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

XTX Topco Ltd reduced its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 63.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,637 shares of the business services provider’s stock after selling 145,822 shares during the period. XTX Topco Ltd’s holdings in Clear Channel Outdoor were worth $115,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Clear Channel Outdoor by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 7,849,191 shares of the business services provider’s stock worth $10,756,000 after buying an additional 34,262 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Clear Channel Outdoor by 9.0% in the fourth quarter. JPMorgan Chase & Co. now owns 7,371,308 shares of the business services provider’s stock valued at $10,099,000 after acquiring an additional 610,110 shares during the period. Shenkman Capital Management Inc. grew its stake in shares of Clear Channel Outdoor by 34.0% during the 4th quarter. Shenkman Capital Management Inc. now owns 2,954,589 shares of the business services provider’s stock worth $4,048,000 after purchasing an additional 750,000 shares during the period. Barclays PLC increased its holdings in shares of Clear Channel Outdoor by 11.5% in the 4th quarter. Barclays PLC now owns 580,611 shares of the business services provider’s stock valued at $795,000 after purchasing an additional 59,948 shares in the last quarter. Finally, Fore Capital LLC lifted its stake in shares of Clear Channel Outdoor by 3,586.5% in the fourth quarter. Fore Capital LLC now owns 368,650 shares of the business services provider’s stock valued at $505,000 after purchasing an additional 358,650 shares during the period. Institutional investors and hedge funds own 85.52% of the company’s stock.

Clear Channel Outdoor Trading Up 2.5 %

Shares of CCO opened at $1.05 on Wednesday. The company has a 50-day moving average of $1.11 and a two-hundred day moving average of $1.35. The stock has a market cap of $512.11 million, a P/E ratio of -3.60 and a beta of 2.72. Clear Channel Outdoor Holdings, Inc. has a 12-month low of $0.81 and a 12-month high of $1.88.

Wall Street Analysts Forecast Growth

Separately, Barrington Research cut shares of Clear Channel Outdoor from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 23rd.

Insider Buying and Selling

In related news, major shareholder Arturo R. Moreno purchased 2,500,000 shares of the company’s stock in a transaction on Monday, April 7th. The stock was bought at an average price of $0.94 per share, with a total value of $2,350,000.00. Following the completion of the transaction, the insider now owns 57,432,534 shares of the company’s stock, valued at approximately $53,986,581.96. This represents a 4.55 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 7,267,256 shares of company stock worth $6,980,873 in the last ninety days. Insiders own 1.53% of the company’s stock.

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.