Readystate Asset Management LP Sells 1,261,523 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Readystate Asset Management LP lessened its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) by 31.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,723,598 shares of the business services provider's stock after selling 1,261,523 shares during the period. Readystate Asset Management LP owned approximately 0.56% of Clear Channel Outdoor worth $4,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCO. Dynamic Technology Lab Private Ltd bought a new position in shares of Clear Channel Outdoor in the 3rd quarter worth $65,000. Crewe Advisors LLC bought a new position in shares of Clear Channel Outdoor in the 3rd quarter worth $32,000. Algert Global LLC increased its holdings in shares of Clear Channel Outdoor by 77.8% in the 3rd quarter. Algert Global LLC now owns 642,620 shares of the business services provider's stock worth $1,028,000 after buying an additional 281,210 shares during the last quarter. Cerity Partners LLC bought a new position in shares of Clear Channel Outdoor in the 3rd quarter worth $1,730,000. Finally, Intech Investment Management LLC bought a new position in shares of Clear Channel Outdoor in the 3rd quarter worth $107,000. Institutional investors own 85.52% of the company's stock.

Clear Channel Outdoor Trading Down 0.3 %

CCO traded down $0.01 during trading on Thursday, hitting $1.57. 204,402 shares of the stock traded hands, compared to its average volume of 1,901,166. The firm has a 50-day moving average of $1.56 and a 200 day moving average of $1.53. Clear Channel Outdoor Holdings, Inc. has a 12-month low of $1.29 and a 12-month high of $2.06.

Analyst Upgrades and Downgrades

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

Insider Transactions at Clear Channel Outdoor

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno purchased 250,000 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average cost of $1.45 per share, for a total transaction of $362,500.00. Following the purchase, the insider now directly owns 52,182,534 shares in the company, valued at $75,664,674.30. The trade was a 0.48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.53% of the company's stock.

Clear Channel Outdoor 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.