Requisite Capital Management LLC Sells 200,000 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Requisite Capital Management LLC reduced its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 400,000 shares of the business services provider's stock after selling 200,000 shares during the period. Requisite Capital Management LLC owned 0.08% of Clear Channel Outdoor worth $548,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Crewe Advisors LLC bought a new position in shares of Clear Channel Outdoor during the third quarter valued at $32,000. Ground Swell Capital LLC bought a new position in shares of Clear Channel Outdoor during the third quarter valued at $34,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Clear Channel Outdoor during the third quarter valued at $34,000. Stratos Wealth Advisors LLC purchased a new stake in shares of Clear Channel Outdoor during the 3rd quarter valued at about $40,000. Finally, Point72 DIFC Ltd purchased a new stake in Clear Channel Outdoor in the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 85.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCO. Barrington Research reiterated an "outperform" rating and issued a $2.50 price target on shares of Clear Channel Outdoor in a research report on Thursday, October 31st. TD Cowen decreased their target price on Clear Channel Outdoor from $2.60 to $2.40 and set a "buy" rating on the stock in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Clear Channel Outdoor presently has an average rating of "Hold" and an average target price of $2.16.

Clear Channel Outdoor Trading Up 1.1 %

Shares of CCO stock traded up $0.02 on Friday, reaching $1.44. 1,094,329 shares of the stock were exchanged, compared to its average volume of 943,616. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $1.29 and a twelve month high of $2.06. The company has a market capitalization of $701.83 million, a price-to-earnings ratio of -4.95 and a beta of 3.04. The business's 50 day moving average price is $1.48 and its 200 day moving average price is $1.53.

Insider Activity

In other news, major shareholder Arturo R. Moreno purchased 250,000 shares of the company's stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $1.45 per share, for a total transaction 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 represents a 0.48 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.53% 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.