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

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) major shareholder Arturo R. Moreno purchased 144,601 shares of Clear Channel Outdoor stock in a transaction dated Thursday, April 24th. The stock was acquired at an average cost of $1.02 per share, with a total value of $147,493.02. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Price Performance

CCO opened at $1.05 on Wednesday. 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 P/E ratio of -3.60 and a beta of 2.72. The stock’s 50 day simple moving average is $1.11 and its 200 day simple moving average is $1.35.

Institutional Trading of Clear Channel Outdoor

Several large investors have recently bought and sold shares of CCO. Graham Capital Management L.P. purchased a new stake in shares of Clear Channel Outdoor in the 4th quarter worth about $36,000. Cibc World Markets Corp purchased a new stake in shares of Clear Channel Outdoor in the fourth quarter valued at about $45,000. Teacher Retirement System of Texas purchased a new stake in shares of Clear Channel Outdoor in the first quarter valued at about $39,000. KLP Kapitalforvaltning AS purchased a new position in shares of Clear Channel Outdoor during the 4th quarter worth approximately $53,000. Finally, Jacksonville Wealth Management LLC purchased a new position in shares of Clear Channel Outdoor during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research downgraded Clear Channel Outdoor from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 23rd.

Clear Channel Outdoor Company 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.