Clear Channel Outdoor Holdings, Inc. (NYSE:CCO – Get Free Report) major shareholder Arturo R. Moreno acquired 250,000 shares of the stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $1.45 per share, with a total value of $362,500.00. Following the completion of the acquisition, the insider now owns 52,182,534 shares in the company, valued at approximately $75,664,674.30. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Clear Channel Outdoor Stock Up 12.0 %
Shares of Clear Channel Outdoor stock traded up $0.18 during trading hours on Wednesday, reaching $1.64. 6,546,472 shares of the stock traded hands, compared to its average volume of 1,979,178. The company has a 50 day moving average price of $1.56 and a 200 day moving average price of $1.52. The firm has a market capitalization of $799.43 million, a price-to-earnings ratio of -5.00 and a beta of 3.08. Clear Channel Outdoor Holdings, Inc. has a one year low of $1.10 and a one year high of $2.06.
Clear Channel Outdoor (NYSE:CCO – Get Free Report) last released its earnings results on Wednesday, August 7th. The business services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $558.54 million for the quarter, compared to the consensus estimate of $563.75 million. Sell-side analysts anticipate that Clear Channel Outdoor Holdings, Inc. will post -0.29 earnings per share for the current year.
Analyst Upgrades and Downgrades
View Our Latest Analysis on CCO
Hedge Funds Weigh In On Clear Channel Outdoor
Institutional investors have recently bought and sold shares of the stock. Ground Swell Capital LLC purchased a new position in shares of Clear Channel Outdoor during the 3rd quarter worth about $34,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Clear Channel Outdoor during the 3rd quarter worth approximately $34,000. Stratos Wealth Advisors LLC acquired a new position in Clear Channel Outdoor during the 3rd quarter valued at about $40,000. Point72 DIFC Ltd purchased a new position in shares of Clear Channel Outdoor in the 2nd quarter valued at approximately $55,000. Finally, XTX Topco Ltd lifted its stake in shares of Clear Channel Outdoor by 28.4% during the second quarter. XTX Topco Ltd now owns 81,188 shares of the business services provider’s stock worth $114,000 after buying an additional 17,957 shares during the period. 85.52% of the stock is owned by hedge funds and other institutional investors.
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.
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