Arturo R. Moreno Purchases 500,000 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Stock

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Get Free Report) major shareholder Arturo R. Moreno purchased 500,000 shares of Clear Channel Outdoor stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average price of $1.01 per share, with a total value of $505,000.00. Following the transaction, the insider now owns 60,229,814 shares in the company, valued at $60,832,112.14. This represents a 0.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Clear Channel Outdoor Stock Up 1.6 %

Shares of Clear Channel Outdoor stock traded up $0.02 on Friday, hitting $0.96. 1,801,100 shares of the company traded hands, compared to its average volume of 1,674,584. Clear Channel Outdoor Holdings, Inc. has a 12-month low of $0.81 and a 12-month high of $1.88. The company has a 50-day moving average price of $1.16 and a 200 day moving average price of $1.38. The company has a market cap of $468.01 million, a PE ratio of -3.29 and a beta of 2.72.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Clear Channel Outdoor

Large investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its stake 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 valued at $1,787,000 after acquiring an additional 404,082 shares during the last quarter. Barclays PLC boosted its holdings in Clear Channel Outdoor by 271.2% in the third quarter. Barclays PLC now owns 520,663 shares of the business services provider's stock worth $833,000 after purchasing an additional 380,408 shares in the last quarter. JPMorgan Chase & Co. increased its position in Clear Channel Outdoor by 9.0% during the fourth quarter. JPMorgan Chase & Co. now owns 7,371,308 shares of the business services provider's stock worth $10,099,000 after buying an additional 610,110 shares during the last quarter. SG Americas Securities LLC raised its holdings in Clear Channel Outdoor by 31.2% during the fourth quarter. SG Americas Securities LLC now owns 294,947 shares of the business services provider's stock valued at $404,000 after buying an additional 70,196 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of Clear Channel Outdoor by 114.4% during the 4th quarter. Intech Investment Management LLC now owns 143,413 shares of the business services provider's stock worth $196,000 after acquiring an additional 76,536 shares in the last quarter. Institutional investors own 85.52% of the company's stock.

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.