Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Major Shareholder Buys $113,849.22 in Stock

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Get Free Report) major shareholder Arturo R. Moreno acquired 112,722 shares of the company's stock in a transaction on Friday, April 11th. The shares were purchased at an average cost of $1.01 per share, with a total value of $113,849.22. Following the completion of the acquisition, the insider now directly owns 59,729,814 shares in the company, valued at approximately $60,327,112.14. The trade was a 0.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Clear Channel Outdoor Price Performance

Shares of Clear Channel Outdoor stock traded up $0.02 during trading hours on Friday, hitting $0.96. The company's stock had a trading volume of 1,801,100 shares, compared to its average volume of 1,673,139. The company has a market capitalization of $468.01 million, a PE ratio of -3.29 and a beta of 2.72. The stock has a 50 day moving average of $1.17 and a 200 day moving average of $1.38. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $0.81 and a 12 month high of $1.88.

Analyst Upgrades and Downgrades

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

Institutional Trading of Clear Channel Outdoor

Large investors have recently bought and sold shares of the business. Diameter Capital Partners LP increased its position in shares of Clear Channel Outdoor by 2,210.5% during the fourth quarter. Diameter Capital Partners LP now owns 10,104,095 shares of the business services provider's stock worth $13,843,000 after acquiring an additional 9,666,788 shares in the last quarter. Geode Capital Management LLC boosted its stake in Clear Channel Outdoor by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 7,849,191 shares of the business services provider's stock worth $10,756,000 after purchasing an additional 34,262 shares during the period. JPMorgan Chase & Co. increased its holdings in Clear Channel Outdoor by 9.0% during the 4th quarter. JPMorgan Chase & Co. now owns 7,371,308 shares of the business services provider's stock worth $10,099,000 after purchasing an additional 610,110 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Clear Channel Outdoor by 7.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 5,636,000 shares of the business services provider's stock valued at $7,721,000 after purchasing an additional 405,500 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Clear Channel Outdoor by 3.8% in the fourth quarter. Northern Trust Corp now owns 3,205,102 shares of the business services provider's stock valued at $4,391,000 after purchasing an additional 117,516 shares in the last quarter. 85.52% of the stock is owned by institutional investors.

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.