State Street Corp Sells 91,538 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

State Street Corp decreased its stake in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,275,022 shares of the business services provider’s stock after selling 91,538 shares during the quarter. State Street Corp’s holdings in Clear Channel Outdoor were worth $13,240,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CCO. XTX Topco Ltd raised its stake in shares of Clear Channel Outdoor by 28.4% in the second quarter. XTX Topco Ltd now owns 81,188 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 17,957 shares in the last quarter. Crewe Advisors LLC bought a new stake in Clear Channel Outdoor in the 3rd quarter valued at $32,000. Ground Swell Capital LLC acquired a new position in shares of Clear Channel Outdoor in the 3rd quarter valued at $34,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Clear Channel Outdoor during the 3rd quarter worth about $34,000. Finally, Stratos Wealth Advisors LLC acquired a new stake in shares of Clear Channel Outdoor during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CCO shares. Barrington Research restated an “outperform” rating and set a $2.50 price target on shares of Clear Channel Outdoor in a research note on Thursday, October 31st. Wells Fargo & Company downgraded Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $2.75 to $1.75 in a research report on Thursday, September 19th. Finally, TD Cowen lowered their price target on Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating on the stock in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Clear Channel Outdoor presently has a consensus rating of “Hold” and a consensus price target of $2.16.

Clear Channel Outdoor Trading Up 0.7 %

Clear Channel Outdoor stock opened at $1.39 on Thursday. Clear Channel Outdoor Holdings, Inc. has a 1 year low of $1.29 and a 1 year high of $2.06. The company’s 50-day moving average is $1.53 and its two-hundred day moving average is $1.53. The company has a market cap of $679.82 million, a PE ratio of -4.79 and a beta of 3.05.

Insider Activity at Clear Channel Outdoor

In related news, major shareholder Arturo R. Moreno acquired 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $1.45 per share, with a total value of $362,500.00. Following the completion of the purchase, the insider now directly owns 52,182,534 shares in the company, valued at approximately $75,664,674.30. This trade represents a 0.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.53% of the stock is currently owned by company insiders.

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.