Vanguard Group Inc. Has $48.27 Million Holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Vanguard Group Inc. cut its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,234,720 shares of the business services provider's stock after selling 370,835 shares during the quarter. Vanguard Group Inc. owned approximately 7.20% of Clear Channel Outdoor worth $48,272,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC increased its position in Clear Channel Outdoor by 56.7% during the third quarter. Jane Street Group LLC now owns 1,116,893 shares of the business services provider's stock worth $1,787,000 after acquiring an additional 404,082 shares during the period. XTX Topco Ltd increased its stake in Clear Channel Outdoor by 182.6% during the third quarter. XTX Topco Ltd now owns 229,459 shares of the business services provider's stock valued at $367,000 after acquiring an additional 148,271 shares during the period. Barclays PLC raised its holdings in Clear Channel Outdoor by 271.2% in the 3rd quarter. Barclays PLC now owns 520,663 shares of the business services provider's stock valued at $833,000 after acquiring an additional 380,408 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Clear Channel Outdoor by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider's stock worth $10,818,000 after purchasing an additional 54,566 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Clear Channel Outdoor by 31.2% in the fourth quarter. SG Americas Securities LLC now owns 294,947 shares of the business services provider's stock valued at $404,000 after purchasing an additional 70,196 shares in the last quarter. Institutional investors own 85.52% of the company's stock.

Clear Channel Outdoor Stock Down 2.4 %

NYSE:CCO traded down $0.02 during trading hours on Thursday, reaching $0.92. The company had a trading volume of 493,599 shares, compared to its average volume of 1,704,304. The firm has a market capitalization of $449.38 million, a PE ratio of -3.16 and a beta of 2.72. The stock has a 50-day moving average of $1.18 and a two-hundred day moving average of $1.39. Clear Channel Outdoor Holdings, Inc. has a one year low of $0.81 and a one year high of $1.88.

Insider Transactions at Clear Channel Outdoor

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno purchased 2,500,000 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average cost of $0.94 per share, with a total value of $2,350,000.00. Following the acquisition, the insider now directly owns 57,432,534 shares of the company's stock, valued at approximately $53,986,581.96. This trade represents a 4.55 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders bought 6,112,722 shares of company stock valued at $5,893,849. Corporate insiders own 1.53% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an "outperform" rating and issued a $2.50 price target on shares of Clear Channel Outdoor in a report on Monday, February 24th.

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.