376,800 Shares in Clear Channel Outdoor Holdings, Inc. $CCO Purchased by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. has acquired a new stake in Clear Channel Outdoor Holdings, Inc., purchasing 376,800 shares valued at approximately $418,000 during the 1st quarter.
• Insider activity included major shareholder Arturo R. Moreno buying 1,000,000 shares at $1.07 each, increasing his ownership stake significantly.
• The stock received mixed ratings, with Morgan Stanley lowering its price target from $2.00 to $1.50, while Clear Channel Outdoor currently has an average price target of $2.04.

Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 376,800 shares of the business services provider's stock, valued at approximately $418,000. Fuller & Thaler Asset Management Inc. owned about 0.08% of Clear Channel Outdoor as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCO. Graham Capital Management L.P. purchased a new position in shares of Clear Channel Outdoor in the 4th quarter worth approximately $36,000. Teacher Retirement System of Texas purchased a new position in shares of Clear Channel Outdoor in the 1st quarter worth approximately $39,000. Brevan Howard Capital Management LP purchased a new position in shares of Clear Channel Outdoor in the 4th quarter worth approximately $92,000. XTX Topco Ltd boosted its stake in shares of Clear Channel Outdoor by 20.7% in the 1st quarter. XTX Topco Ltd now owns 100,929 shares of the business services provider's stock worth $112,000 after buying an additional 17,292 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Clear Channel Outdoor by 24.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 97,302 shares of the business services provider's stock worth $133,000 after buying an additional 18,958 shares during the last quarter. Hedge funds and other institutional investors own 85.52% of the company's stock.

Clear Channel Outdoor Price Performance

NYSE CCO traded down $0.0150 during trading on Monday, hitting $1.2650. 2,557,310 shares of the company's stock traded hands, compared to its average volume of 2,420,125. The stock has a fifty day moving average of $1.16 and a two-hundred day moving average of $1.15. Clear Channel Outdoor Holdings, Inc. has a 12-month low of $0.8114 and a 12-month high of $1.77. The firm has a market cap of $628.72 million, a P/E ratio of 31.63 and a beta of 2.65.

Clear Channel Outdoor (NYSE:CCO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $402.81 million for 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.

Analysts Set New Price Targets

CCO has been the topic of a number of research analyst reports. Barrington Research restated a "market perform" rating on shares of Clear Channel Outdoor in a research note on Wednesday, July 23rd. Morgan Stanley lowered their price target on shares of Clear Channel Outdoor from $2.00 to $1.50 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Clear Channel Outdoor has an average rating of "Hold" and an average target price of $2.04.

Insider Transactions at Clear Channel Outdoor

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno purchased 1,000,000 shares of the business's stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $1.07 per share, for a total transaction of $1,070,000.00. Following the completion of the transaction, the insider directly owned 65,612,859 shares in the company, valued at approximately $70,205,759.13. This represents a 1.55% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought 1,540,656 shares of company stock worth $1,657,451 in the last ninety days. Corporate insiders own 7.20% of the company's stock.

About Clear Channel Outdoor

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.