Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) by 25.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 831,842 shares of the business services provider's stock after selling 285,051 shares during the period. Jane Street Group LLC owned 0.17% of Clear Channel Outdoor worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Cibc World Markets Corp acquired a new stake in shares of Clear Channel Outdoor during the fourth quarter worth about $45,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Clear Channel Outdoor during the fourth quarter worth about $53,000. Jacksonville Wealth Management LLC acquired a new stake in shares of Clear Channel Outdoor during the fourth quarter worth about $62,000. ClearAlpha Technologies LP acquired a new stake in shares of Clear Channel Outdoor during the fourth quarter worth about $135,000. Finally, Intech Investment Management LLC increased its position in shares of Clear Channel Outdoor by 114.4% during the fourth quarter. Intech Investment Management LLC now owns 143,413 shares of the business services provider's stock worth $196,000 after purchasing an additional 76,536 shares in the last quarter. 85.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clear Channel Outdoor

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno purchased 2,500,000 shares of Clear Channel Outdoor stock in a transaction on Friday, April 4th. The shares were bought at an average price of $0.97 per share, with a total value of $2,425,000.00. Following the purchase, the insider now directly owns 54,932,534 shares in the company, valued at $53,284,557.98. This trade represents a 4.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott Wells purchased 50,000 shares of Clear Channel Outdoor stock in a transaction on Tuesday, May 6th. The shares were acquired at an average cost of $1.08 per share, for a total transaction of $54,000.00. Following the purchase, the chief executive officer now owns 3,392,205 shares in the company, valued at approximately $3,663,581.40. This trade represents a 1.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 7,947,442 shares of company stock worth $7,709,003. 7.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley dropped their price target on 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. Barrington Research cut Clear Channel Outdoor from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 23rd.

Clear Channel Outdoor Price Performance

Shares of CCO stock traded down $0.01 during trading hours on Tuesday, reaching $1.08. 2,195,631 shares of the company's stock were exchanged, compared to its average volume of 1,698,929. The company has a market cap of $533.97 million, a P/E ratio of -3.71 and a beta of 2.58. The company's 50 day moving average is $1.06 and its two-hundred day moving average is $1.29. Clear Channel Outdoor Holdings, Inc. has a 1 year low of $0.81 and a 1 year high of $1.88.

Clear Channel Outdoor (NYSE:CCO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. The firm had revenue of $334.18 million during the quarter, compared to analyst estimates of $337.70 million.

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.