Franklin Resources Inc. Has $5.19 Million Stock Position in Clear Channel Outdoor Holdings, Inc. $CCO

Franklin Resources Inc. increased its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,437,527 shares of the business services provider’s stock after buying an additional 498,318 shares during the period. Franklin Resources Inc. owned 0.89% of Clear Channel Outdoor worth $5,192,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CCO. Catalyst Funds Management Pty Ltd acquired a new stake in Clear Channel Outdoor in the second quarter valued at approximately $218,000. Y Intercept Hong Kong Ltd bought a new position in shares of Clear Channel Outdoor in the 2nd quarter worth $579,000. Anson Funds Management LP grew its position in Clear Channel Outdoor by 7.8% in the 1st quarter. Anson Funds Management LP now owns 18,076,186 shares of the business services provider’s stock valued at $20,065,000 after purchasing an additional 1,310,680 shares during the period. Russell Investments Group Ltd. increased its stake in Clear Channel Outdoor by 28.6% during the 1st quarter. Russell Investments Group Ltd. now owns 546,947 shares of the business services provider’s stock valued at $607,000 after purchasing an additional 121,578 shares in the last quarter. Finally, Swiss National Bank increased its stake in Clear Channel Outdoor by 9.5% during the 1st quarter. Swiss National Bank now owns 473,800 shares of the business services provider’s stock valued at $526,000 after purchasing an additional 41,000 shares in the last quarter. 85.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Clear Channel Outdoor

In related news, major shareholder Ares Management Llc sold 13,000,000 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 41,197,491 shares of the company’s stock, valued at approximately $46,553,164.83. The trade was a 23.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.70% of the stock is owned by insiders.

Clear Channel Outdoor Stock Up 0.8%

Shares of NYSE CCO opened at $2.01 on Tuesday. The company has a market capitalization of $997.10 million, a PE ratio of 50.14 and a beta of 2.63. The stock’s 50 day moving average price is $1.72 and its 200-day moving average price is $1.37. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $0.81 and a twelve month high of $2.04.

Clear Channel Outdoor (NYSE:CCO) last issued its quarterly earnings results on Thursday, November 6th. The business services provider reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $405.64 million for the quarter, compared to the consensus estimate of $402.03 million. Clear Channel Outdoor has set its Q4 2025 guidance at EPS.

Analyst Upgrades and Downgrades

CCO has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Clear Channel Outdoor from $1.50 to $2.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 12th. UBS Group set a $2.50 price target on shares of Clear Channel Outdoor in a research report on Thursday, September 25th. Morgan Stanley set a $2.00 price objective on Clear Channel Outdoor in a report on Monday, November 10th. Citigroup increased their price objective on Clear Channel Outdoor from $1.35 to $2.10 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, Cowen reaffirmed a “buy” rating on shares of Clear Channel Outdoor in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.32.

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.