Bardin Hill Management Partners LP Sells 107,383 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Bardin Hill Management Partners LP decreased its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,652,432 shares of the business services provider’s stock after selling 107,383 shares during the quarter. Clear Channel Outdoor makes up approximately 2.0% of Bardin Hill Management Partners LP’s portfolio, making the stock its 17th largest holding. Bardin Hill Management Partners LP’s holdings in Clear Channel Outdoor were worth $4,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Crewe Advisors LLC bought a new position in Clear Channel Outdoor in the 3rd quarter worth $32,000. Ground Swell Capital LLC acquired a new stake in shares of Clear Channel Outdoor in the third quarter valued at about $34,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Clear Channel Outdoor in the third quarter worth about $34,000. Stratos Wealth Advisors LLC acquired a new position in shares of Clear Channel Outdoor during the 3rd quarter worth about $40,000. Finally, Point72 DIFC Ltd bought a new stake in Clear Channel Outdoor during the 2nd quarter valued at approximately $55,000. 85.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno acquired 250,000 shares of Clear Channel Outdoor stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $1.45 per share, with a total value of $362,500.00. Following the acquisition, the insider now owns 52,182,534 shares of the company’s stock, valued at approximately $75,664,674.30. The trade was a 0.48 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.53% of the stock is owned by company insiders.

Clear Channel Outdoor Trading Down 3.2 %

Shares of CCO stock opened at $1.51 on Monday. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $1.29 and a 12 month high of $2.06. The company has a market capitalization of $738.51 million, a P/E ratio of -5.21 and a beta of 3.08. The stock has a 50 day moving average of $1.56 and a two-hundred day moving average of $1.53.

Wall Street Analyst Weigh In

CCO has been the topic of several recent analyst reports. Wells Fargo & Company downgraded Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $2.75 to $1.75 in a research report on Thursday, September 19th. TD Cowen dropped their target price on shares of Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Barrington Research reissued an “outperform” rating and issued a $2.50 price target on shares of Clear Channel Outdoor in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.16.

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.