Mitsubishi UFJ Trust & Banking Corp Purchases 144,169 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Mitsubishi UFJ Trust & Banking Corp boosted its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCOGet Rating) by 303.5% in the second quarter, Holdings Channel.com reports. The firm owned 191,669 shares of the business services provider’s stock after buying an additional 144,169 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Clear Channel Outdoor were worth $205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its position in shares of Clear Channel Outdoor by 9.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 55,311 shares of the business services provider’s stock worth $191,000 after buying an additional 4,841 shares during the period. Mackenzie Financial Corp boosted its stake in Clear Channel Outdoor by 15.2% during the first quarter. Mackenzie Financial Corp now owns 41,024 shares of the business services provider’s stock worth $142,000 after acquiring an additional 5,400 shares in the last quarter. Avidian Wealth Solutions LLC grew its holdings in Clear Channel Outdoor by 6.9% in the first quarter. Avidian Wealth Solutions LLC now owns 93,164 shares of the business services provider’s stock worth $322,000 after purchasing an additional 6,000 shares during the period. Provident Investment Management Inc. increased its stake in shares of Clear Channel Outdoor by 32.0% during the first quarter. Provident Investment Management Inc. now owns 39,023 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 9,450 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Clear Channel Outdoor during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 96.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com assumed coverage on Clear Channel Outdoor in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Barrington Research cut their target price on Clear Channel Outdoor from $3.25 to $2.50 in a research note on Wednesday, November 16th. Cowen dropped their price target on shares of Clear Channel Outdoor to $3.50 in a research note on Monday, August 15th. Citigroup reduced their price objective on shares of Clear Channel Outdoor from $1.65 to $1.10 in a research note on Tuesday. Finally, Morgan Stanley decreased their target price on shares of Clear Channel Outdoor from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Wednesday, November 9th.

Clear Channel Outdoor Stock Performance

NYSE CCO opened at $1.09 on Thursday. Clear Channel Outdoor Holdings, Inc. has a one year low of $0.91 and a one year high of $4.10. The stock has a 50-day moving average of $1.43 and a 200 day moving average of $1.47. The company has a market capitalization of $518.90 million, a price-to-earnings ratio of -3.89 and a beta of 2.43.

Insider Activity

In related news, major shareholder Ares Management Llc bought 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The shares were bought at an average price of $1.40 per share, for a total transaction of $280,000.00. Following the completion of the acquisition, the insider now owns 48,271,580 shares of the company’s stock, valued at approximately $67,580,212. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 1,800,000 shares of company stock valued at $2,706,000 in the last 90 days. 1.90% of the stock is currently owned by insiders.

Clear Channel Outdoor Company Profile

(Get Rating)

Clear Channel Outdoor Holdings, Inc owns, operates, and sells advertising displays in the United States and internationally. It operates through two segments, Americas and Europe. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; spectaculars, which are customized display structures that incorporate videos, multidimensional lettering and figures, mechanical devices and moving parts, and other embellishments; wallscape, a display that drapes over or is suspended from the sides of buildings or other structures.

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Institutional Ownership by Quarter for Clear Channel Outdoor (NYSE:CCO)

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