Gamco Investors INC. ET AL Has $7.72 Million Stock Holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Gamco Investors INC. ET AL boosted its stake in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,636,000 shares of the business services provider's stock after acquiring an additional 405,500 shares during the period. Gamco Investors INC. ET AL owned 1.15% of Clear Channel Outdoor worth $7,721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its stake in Clear Channel Outdoor by 56.7% during 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 purchasing an additional 404,082 shares during the last quarter. Barclays PLC grew its position 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 valued at $833,000 after acquiring an additional 380,408 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Clear Channel Outdoor by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider's stock worth $10,818,000 after acquiring an additional 54,566 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of 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 purchasing an additional 70,196 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Clear Channel Outdoor by 13.6% during the 4th quarter. Inspire Investing LLC now owns 291,121 shares of the business services provider's stock valued at $399,000 after purchasing an additional 34,759 shares during the last quarter. 85.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno purchased 980,644 shares of the business's stock in a transaction dated Wednesday, April 16th. The shares were bought at an average price of $0.93 per share, for a total transaction of $911,998.92. Following the completion of the acquisition, the insider now owns 61,210,458 shares in the company, valued at approximately $56,925,725.94. This trade represents a 1.63 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 7,093,366 shares of company stock valued at $6,805,848 in the last ninety days. 1.53% of the stock is currently owned by insiders.

Clear Channel Outdoor Stock Performance

Shares of NYSE:CCO traded down $0.01 during midday trading on Tuesday, hitting $0.94. 573,774 shares of the stock were exchanged, compared to its average volume of 1,699,583. The business's 50-day moving average price is $1.15 and its 200 day moving average price is $1.37. The stock has a market capitalization of $461.14 million, a price-to-earnings ratio of -3.24 and a beta of 2.72. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $0.81 and a 12 month high of $1.88.

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.