Q4 EPS Estimates for CCO Decreased by Barrington Research

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) – Research analysts at Barrington Research lowered their Q4 2024 EPS estimates for shares of Clear Channel Outdoor in a report released on Friday, January 24th. Barrington Research analyst P. Sholl now forecasts that the business services provider will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.04. Barrington Research currently has a “Outperform” rating and a $2.50 target price on the stock. The consensus estimate for Clear Channel Outdoor’s current full-year earnings is ($0.30) per share.

Separately, TD Cowen lowered their target price on shares of Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating for the company in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Clear Channel Outdoor currently has an average rating of “Hold” and an average price target of $2.16.

Clear Channel Outdoor Stock Up 1.0 %

Shares of Clear Channel Outdoor stock opened at $1.45 on Monday. Clear Channel Outdoor has a 12 month low of $1.29 and a 12 month high of $2.06. The business has a fifty day simple moving average of $1.47 and a 200 day simple moving average of $1.53. The stock has a market cap of $706.72 million, a PE ratio of -4.98 and a beta of 3.04.

Insider Transactions at Clear Channel Outdoor

In other news, major shareholder Arturo R. Moreno bought 250,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $1.45 per share, with a total value of $362,500.00. Following the acquisition, the insider now owns 52,182,534 shares in the company, valued at $75,664,674.30. This trade represents a 0.48 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.53% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jacksonville Wealth Management LLC acquired a new stake in shares of Clear Channel Outdoor during the fourth quarter valued at about $62,000. Inspire Investing LLC increased its stake in shares of Clear Channel Outdoor by 13.6% in the fourth quarter. Inspire Investing LLC now owns 291,121 shares of the business services provider’s stock valued at $399,000 after buying an additional 34,759 shares during the period. SG Americas Securities LLC lifted its stake in shares of Clear Channel Outdoor by 31.2% in the fourth quarter. SG Americas Securities LLC now owns 294,947 shares of the business services provider’s stock worth $404,000 after acquiring an additional 70,196 shares during the period. JPMorgan Chase & Co. grew its stake in Clear Channel Outdoor by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider’s stock worth $10,818,000 after purchasing an additional 54,566 shares during the period. Finally, Barclays PLC increased its holdings in Clear Channel Outdoor by 271.2% in the third quarter. Barclays PLC now owns 520,663 shares of the business services provider’s stock worth $833,000 after purchasing an additional 380,408 shares in the last quarter. 85.52% of the stock is owned by institutional investors and hedge funds.

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.