTX Topco Ltd grew its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 28.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,188 shares of the business services provider’s stock after purchasing an additional 17,957 shares during the period. XTX Topco Ltd’s holdings in Clear Channel Outdoor were worth $114,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new position in Clear Channel Outdoor during the 2nd quarter valued at approximately $1,114,000. Gamco Investors INC. ET AL increased its position in Clear Channel Outdoor by 21.7% in the first quarter. Gamco Investors INC. ET AL now owns 3,429,000 shares of the business services provider’s stock worth $5,658,000 after purchasing an additional 610,500 shares during the last quarter. Apollo Management Holdings L.P. purchased a new stake in Clear Channel Outdoor during the first quarter valued at $426,000. Gabelli Funds LLC lifted its position in Clear Channel Outdoor by 6.6% during the first quarter. Gabelli Funds LLC now owns 2,275,000 shares of the business services provider’s stock valued at $3,754,000 after purchasing an additional 140,000 shares during the last quarter. Finally, Genesee Capital Advisors LLC purchased a new position in shares of Clear Channel Outdoor in the 2nd quarter worth $136,000. 85.52% of the stock is owned by institutional investors.

Insider Transactions at Clear Channel Outdoor

In related news, major shareholder Pacific Investment Management sold 46,959 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1.69, for a total transaction of $79,360.71. Following the completion of the transaction, the insider now owns 104,812,998 shares in the company, valued at approximately $177,133,966.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CCO. Barrington Research restated an “outperform” rating and set a $2.50 target price on shares of Clear Channel Outdoor in a research report on Monday, August 12th. Wells Fargo & Company downgraded Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $2.75 to $1.75 in a research report on Thursday, September 19th.

Clear Channel Outdoor Stock Down 4.4 %

CCO stock opened at $1.53 on Wednesday. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $1.04 and a twelve month high of $2.06. The stock has a market capitalization of $747.72 million, a price-to-earnings ratio of -1.99 and a beta of 3.07. The firm’s fifty day simple moving average is $1.54 and its two-hundred day simple moving average is $1.52.

Clear Channel Outdoor (NYSE:CCO) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company had revenue of $558.54 million for the quarter, compared to the consensus estimate of $563.75 million. As a group, equities research analysts expect that Clear Channel Outdoor Holdings, Inc. will post -0.29 EPS for the current year.

Clear Channel Outdoor 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.