Inspire Investing LLC Boosts Holdings in Clear Channel Outdoor Holdings, Inc. $CCO

Inspire Investing LLC lifted its stake in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,009 shares of the business services provider’s stock after purchasing an additional 14,888 shares during the period. Inspire Investing LLC owned about 0.06% of Clear Channel Outdoor worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in Clear Channel Outdoor during the 1st quarter worth approximately $39,000. Russell Investments Group Ltd. boosted its stake in shares of Clear Channel Outdoor by 28.6% in the first quarter. Russell Investments Group Ltd. now owns 546,947 shares of the business services provider’s stock worth $607,000 after acquiring an additional 121,578 shares during the last quarter. Swiss National Bank increased its position in shares of Clear Channel Outdoor by 9.5% during the first quarter. Swiss National Bank now owns 473,800 shares of the business services provider’s stock worth $526,000 after purchasing an additional 41,000 shares in the last quarter. XTX Topco Ltd raised its stake in Clear Channel Outdoor by 20.7% in the 1st quarter. XTX Topco Ltd now owns 100,929 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 17,292 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Clear Channel Outdoor in the 1st quarter valued at $418,000. 85.52% of the stock is owned by hedge funds and other institutional investors.

Clear Channel Outdoor Stock Performance

NYSE:CCO opened at $1.40 on Thursday. The stock has a market capitalization of $693.33 million, a P/E ratio of 34.88 and a beta of 2.61. Clear Channel Outdoor Holdings, Inc. has a fifty-two week low of $0.81 and a fifty-two week high of $1.77. The company has a 50 day moving average price of $1.20 and a 200 day moving average price of $1.14.

Clear Channel Outdoor (NYSE:CCO) last released its quarterly earnings results on Tuesday, August 5th. The business services provider reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $402.81 million for the quarter, compared to analysts’ expectations of $397.37 million. Clear Channel Outdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Activity at Clear Channel Outdoor

In other Clear Channel Outdoor news, major shareholder Ares Management Llc sold 13,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $1.13, for a total value of $14,690,000.00. Following the completion of the transaction, the insider owned 41,197,491 shares of the company’s stock, valued at $46,553,164.83. This trade represents a 23.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Arturo R. Moreno acquired 1,000,000 shares of Clear Channel Outdoor stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $1.07 per share, for a total transaction of $1,070,000.00. Following the completion of the purchase, the insider owned 65,612,859 shares of the company’s stock, valued at approximately $70,205,759.13. This represents a 1.55% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,478,507 shares of company stock valued at $1,591,573. Insiders own 7.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley set a $1.75 target price on shares of Clear Channel Outdoor in a research report on Wednesday, September 10th. Barrington Research reiterated a “market perform” rating on shares of Clear Channel Outdoor in a report on Wednesday, July 23rd. Finally, Citigroup boosted their target price on Clear Channel Outdoor from $1.25 to $1.35 and gave the stock a “neutral” rating in a report on Thursday, September 11th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Clear Channel Outdoor currently has a consensus rating of “Hold” and an average price target of $1.95.

About Clear Channel Outdoor

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.