Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Shares Acquired by Barclays PLC

Barclays PLC raised its stake in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 580,611 shares of the business services provider’s stock after buying an additional 59,948 shares during the period. Barclays PLC owned approximately 0.12% of Clear Channel Outdoor worth $795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cibc World Markets Corp acquired a new position in shares of Clear Channel Outdoor in the 4th quarter worth approximately $45,000. Geode Capital Management LLC grew its position in Clear Channel Outdoor by 0.4% in the fourth 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 during the last quarter. Inspire Investing LLC increased its holdings in shares of Clear Channel Outdoor by 13.6% in the fourth quarter. Inspire Investing LLC now owns 291,121 shares of the business services provider’s stock valued at $399,000 after buying an additional 34,759 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Clear Channel Outdoor during the 4th quarter valued at $53,000. Finally, Jacksonville Wealth Management LLC bought a new stake in shares of Clear Channel Outdoor during the 4th quarter worth $62,000. 85.52% of the stock is currently owned by institutional investors.

Insider Activity at Clear Channel Outdoor

In other news, major shareholder Arturo R. Moreno bought 2,500,000 shares of the stock in a transaction on Monday, April 7th. The shares were purchased at an average price of $0.94 per share, for a total transaction of $2,350,000.00. Following the completion of the purchase, the insider now directly owns 57,432,534 shares of the company’s stock, valued at $53,986,581.96. This trade represents a 4.55 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 7,676,201 shares of company stock valued at $7,414,275. Corporate insiders own 7.70% of the company’s stock.

Analyst Ratings Changes

CCO has been the subject of several analyst reports. Morgan Stanley reduced their target price on Clear Channel Outdoor from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Barrington Research lowered shares of Clear Channel Outdoor from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 23rd.

Clear Channel Outdoor Stock Up 0.5 %

Shares of Clear Channel Outdoor stock opened at $1.09 on Wednesday. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $0.81 and a 12 month high of $1.88. The stock has a market cap of $531.71 million, a PE ratio of -3.74 and a beta of 2.58. The business has a fifty day simple moving average of $1.08 and a 200-day simple moving average of $1.33.

Clear Channel Outdoor (NYSE:CCO) last released its earnings results on Thursday, May 1st. The business services provider reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. The business had revenue of $334.18 million for the quarter, compared to analysts’ expectations of $337.70 million.

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.