Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Major Shareholder Arturo R. Moreno Buys 500,000 Shares

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Get Free Report) major shareholder Arturo R. Moreno acquired 500,000 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average cost of $1.01 per share, for a total transaction of $505,000.00. Following the completion of the transaction, the insider now directly owns 60,229,814 shares in the company, valued at $60,832,112.14. The trade was a 0.84 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Clear Channel Outdoor Stock Performance

Shares of NYSE:CCO traded down $0.00 on Monday, reaching $0.95. The company's stock had a trading volume of 1,235,080 shares, compared to its average volume of 1,672,414. Clear Channel Outdoor Holdings, Inc. has a 52-week low of $0.81 and a 52-week high of $1.88. The company has a 50-day simple moving average of $1.15 and a 200 day simple moving average of $1.37. The company has a market cap of $467.47 million, a P/E ratio of -3.29 and a beta of 2.72.

Hedge Funds Weigh In On Clear Channel Outdoor

A number of large investors have recently bought and sold shares of the business. Graham Capital Management L.P. bought a new position in Clear Channel Outdoor in the fourth quarter worth approximately $36,000. Cibc World Markets Corp bought a new stake in shares of Clear Channel Outdoor in the fourth quarter valued at about $45,000. KLP Kapitalforvaltning AS purchased a new stake in Clear Channel Outdoor in the fourth quarter worth about $53,000. Jacksonville Wealth Management LLC bought a new position in Clear Channel Outdoor during the 4th quarter worth about $62,000. Finally, Brevan Howard Capital Management LP purchased a new position in Clear Channel Outdoor during the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 85.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an "outperform" rating and set a $2.50 price objective 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.