Barclays PLC Has $833,000 Stock Holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Barclays PLC boosted its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 271.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 520,663 shares of the business services provider’s stock after purchasing an additional 380,408 shares during the quarter. Barclays PLC’s holdings in Clear Channel Outdoor were worth $833,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CCO. Millennium Management LLC lifted its holdings in Clear Channel Outdoor by 44.0% during the 2nd quarter. Millennium Management LLC now owns 7,332,360 shares of the business services provider’s stock worth $10,339,000 after buying an additional 2,242,205 shares in the last quarter. Whitebox Advisors LLC acquired a new position in Clear Channel Outdoor during the 2nd quarter worth $2,287,000. Cerity Partners LLC acquired a new position in Clear Channel Outdoor during the 3rd quarter worth $1,730,000. Gabelli Funds LLC lifted its holdings in Clear Channel Outdoor by 25.9% during the 2nd quarter. Gabelli Funds LLC now owns 2,865,000 shares of the business services provider’s stock worth $4,040,000 after buying an additional 590,000 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Clear Channel Outdoor in the 2nd quarter valued at $671,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

Clear Channel Outdoor Stock Up 5.6 %

CCO opened at $1.52 on Thursday. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $1.29 and a 12 month high of $2.06. The company has a fifty day simple moving average of $1.50 and a 200 day simple moving average of $1.54. The stock has a market cap of $743.40 million, a P/E ratio of -5.24 and a beta of 3.04.

Insider Activity at Clear Channel Outdoor

In other news, major shareholder Arturo R. Moreno acquired 250,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average price of $1.45 per share, for a total transaction of $362,500.00. Following the transaction, the insider now directly owns 52,182,534 shares in the company, valued at approximately $75,664,674.30. This represents a 0.48 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 7.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCO. TD Cowen cut their price target on 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. Wells Fargo & Company downgraded Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $2.75 to $1.75 in a research note on Thursday, September 19th. Finally, Barrington Research reissued an “outperform” rating and issued a $2.50 price target on shares of Clear Channel Outdoor in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $2.16.

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.