Allianz Asset Management GmbH Sells 90,459 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Allianz Asset Management GmbH reduced its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 0.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,722,539 shares of the business services provider’s stock after selling 90,459 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.21% of Clear Channel Outdoor worth $143,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCO. Cerity Partners LLC bought a new stake in Clear Channel Outdoor during the 3rd quarter valued at $1,730,000. Jane Street Group LLC raised its holdings in Clear Channel Outdoor by 56.7% during the 3rd quarter. Jane Street Group LLC now owns 1,116,893 shares of the business services provider’s stock valued at $1,787,000 after buying an additional 404,082 shares during the last quarter. Barclays PLC raised its holdings in Clear Channel Outdoor by 271.2% during the 3rd quarter. Barclays PLC now owns 520,663 shares of the business services provider’s stock valued at $833,000 after buying an additional 380,408 shares during the last quarter. Algert Global LLC raised its holdings in Clear Channel Outdoor by 77.8% during the 3rd quarter. Algert Global LLC now owns 642,620 shares of the business services provider’s stock valued at $1,028,000 after buying an additional 281,210 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Clear Channel Outdoor during the 3rd quarter valued at $300,000. 85.52% of the stock is currently owned by institutional investors.

Clear Channel Outdoor Trading Down 1.7 %

Shares of NYSE CCO opened at $1.41 on Friday. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $1.29 and a 12 month high of $2.06. The firm has a market capitalization of $687.16 million, a PE ratio of -4.84 and a beta of 3.03. The firm has a fifty day simple moving average of $1.41 and a two-hundred day simple moving average of $1.50.

Analyst Ratings Changes

CCO has been the subject of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $2.50 price target on shares of Clear Channel Outdoor in a report on Thursday, October 31st. TD Cowen decreased their price objective on shares of Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating for the company in a report on Friday, November 1st.

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.