Jane Street Group LLC Boosts Stock Holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Jane Street Group LLC grew its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) by 56.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,116,893 shares of the business services provider's stock after purchasing an additional 404,082 shares during the quarter. Jane Street Group LLC owned about 0.23% of Clear Channel Outdoor worth $1,787,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCO. XTX Topco Ltd increased its position in shares of Clear Channel Outdoor by 28.4% in the 2nd quarter. XTX Topco Ltd now owns 81,188 shares of the business services provider's stock valued at $114,000 after acquiring an additional 17,957 shares during the period. Crewe Advisors LLC purchased a new stake in Clear Channel Outdoor in the third quarter valued at approximately $32,000. Ground Swell Capital LLC acquired a new position in Clear Channel Outdoor in the 3rd quarter worth approximately $34,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in Clear Channel Outdoor during the 3rd quarter valued at approximately $34,000. Finally, Stratos Wealth Advisors LLC purchased a new stake in shares of Clear Channel Outdoor in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 85.52% of the company's stock.

Insider Activity

In other news, major shareholder Arturo R. Moreno bought 250,000 shares of the business's stock in a transaction on Monday, November 4th. The shares were bought at an average price of $1.45 per share, with a total value of $362,500.00. Following the completion of the transaction, the insider now directly owns 52,182,534 shares in the company, valued at $75,664,674.30. This trade represents a 0.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.53% of the company's stock.

Clear Channel Outdoor Stock Down 0.7 %

Shares of CCO traded down $0.01 during midday trading on Thursday, reaching $1.38. The company had a trading volume of 811,087 shares, compared to its average volume of 1,887,757. Clear Channel Outdoor Holdings, Inc. has a 1-year low of $1.29 and a 1-year high of $2.06. The firm has a 50 day simple moving average of $1.53 and a 200-day simple moving average of $1.53. The stock has a market cap of $674.93 million, a PE ratio of -4.76 and a beta of 3.05.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barrington Research restated an "outperform" rating and set a $2.50 target price on shares of Clear Channel Outdoor in a research report on Thursday, October 31st. TD Cowen dropped their target price on Clear Channel Outdoor from $2.60 to $2.40 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, Wells Fargo & Company downgraded Clear Channel Outdoor from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $2.75 to $1.75 in a report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $2.16.

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.