Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Stock Position Decreased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lowered its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) by 76.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 154,900 shares of the business services provider's stock after selling 504,788 shares during the period. ExodusPoint Capital Management LP's holdings in Clear Channel Outdoor were worth $212,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Jane Street Group LLC grew its position in Clear Channel Outdoor by 56.7% in the 3rd quarter. Jane Street Group LLC now owns 1,116,893 shares of the business services provider's stock worth $1,787,000 after purchasing an additional 404,082 shares during the last quarter. Barclays PLC grew its holdings in Clear Channel Outdoor by 271.2% in the 3rd quarter. Barclays PLC now owns 520,663 shares of the business services provider's stock worth $833,000 after buying an additional 380,408 shares in the last quarter. SG Americas Securities LLC increased its position in Clear Channel Outdoor by 31.2% in the 4th quarter. SG Americas Securities LLC now owns 294,947 shares of the business services provider's stock valued at $404,000 after acquiring an additional 70,196 shares during the period. JPMorgan Chase & Co. raised its stake in Clear Channel Outdoor by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider's stock valued at $10,818,000 after acquiring an additional 54,566 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in 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 during the period. Institutional investors and hedge funds own 85.52% of the company's stock.

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Insider Activity

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno acquired 2,500,000 shares of Clear Channel Outdoor stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $0.97 per share, for a total transaction of $2,425,000.00. Following the transaction, the insider now owns 54,932,534 shares in the company, valued at approximately $53,284,557.98. This trade represents a 4.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have bought 5,612,722 shares of company stock worth $5,388,849. 1.53% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Clear Channel Outdoor Price Performance

Shares of NYSE CCO traded up $0.00 during mid-day trading on Tuesday, reaching $0.96. 1,440,231 shares of the company traded hands, compared to its average volume of 1,659,364. The firm has a market cap of $470.95 million, a PE ratio of -3.31 and a beta of 2.72. Clear Channel Outdoor Holdings, Inc. has a fifty-two week low of $0.81 and a fifty-two week high of $1.88. The stock has a fifty day simple moving average of $1.19 and a 200-day simple moving average of $1.39.

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.