Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Major Shareholder Arturo R. Moreno Buys 144,601 Shares

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) major shareholder Arturo R. Moreno acquired 144,601 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average price of $1.02 per share, with a total value of $147,493.02. Following the completion of the transaction, the insider now directly owns 61,643,729 shares in the company, valued at $62,876,603.58. This trade represents a 0.24 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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

NYSE:CCO opened at $1.02 on Tuesday. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $0.81 and a twelve month high of $1.88. The business has a 50 day moving average price of $1.11 and a two-hundred day moving average price of $1.35. The company has a market cap of $499.86 million, a P/E ratio of -3.52 and a beta of 2.72.

Hedge Funds Weigh In On Clear Channel Outdoor

A number of large investors have recently bought and sold shares of the company. Diameter Capital Partners LP boosted its position in Clear Channel Outdoor by 2,210.5% during the 4th quarter. Diameter Capital Partners LP now owns 10,104,095 shares of the business services provider’s stock worth $13,843,000 after acquiring an additional 9,666,788 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Clear Channel Outdoor by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 7,849,191 shares of the business services provider’s stock valued at $10,756,000 after buying an additional 34,262 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Clear Channel Outdoor by 9.0% in the fourth quarter. JPMorgan Chase & Co. now owns 7,371,308 shares of the business services provider’s stock valued at $10,099,000 after buying an additional 610,110 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Clear Channel Outdoor by 7.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 5,636,000 shares of the business services provider’s stock worth $7,721,000 after buying an additional 405,500 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Clear Channel Outdoor by 3.8% in the fourth quarter. Northern Trust Corp now owns 3,205,102 shares of the business services provider’s stock valued at $4,391,000 after acquiring an additional 117,516 shares during the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research lowered Clear Channel Outdoor from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 23rd.

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.