Intech Investment Management LLC Purchases 76,536 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Intech Investment Management LLC increased its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 114.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,413 shares of the business services provider’s stock after acquiring an additional 76,536 shares during the period. Intech Investment Management LLC’s holdings in Clear Channel Outdoor were worth $196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CCO. JPMorgan Chase & Co. grew its holdings in shares of Clear Channel Outdoor by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider’s stock worth $10,818,000 after purchasing an additional 54,566 shares during the last quarter. Shenkman Capital Management Inc. grew its holdings in Clear Channel Outdoor by 34.0% during the 4th quarter. Shenkman Capital Management Inc. now owns 2,954,589 shares of the business services provider’s stock worth $4,048,000 after acquiring an additional 750,000 shares during the last quarter. Whitebox Advisors LLC increased its position in Clear Channel Outdoor by 11.5% in the 3rd quarter. Whitebox Advisors LLC now owns 1,807,486 shares of the business services provider’s stock valued at $2,892,000 after acquiring an additional 185,700 shares during the period. Jane Street Group LLC raised its stake in shares of Clear Channel Outdoor by 56.7% during the third quarter. Jane Street Group LLC now owns 1,116,893 shares of the business services provider’s stock valued at $1,787,000 after acquiring an additional 404,082 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Clear Channel Outdoor during the third quarter worth $1,730,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and issued a $2.50 price objective on shares of Clear Channel Outdoor in a report on Monday, February 24th.

Clear Channel Outdoor Stock Performance

NYSE:CCO opened at $1.14 on Thursday. Clear Channel Outdoor Holdings, Inc. has a fifty-two week low of $1.09 and a fifty-two week high of $1.88. The company has a 50 day simple moving average of $1.32 and a two-hundred day simple moving average of $1.46. The company has a market capitalization of $556.22 million, a PE ratio of -3.91 and a beta of 3.05.

Clear Channel Outdoor 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.