Fuller & Thaler Asset Management Inc. Makes New $418,000 Investment in Clear Channel Outdoor Holdings, Inc. $CCO

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. bought a new position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 376,800 shares of the business services provider's stock, valued at approximately $418,000. Fuller & Thaler Asset Management Inc. owned 0.08% of Clear Channel Outdoor as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in shares of Clear Channel Outdoor in the first quarter worth about $39,000. Diameter Capital Partners LP lifted its stake in shares of Clear Channel Outdoor by 2,210.5% during the fourth quarter. Diameter Capital Partners LP now owns 10,104,095 shares of the business services provider's stock valued at $13,843,000 after acquiring an additional 9,666,788 shares during the period. XTX Topco Ltd raised its position in shares of Clear Channel Outdoor by 20.7% during the 1st quarter. XTX Topco Ltd now owns 100,929 shares of the business services provider's stock valued at $112,000 after acquiring an additional 17,292 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Clear Channel Outdoor by 8.5% in the 4th 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. Finally, Wells Fargo & Company MN increased its position in shares of Clear Channel Outdoor by 22.9% in the 4th quarter. Wells Fargo & Company MN now owns 246,705 shares of the business services provider's stock valued at $338,000 after buying an additional 46,050 shares in the last quarter. Institutional investors and hedge funds own 85.52% of the company's stock.

Clear Channel Outdoor Stock Down 1.2%

Shares of NYSE CCO traded down $0.02 during midday trading on Wednesday, hitting $1.25. The stock had a trading volume of 460,540 shares, compared to its average volume of 2,404,753. The business's 50 day moving average is $1.17 and its 200-day moving average is $1.15. Clear Channel Outdoor Holdings, Inc. has a 52 week low of $0.81 and a 52 week high of $1.77. The company has a market cap of $618.78 million, a P/E ratio of 31.13 and a beta of 2.65.

Clear Channel Outdoor (NYSE:CCO - Get Free Report) last announced its earnings results on Tuesday, August 5th. The business services provider reported ($0.04) EPS for the quarter, meeting analysts' consensus estimates 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.

Insider Buying and Selling at Clear Channel Outdoor

In related news, major shareholder Arturo R. Moreno bought 1,000,000 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $1.07 per share, for a total transaction of $1,070,000.00. Following the completion of the transaction, the insider owned 65,612,859 shares in the company, valued at $70,205,759.13. The trade was a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 1,517,322 shares of company stock worth $1,632,717 in the last three months. 7.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on CCO. Barrington Research restated a "market perform" rating on shares of Clear Channel Outdoor in a report on Wednesday, July 23rd. Morgan Stanley cut their price objective on shares of Clear Channel Outdoor from $2.00 to $1.50 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $2.04.

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.