Invesco Ltd. Has $1.72 Million Holdings in Clear Channel Outdoor Holdings, Inc. $CCO

Invesco Ltd. cut its holdings in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 16.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,547,402 shares of the business services provider’s stock after selling 299,086 shares during the quarter. Invesco Ltd. owned 0.32% of Clear Channel Outdoor worth $1,718,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Graham Capital Management L.P. acquired a new stake in Clear Channel Outdoor during the 4th quarter worth about $36,000. Teacher Retirement System of Texas acquired a new stake in Clear Channel Outdoor during the 1st quarter worth about $39,000. Brevan Howard Capital Management LP purchased a new stake in shares of Clear Channel Outdoor during the 4th quarter worth about $92,000. Cubist Systematic Strategies LLC raised its stake in shares of Clear Channel Outdoor by 24.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 97,302 shares of the business services provider’s stock worth $133,000 after purchasing an additional 18,958 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Clear Channel Outdoor by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 99,330 shares of the business services provider’s stock worth $136,000 after purchasing an additional 32,683 shares in the last quarter. 85.52% of the stock is currently owned by institutional investors and hedge funds.

Clear Channel Outdoor Stock Performance

Shares of CCO stock opened at $1.24 on Monday. The stock’s 50 day simple moving average is $1.17 and its 200 day simple moving average is $1.14. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $0.81 and a twelve month high of $1.77. The company has a market capitalization of $613.81 million, a price-to-earnings ratio of 30.88 and a beta of 2.61.

Clear Channel Outdoor (NYSE:CCO) last issued its quarterly earnings data on Tuesday, August 5th. The business services provider reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). The company had revenue of $402.81 million during the quarter, compared to the consensus estimate of $397.37 million. Clear Channel Outdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Buying and Selling at Clear Channel Outdoor

In related news, major shareholder Arturo R. Moreno acquired 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $1.07 per share, with a total value of $1,070,000.00. Following the purchase, the insider owned 65,612,859 shares of the company’s stock, valued at approximately $70,205,759.13. The trade was a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders purchased 1,517,322 shares of company stock valued at $1,632,717. 7.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed a “market perform” rating on shares of Clear Channel Outdoor in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.04.

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.