Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Major Shareholder Purchases $500,000.00 in Stock

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) major shareholder Arturo R. Moreno acquired 500,000 shares of the stock in a transaction on Wednesday, April 9th. The shares were bought at an average price of $1.00 per share, with a total value of $500,000.00. Following the purchase, the insider now directly owns 59,343,365 shares of the company’s stock, valued at $59,343,365. The trade was a 0.85 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Clear Channel Outdoor Stock Performance

Shares of NYSE:CCO traded down $0.02 during midday trading on Thursday, reaching $1.02. 2,109,684 shares of the company’s stock traded hands, compared to its average volume of 1,686,977. Clear Channel Outdoor Holdings, Inc. has a one year low of $0.81 and a one year high of $1.88. The stock has a 50 day moving average of $1.22 and a 200 day moving average of $1.41. The company has a market cap of $498.39 million, a price-to-earnings ratio of -3.51 and a beta of 2.72.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $2.50 target price on shares of Clear Channel Outdoor in a research note on Monday, February 24th.

Institutional Trading of Clear Channel Outdoor

A number of large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Clear Channel Outdoor by 5.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 202,148 shares of the business services provider’s stock worth $277,000 after purchasing an additional 11,015 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Clear Channel Outdoor by 8.5% in the 4th quarter. MetLife Investment Management LLC now owns 176,289 shares of the business services provider’s stock worth $242,000 after buying an additional 13,824 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Clear Channel Outdoor by 24.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 97,302 shares of the business services provider’s stock worth $133,000 after acquiring an additional 18,958 shares during the period. DigitalBridge Group Inc. increased its position in Clear Channel Outdoor by 2.4% during the fourth quarter. DigitalBridge Group Inc. now owns 823,833 shares of the business services provider’s stock valued at $1,129,000 after acquiring an additional 19,100 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Clear Channel Outdoor by 7.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 376,987 shares of the business services provider’s stock worth $518,000 after purchasing an additional 25,197 shares during the last quarter. 85.52% of the stock is currently owned by 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.