UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.17 Million Holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 32.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 853,179 shares of the business services provider’s stock after purchasing an additional 206,696 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Clear Channel Outdoor worth $1,169,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Clear Channel Outdoor by 5.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 202,148 shares of the business services provider’s stock valued at $277,000 after purchasing an additional 11,015 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Clear Channel Outdoor by 8.5% in the 4th quarter. MetLife Investment Management LLC now owns 176,289 shares of the business services provider’s stock worth $242,000 after acquiring an additional 13,824 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Clear Channel Outdoor by 24.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 97,302 shares of the business services provider’s stock worth $133,000 after acquiring an additional 18,958 shares during the period. DigitalBridge Group Inc. lifted its position in Clear Channel Outdoor by 2.4% during the 4th quarter. DigitalBridge Group Inc. now owns 823,833 shares of the business services provider’s stock worth $1,129,000 after acquiring an additional 19,100 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Clear Channel Outdoor by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 376,987 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 25,197 shares during the period. Institutional investors and hedge funds own 85.52% of the company’s stock.

Clear Channel Outdoor Trading Up 0.4%

NYSE:CCO opened at $1.15 on Tuesday. Clear Channel Outdoor Holdings, Inc. has a 1 year low of $0.81 and a 1 year high of $1.88. The stock has a 50-day moving average price of $1.05 and a two-hundred day moving average price of $1.26. The stock has a market cap of $568.74 million, a price-to-earnings ratio of -3.95 and a beta of 2.59.

Clear Channel Outdoor (NYSE:CCO) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02. The firm had revenue of $334.18 million for the quarter, compared to analyst estimates of $337.70 million.

Insiders Place Their Bets

In related news, major shareholder Arturo R. Moreno purchased 29,289 shares of the stock in a transaction dated Monday, April 21st. The stock was bought at an average cost of $0.94 per share, for a total transaction of $27,531.66. Following the completion of the acquisition, the insider now owns 61,445,196 shares of the company’s stock, valued at approximately $57,758,484.24. This represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Wells acquired 50,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $1.08 per share, with a total value of $54,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,392,205 shares of the company’s stock, valued at $3,663,581.40. The trade was a 1.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 8,009,591 shares of company stock worth $7,774,881 in the last quarter. 7.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on CCO shares. Morgan Stanley dropped their price objective on shares of Clear Channel Outdoor from $2.00 to $1.50 and set an “equal weight” rating on the stock in a report on Thursday, May 1st. Barrington Research lowered Clear Channel Outdoor from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 23rd.

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.