Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Major Shareholder Purchases $113,849.22 in Stock

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) major shareholder Arturo R. Moreno acquired 112,722 shares of Clear Channel Outdoor stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average price of $1.01 per share, with a total value of $113,849.22. Following the transaction, the insider now directly owns 59,729,814 shares in the company, valued at approximately $60,327,112.14. This trade represents a 0.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Clear Channel Outdoor Price Performance

Shares of NYSE CCO traded down $0.05 during midday trading on Monday, hitting $0.98. 3,478,658 shares of the company’s stock were exchanged, compared to its average volume of 1,662,397. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $0.81 and a twelve month high of $1.88. The firm has a market cap of $480.01 million, a P/E ratio of -3.38 and a beta of 2.72. The stock’s 50 day moving average price is $1.19 and its 200-day moving average price is $1.39.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CCO. Graham Capital Management L.P. bought a new stake in shares of Clear Channel Outdoor during the fourth quarter valued at about $36,000. Cibc World Markets Corp acquired a new position in Clear Channel Outdoor during the 4th quarter valued at about $45,000. KLP Kapitalforvaltning AS bought a new stake in shares of Clear Channel Outdoor during the 4th quarter worth about $53,000. Jacksonville Wealth Management LLC bought a new stake in shares of Clear Channel Outdoor during the 4th quarter worth about $62,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Clear Channel Outdoor in the 4th quarter worth approximately $92,000. Institutional investors own 85.52% of the company’s stock.

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.