Cerity Partners LLC acquired a new position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,080,945 shares of the business services provider's stock, valued at approximately $1,730,000. Cerity Partners LLC owned approximately 0.22% of Clear Channel Outdoor at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Intech Investment Management LLC acquired a new stake in shares of Clear Channel Outdoor in the third quarter valued at about $107,000. Victory Capital Management Inc. lifted its holdings in shares of Clear Channel Outdoor by 5.4% during the third quarter. Victory Capital Management Inc. now owns 759,013 shares of the business services provider's stock worth $1,214,000 after buying an additional 38,913 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Clear Channel Outdoor in the third quarter valued at approximately $300,000. Ground Swell Capital LLC acquired a new stake in shares of Clear Channel Outdoor in the third quarter worth $34,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in Clear Channel Outdoor during the third quarter worth $34,000. 85.52% of the stock is currently owned by institutional investors.
Clear Channel Outdoor Price Performance
Shares of Clear Channel Outdoor stock traded down $0.01 during midday trading on Tuesday, hitting $1.56. 662,010 shares of the company were exchanged, compared to its average volume of 1,407,590. The firm has a 50 day simple moving average of $1.56 and a 200-day simple moving average of $1.53. Clear Channel Outdoor Holdings, Inc. has a 52 week low of $1.29 and a 52 week high of $2.06.
Insider Buying and Selling at Clear Channel Outdoor
In related news, major shareholder Arturo R. Moreno acquired 250,000 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.20% of the company's stock.
Wall Street Analysts Forecast Growth
CCO has been the topic of several research analyst reports. TD Cowen decreased their price target on shares of Clear Channel Outdoor from $2.60 to $2.40 and set a "buy" rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company cut Clear Channel Outdoor from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $2.75 to $1.75 in a report on Thursday, September 19th. Finally, Barrington Research restated an "outperform" rating and set a $2.50 price objective on shares of Clear Channel Outdoor in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $2.16.
Check Out Our Latest Research Report on CCO
Clear Channel Outdoor Profile
(
Free Report)
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.
Read More
Before you consider Clear Channel Outdoor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clear Channel Outdoor wasn't on the list.
While Clear Channel Outdoor currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.