Barclays PLC Has $833,000 Position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Barclays PLC boosted its stake in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) by 271.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 520,663 shares of the business services provider's stock after purchasing an additional 380,408 shares during the period. Barclays PLC owned about 0.11% of Clear Channel Outdoor worth $833,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. XTX Topco Ltd increased its position in Clear Channel Outdoor by 182.6% in the 3rd quarter. XTX Topco Ltd now owns 229,459 shares of the business services provider's stock worth $367,000 after purchasing an additional 148,271 shares during the last quarter. Jane Street Group LLC increased its holdings in Clear Channel Outdoor by 56.7% in 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 buying an additional 404,082 shares during the last quarter. Whitebox Advisors LLC raised its position in Clear Channel Outdoor by 11.5% during the third quarter. Whitebox Advisors LLC now owns 1,807,486 shares of the business services provider's stock valued at $2,892,000 after acquiring an additional 185,700 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Clear Channel Outdoor in the third quarter valued at approximately $65,000. Finally, Crewe Advisors LLC bought a new stake in Clear Channel Outdoor in the third quarter worth approximately $32,000. Institutional investors and hedge funds own 85.52% of the company's stock.

Clear Channel Outdoor Trading Down 2.3 %

CCO traded down $0.04 during trading on Thursday, hitting $1.49. The stock had a trading volume of 295,761 shares, compared to its average volume of 1,223,384. The firm has a market cap of $726.28 million, a PE ratio of -5.12 and a beta of 3.04. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $1.29 and a 12 month high of $2.06. The company has a 50 day simple moving average of $1.50 and a 200-day simple moving average of $1.54.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CCO shares. Barrington Research restated an "outperform" rating and set a $2.50 price target on shares of Clear Channel Outdoor in a report on Thursday, October 31st. Wells Fargo & Company lowered Clear Channel Outdoor from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $2.75 to $1.75 in a report on Thursday, September 19th. Finally, TD Cowen decreased their price target on Clear Channel Outdoor from $2.60 to $2.40 and set a "buy" rating for the company in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $2.16.

Insider Transactions at Clear Channel Outdoor

In related news, major shareholder Arturo R. Moreno purchased 250,000 shares of the firm's stock in a transaction on Monday, November 4th. The shares were bought at an average cost of $1.45 per share, for a total transaction of $362,500.00. Following the transaction, the insider now directly owns 52,182,534 shares of the company's stock, valued at approximately $75,664,674.30. This trade represents a 0.48 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 7.20% of the stock is currently owned by corporate insiders.

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.