40,677 Shares in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 40,677 shares of the business services provider’s stock, valued at approximately $65,000.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new position in shares of Clear Channel Outdoor during the second quarter valued at approximately $1,114,000. Gabelli Funds LLC raised its holdings in shares of Clear Channel Outdoor by 25.9% during the second quarter. Gabelli Funds LLC now owns 2,865,000 shares of the business services provider’s stock valued at $4,040,000 after purchasing an additional 590,000 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Clear Channel Outdoor by 44.0% during the second quarter. Millennium Management LLC now owns 7,332,360 shares of the business services provider’s stock valued at $10,339,000 after purchasing an additional 2,242,205 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Clear Channel Outdoor by 5.4% during the third quarter. Victory Capital Management Inc. now owns 759,013 shares of the business services provider’s stock valued at $1,214,000 after purchasing an additional 38,913 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in shares of Clear Channel Outdoor during the third quarter valued at approximately $1,730,000. 85.52% of the stock is owned by hedge funds and other institutional investors.

Clear Channel Outdoor Trading Down 0.6 %

CCO opened at $1.56 on Wednesday. Clear Channel Outdoor Holdings, Inc. has a 1-year low of $1.29 and a 1-year high of $2.06. The company has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $1.53.

Insiders Place Their Bets

In related news, major shareholder Arturo R. Moreno bought 250,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of $1.45 per share, for a total transaction of $362,500.00. Following the completion of the transaction, the insider now owns 52,182,534 shares in the company, valued at $75,664,674.30. The trade was a 0.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 7.20% of the company’s stock.

Wall Street Analyst Weigh In

CCO has been the subject of a number of research reports. TD Cowen reduced 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 report on Friday, November 1st. Wells Fargo & Company cut shares of Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $2.75 to $1.75 in a report on Thursday, September 19th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $2.50 target price on shares of Clear Channel Outdoor in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.16.

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.