Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Major Shareholder Arturo R. Moreno Acquires 144,601 Shares

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Get Free Report) major shareholder Arturo R. Moreno purchased 144,601 shares of the company's stock in a transaction on Thursday, April 24th. The stock was purchased at an average cost of $1.02 per share, for a total transaction of $147,493.02. Following the purchase, the insider now directly owns 61,643,729 shares in the company, valued at approximately $62,876,603.58. This trade represents a 0.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Clear Channel Outdoor Stock Up 6.2 %

Shares of NYSE:CCO traded up $0.06 during midday trading on Thursday, reaching $1.05. The company had a trading volume of 1,360,042 shares, compared to its average volume of 1,672,923. Clear Channel Outdoor Holdings, Inc. has a 1-year low of $0.81 and a 1-year high of $1.88. The stock has a market cap of $512.11 million, a PE ratio of -3.60 and a beta of 2.72. The business's 50 day moving average price is $1.10 and its 200 day moving average price is $1.35.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its stake in shares of Clear Channel Outdoor by 271.2% in the third quarter. Barclays PLC now owns 520,663 shares of the business services provider's stock valued at $833,000 after buying an additional 380,408 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Clear Channel Outdoor by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider's stock valued at $10,818,000 after acquiring an additional 54,566 shares during the period. SG Americas Securities LLC increased its stake in shares of Clear Channel Outdoor by 31.2% during the 4th quarter. SG Americas Securities LLC now owns 294,947 shares of the business services provider's stock worth $404,000 after purchasing an additional 70,196 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Clear Channel Outdoor by 13.6% during the 4th quarter. Inspire Investing LLC now owns 291,121 shares of the business services provider's stock worth $399,000 after purchasing an additional 34,759 shares during the last quarter. Finally, Jacksonville Wealth Management LLC bought a new stake in shares of Clear Channel Outdoor in the 4th quarter valued at about $62,000. Institutional investors and hedge funds own 85.52% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CCO shares. Morgan Stanley decreased their price objective on Clear Channel Outdoor from $2.00 to $1.50 and set an "equal weight" rating for the company in a report on Thursday. Barrington Research cut shares of Clear Channel Outdoor from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 23rd.

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.