Federated Investors Inc. PA raised its stake in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 87.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,628 shares of the business services provider’s stock after buying an additional 37,221 shares during the period. Federated Investors Inc. PA’s holdings in Clear Channel Outdoor Holdings were worth $402,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of CCO. Tower Research Capital LLC TRC increased its stake in Clear Channel Outdoor Holdings by 64.3% in the third quarter. Tower Research Capital LLC TRC now owns 18,003 shares of the business services provider’s stock valued at $105,000 after buying an additional 7,048 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Clear Channel Outdoor Holdings by 15.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 54,919 shares of the business services provider’s stock valued at $277,000 after buying an additional 7,260 shares in the last quarter. Analytic Investors LLC bought a new stake in Clear Channel Outdoor Holdings during the third quarter valued at $379,000. Mariner Investment Group LLC increased its stake in Clear Channel Outdoor Holdings by 9.3% in the third quarter. Mariner Investment Group LLC now owns 156,810 shares of the business services provider’s stock valued at $916,000 after buying an additional 13,380 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Clear Channel Outdoor Holdings by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 376,408 shares of the business services provider’s stock valued at $1,901,000 after buying an additional 24,447 shares in the last quarter. Institutional investors and hedge funds own 9.20% of the company’s stock.
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) traded down 0.85% during trading on Friday, hitting $5.85. 173,518 shares of the company traded hands. The company’s 50-day moving average is $5.93 and its 200 day moving average is $5.48. Clear Channel Outdoor Holdings, Inc. has a 52-week low of $4.45 and a 52-week high of $7.31. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 15.00 and a beta of 1.44.
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Several brokerages have commented on CCO. TheStreet upgraded shares of Clear Channel Outdoor Holdings from a “d+” rating to a “c” rating in a research note on Thursday, March 23rd. Wedbush decreased their price objective on shares of Clear Channel Outdoor Holdings from $6.00 to $5.75 and set a “neutral” rating for the company in a research note on Friday, February 24th. Finally, Zacks Investment Research upgraded shares of Clear Channel Outdoor Holdings from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.69.
About Clear Channel Outdoor Holdings
Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).
