Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCOFree Report) by 3,466.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,213 shares of the business services provider’s stock after buying an additional 122,674 shares during the period. Quantbot Technologies LP’s holdings in Clear Channel Outdoor were worth $199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Clear Channel Outdoor in the first quarter worth $35,000. Optas LLC acquired a new stake in Clear Channel Outdoor during the third quarter valued at $27,000. Covestor Ltd boosted its position in Clear Channel Outdoor by 12,212.4% during the first quarter. Covestor Ltd now owns 20,931 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 20,761 shares during the last quarter. Parallax Volatility Advisers L.P. acquired a new stake in Clear Channel Outdoor during the third quarter valued at $30,000. Finally, Raymond James & Associates boosted its position in Clear Channel Outdoor by 76.9% during the fourth quarter. Raymond James & Associates now owns 29,900 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 13,000 shares during the last quarter.

Clear Channel Outdoor Price Performance

NYSE CCO opened at $1.68 on Friday. Clear Channel Outdoor Holdings, Inc. has a fifty-two week low of $0.99 and a fifty-two week high of $1.95. The stock’s 50-day moving average is $1.71 and its two-hundred day moving average is $1.50. The firm has a market cap of $811.46 million, a P/E ratio of -3.43 and a beta of 2.91.

Clear Channel Outdoor (NYSE:CCOGet Free Report) last posted its earnings results on Wednesday, November 8th. The business services provider reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The business had revenue of $526.79 million during the quarter, compared to the consensus estimate of $596.79 million. On average, equities analysts expect that Clear Channel Outdoor Holdings, Inc. will post -0.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CCO shares. StockNews.com cut Clear Channel Outdoor from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company raised Clear Channel Outdoor from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1.50 to $2.75 in a research report on Wednesday, December 20th.

Check Out Our Latest Stock Report on Clear Channel Outdoor

Clear Channel Outdoor Profile

(Free Report)

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, Europe-South, and Other segments. The company offers 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, newsracks, and other public structures; transit displays, which are advertising surfaces within the common areas of rail stations and on various types of vehicles; and airport advertising displays.

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

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