Anson Funds Management LP Has $22.97 Million Holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Anson Funds Management LP trimmed its holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,765,506 shares of the business services provider's stock after selling 623,748 shares during the period. Clear Channel Outdoor accounts for about 2.3% of Anson Funds Management LP's portfolio, making the stock its 10th biggest holding. Anson Funds Management LP owned approximately 3.43% of Clear Channel Outdoor worth $22,969,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cibc World Markets Corp acquired a new stake in shares of Clear Channel Outdoor during the 4th quarter worth about $45,000. KLP Kapitalforvaltning AS acquired a new position in shares of Clear Channel Outdoor during the 4th quarter worth $53,000. Jacksonville Wealth Management LLC bought a new position in Clear Channel Outdoor in the fourth quarter valued at about $62,000. ClearAlpha Technologies LP acquired a new stake in shares of Clear Channel Outdoor in the 4th quarter valued at approximately $135,000. Finally, Intech Investment Management LLC grew its holdings in shares of Clear Channel Outdoor by 114.4% during the 4th quarter. Intech Investment Management LLC now owns 143,413 shares of the business services provider's stock valued at $196,000 after purchasing an additional 76,536 shares during the last quarter. 85.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCO has been the topic of a number of research analyst reports. Barrington Research lowered shares of Clear Channel Outdoor from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 23rd. Morgan Stanley dropped their target price on Clear Channel Outdoor from $2.00 to $1.50 and set an "equal weight" rating for the company in a research report on Thursday, May 1st.

Insiders Place Their Bets

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno bought 2,500,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $0.94 per share, for a total transaction of $2,350,000.00. Following the transaction, the insider now directly owns 57,432,534 shares in the company, valued at approximately $53,986,581.96. This trade represents a 4.55 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders acquired 7,676,201 shares of company stock worth $7,414,275. Company insiders own 7.70% of the company's stock.

Clear Channel Outdoor Trading Up 0.5 %

NYSE:CCO traded up $0.01 during trading hours on Wednesday, hitting $1.10. 2,013,200 shares of the company were exchanged, compared to its average volume of 1,674,913. The company has a fifty day simple moving average of $1.08 and a 200 day simple moving average of $1.33. Clear Channel Outdoor Holdings, Inc. has a one year low of $0.81 and a one year high of $1.88. The stock has a market capitalization of $536.61 million, a price-to-earnings ratio of -3.78 and a beta of 2.58.

Clear Channel Outdoor (NYSE:CCO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. The firm had revenue of $334.18 million during the quarter, compared to analyst estimates of $337.70 million.

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.