Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Clear Channel Outdoor Holdings, Inc. has received a consensus rating of "Hold" from six research firms, with price targets ranging from $1.25 to $2.50.
• Major shareholder Ares Management sold 13 million shares of the company, while insider Arturo R. Moreno acquired 1 million shares, reflecting mixed insider sentiment.
• The company's stock is currently trading at $1.50, with a market cap of $743 million and a 52-week trading range of $0.81 to $1.69.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Get Free Report) has earned a consensus rating of "Hold" from the six research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $2.12.

A number of research analysts recently issued reports on the stock. Barrington Research reiterated a "market perform" rating on shares of Clear Channel Outdoor in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a "sell (d+)" rating on shares of Clear Channel Outdoor in a research note on Saturday, September 27th. UBS Group set a $2.50 price target on shares of Clear Channel Outdoor in a research note on Thursday, September 25th. Citigroup lifted their price target on shares of Clear Channel Outdoor from $1.25 to $1.35 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Finally, TD Cowen boosted their price objective on shares of Clear Channel Outdoor from $1.60 to $2.50 and gave the stock a "buy" rating in a research report on Thursday, September 25th.

Insider Activity at Clear Channel Outdoor

In other news, major shareholder Ares Management Llc sold 13,000,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $1.13, for a total transaction of $14,690,000.00. Following the completion of the sale, the insider owned 41,197,491 shares in the company, valued at approximately $46,553,164.83. The trade was a 23.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Arturo R. Moreno acquired 1,000,000 shares of Clear Channel Outdoor stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $1.07 per share, with a total value of $1,070,000.00. Following the transaction, the insider directly owned 65,612,859 shares in the company, valued at approximately $70,205,759.13. The trade was a 1.55% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 1,478,507 shares of company stock valued at $1,591,573 in the last 90 days. Insiders own 7.70% of the company's stock.

Institutional Trading of Clear Channel Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of CCO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Clear Channel Outdoor by 32.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 853,179 shares of the business services provider's stock valued at $1,169,000 after purchasing an additional 206,696 shares during the last quarter. Net Worth Advisory Group purchased a new stake in Clear Channel Outdoor in the 1st quarter valued at $471,000. Teacher Retirement System of Texas purchased a new stake in Clear Channel Outdoor in the 1st quarter valued at $39,000. AEGON USA Investment Management LLC raised its position in Clear Channel Outdoor by 11.4% in the 1st quarter. AEGON USA Investment Management LLC now owns 240,310 shares of the business services provider's stock valued at $267,000 after purchasing an additional 24,503 shares during the last quarter. Finally, Readystate Asset Management LP raised its position in Clear Channel Outdoor by 37.9% in the 1st quarter. Readystate Asset Management LP now owns 6,267,547 shares of the business services provider's stock valued at $6,957,000 after purchasing an additional 1,723,417 shares during the last quarter. Hedge funds and other institutional investors own 85.52% of the company's stock.

Clear Channel Outdoor Stock Down 1.0%

Clear Channel Outdoor stock traded down $0.02 during trading on Friday, reaching $1.50. The stock had a trading volume of 2,717,246 shares, compared to its average volume of 2,604,074. Clear Channel Outdoor has a 52-week low of $0.81 and a 52-week high of $1.69. The business has a 50 day moving average price of $1.27 and a 200 day moving average price of $1.16. The stock has a market cap of $743.03 million, a PE ratio of 37.38 and a beta of 2.63.

Clear Channel Outdoor (NYSE:CCO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.04). The firm had revenue of $402.81 million during the quarter, compared to analysts' expectations of $397.37 million. Clear Channel Outdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

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.

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