Charles Schwab Investment Management Inc. Sells 1,693,542 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Charles Schwab Investment Management Inc. decreased its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,556,492 shares of the business services provider's stock after selling 1,693,542 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.93% of Clear Channel Outdoor worth $6,242,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CCO. Crewe Advisors LLC bought a new stake in Clear Channel Outdoor in the 3rd quarter worth about $32,000. Jacksonville Wealth Management LLC purchased a new position in shares of Clear Channel Outdoor during the fourth quarter valued at approximately $62,000. Dynamic Technology Lab Private Ltd bought a new position in Clear Channel Outdoor during the third quarter valued at approximately $65,000. Intech Investment Management LLC purchased a new stake in Clear Channel Outdoor in the third quarter worth approximately $107,000. Finally, Empowered Funds LLC bought a new stake in Clear Channel Outdoor in the 4th quarter worth approximately $216,000. 85.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an "outperform" rating and set a $2.50 price target on shares of Clear Channel Outdoor in a report on Monday, February 24th.

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Clear Channel Outdoor Trading Down 1.3 %

Clear Channel Outdoor stock traded down $0.02 during trading on Friday, reaching $1.11. The company had a trading volume of 1,128,797 shares, compared to its average volume of 1,631,555. The firm has a market capitalization of $541.51 million, a price-to-earnings ratio of -3.81 and a beta of 3.05. The firm's 50-day simple moving average is $1.31 and its 200 day simple moving average is $1.46. Clear Channel Outdoor Holdings, Inc. has a 52 week low of $1.09 and a 52 week high of $1.88.

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.