Squarepoint Ops LLC Purchases 537,054 Shares of Clear Channel Outdoor Holdings, Inc. $CCO

Squarepoint Ops LLC boosted its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 4,516.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 548,946 shares of the business services provider’s stock after acquiring an additional 537,054 shares during the period. Squarepoint Ops LLC owned 0.11% of Clear Channel Outdoor worth $642,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Clear Channel Outdoor by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 211,124 shares of the business services provider’s stock worth $234,000 after purchasing an additional 8,976 shares during the period. Russell Investments Group Ltd. raised its position in Clear Channel Outdoor by 2.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 561,802 shares of the business services provider’s stock valued at $657,000 after purchasing an additional 14,855 shares during the last quarter. Inspire Investing LLC lifted its holdings in Clear Channel Outdoor by 5.1% in the 1st quarter. Inspire Investing LLC now owns 306,009 shares of the business services provider’s stock worth $340,000 after buying an additional 14,888 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Clear Channel Outdoor in the 1st quarter worth approximately $31,000. Finally, Swiss National Bank increased its stake 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 valued at $526,000 after buying an additional 41,000 shares during the period. Hedge funds and other institutional investors own 85.52% of the company’s stock.

Clear Channel Outdoor Stock Performance

Shares of CCO opened at $2.24 on Wednesday. Clear Channel Outdoor Holdings, Inc. has a fifty-two week low of $0.81 and a fifty-two week high of $2.25. The firm’s 50-day simple moving average is $1.91 and its two-hundred day simple moving average is $1.48. The stock has a market cap of $1.11 billion, a PE ratio of -223.50 and a beta of 2.27.

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 company had revenue of $405.64 million during the quarter, compared to the consensus estimate of $402.03 million.

Analyst Ratings Changes

CCO has been the subject of a number of research analyst reports. Citigroup raised their price target 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. Wells Fargo & Company raised their target price on shares of Clear Channel Outdoor from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 12th. Zacks Research cut shares of Clear Channel Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Cowen restated a “buy” rating on shares of Clear Channel Outdoor in a report on Monday, October 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Clear Channel Outdoor in a report on Monday. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.32.

Clear Channel Outdoor Company Profile

Clear Channel Outdoor Holdings, Inc (NYSE: CCO) is a global leader in out-of-home advertising, offering a wide range of static and digital displays across high-traffic environments. The company’s portfolio encompasses traditional roadside billboards, street furniture panels, transit advertising on buses and rail systems, and rapidly expanding digital networks. By combining broad geographic reach with state-of-the-art digital technology, Clear Channel Outdoor enables brands to engage consumers at key moments during their daily journeys.

Founded as a spin-off from Clear Channel Communications in 2005, Clear Channel Outdoor traces its origins to the early development of outdoor advertising in North America.