Arturo R. Moreno Acquires 500,000 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Stock

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) major shareholder Arturo R. Moreno bought 500,000 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was acquired at an average price of $1.01 per share, for a total transaction of $505,000.00. Following the transaction, the insider now owns 60,229,814 shares of the company’s stock, valued at approximately $60,832,112.14. The trade was a 0.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Clear Channel Outdoor Stock Up 1.6 %

Shares of CCO stock opened at $0.96 on Friday. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $0.81 and a twelve month high of $1.88. The stock’s fifty day simple moving average is $1.17 and its 200 day simple moving average is $1.38. The firm has a market capitalization of $468.01 million, a P/E ratio of -3.29 and a beta of 2.72.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $2.50 price target 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 made changes to their positions in the company. Graham Capital Management L.P. bought a new stake in Clear Channel Outdoor during the 4th quarter worth approximately $36,000. Cibc World Markets Corp bought a new position in Clear Channel Outdoor during the 4th quarter worth $45,000. KLP Kapitalforvaltning AS bought a new position in Clear Channel Outdoor during the 4th quarter worth $53,000. Jacksonville Wealth Management LLC acquired a new position in Clear Channel Outdoor during the 4th quarter worth about $62,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Clear Channel Outdoor in the 4th quarter valued at about $92,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

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.