Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Major Shareholder Arturo R. Moreno Buys 112,722 Shares

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Get Free Report) major shareholder Arturo R. Moreno acquired 112,722 shares of the business's stock in a transaction dated Friday, April 11th. The stock was purchased at an average cost of $1.01 per share, with a total value of $113,849.22. Following the transaction, the insider now owns 59,729,814 shares of the company's stock, valued at approximately $60,327,112.14. The trade was a 0.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Clear Channel Outdoor Price Performance

NYSE:CCO traded up $0.02 during trading hours on Friday, reaching $0.96. 1,801,100 shares of the company were exchanged, compared to its average volume of 1,674,171. Clear Channel Outdoor Holdings, Inc. has a 52-week low of $0.81 and a 52-week high of $1.88. The stock has a 50 day simple moving average of $1.16 and a 200 day simple moving average of $1.38. The firm has a market cap of $468.01 million, a price-to-earnings ratio of -3.29 and a beta of 2.72.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CCO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Clear Channel Outdoor by 5.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 202,148 shares of the business services provider's stock worth $277,000 after acquiring an additional 11,015 shares during the last quarter. MetLife Investment Management LLC lifted its position in Clear Channel Outdoor by 8.5% during the fourth quarter. MetLife Investment Management LLC now owns 176,289 shares of the business services provider's stock valued at $242,000 after buying an additional 13,824 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Clear Channel Outdoor by 24.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 97,302 shares of the business services provider's stock worth $133,000 after acquiring an additional 18,958 shares in the last quarter. DigitalBridge Group Inc. lifted its holdings in shares of Clear Channel Outdoor by 2.4% during the 4th quarter. DigitalBridge Group Inc. now owns 823,833 shares of the business services provider's stock valued at $1,129,000 after acquiring an additional 19,100 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Clear Channel Outdoor by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 376,987 shares of the business services provider's stock valued at $518,000 after purchasing an additional 25,197 shares in the last quarter. 85.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an "outperform" rating and set a $2.50 target price on shares of Clear Channel Outdoor in a research report on Monday, February 24th.

Clear Channel Outdoor Company 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.