GSA Capital Partners LLP Invests $300,000 in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

GSA Capital Partners LLP bought a new position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 187,371 shares of the business services provider’s stock, valued at approximately $300,000.

Other institutional investors also recently modified their holdings of the company. CarsonAllaria Wealth Management Ltd. acquired a new stake in Clear Channel Outdoor during the 3rd quarter valued at $34,000. Ground Swell Capital LLC bought a new stake in Clear Channel Outdoor in the third quarter worth $34,000. Stratos Wealth Advisors LLC bought a new stake in Clear Channel Outdoor in the third quarter worth $40,000. Point72 DIFC Ltd bought a new stake in Clear Channel Outdoor during the second quarter valued at about $55,000. Finally, XTX Topco Ltd boosted its holdings in Clear Channel Outdoor by 28.4% during the second quarter. XTX Topco Ltd now owns 81,188 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 17,957 shares during the period. Institutional investors own 85.52% of the company’s stock.

Clear Channel Outdoor Stock Performance

CCO opened at $1.58 on Friday. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $1.26 and a twelve month high of $2.06. The firm’s fifty day moving average is $1.58 and its two-hundred day moving average is $1.53. The firm has a market cap of $772.75 million, a PE ratio of -5.45 and a beta of 3.08.

Insider Buying and Selling

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno purchased 250,000 shares of the stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of $1.45 per share, for a total transaction of $362,500.00. Following the purchase, the insider now owns 52,182,534 shares of the company’s stock, valued at approximately $75,664,674.30. This represents a 0.48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.53% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCO. Barrington Research reissued an “outperform” rating and issued a $2.50 price target on shares of Clear Channel Outdoor in a research report on Thursday, October 31st. TD Cowen decreased their price target on shares of Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Wells Fargo & Company cut shares of Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $2.75 to $1.75 in a research note on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.16.

Clear Channel Outdoor 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.