1 day Ago By Defense World Staff
Bank of New York Mellon Corp lifted its position in shares of Clear Channel Outdoor Holdings, Inc. ( NYSE:CCO – Free Report ) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 1,406,519 shares of the business services provider’s stock after purchasing an additional 49,714 shares during the quarter. Bank of New York Mellon Corp owned 0.29% of Clear Channel Outdoor worth $1,983,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. CCG Wealth Management LLC acquired a new stake in Clear Channel Outdoor during the 1st quarter worth $46,000. Quadrature Capital Ltd bought a new position in shares of Clear Channel Outdoor during the 4th quarter valued at about $68,000.
Genesee Capital Advisors LLC acquired a new position in shares of Clear Channel Outdoor in the 2nd quarter valued at approximately $136,000. AEGON USA Investment Management LLC increased its stake in Clear Channel Outdoor by 53.4% during the 2nd quarter.
AEGON USA Investment Management LLC now owns 154,449 shares of the business services provider’s stock worth $218,000 after purchasing an additional 53,736 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Clear Channel Outdoor by 63.3% during the 1st quarter.
BNP Paribas Financial Markets now owns 212,246 shares of the business services provider’s stock worth $350,000 after buying an additional 82,286 shares during the period. Institutional investors and hedge funds own 85.52% of the company’s stock.
Insider Transactions at Clear Channel Outdoor In other news, major shareholder Pacific Investment Management sold 46,959 shares of Clear Channel Outdoor stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1.69, for a total value of $79,360.
71. Following the completion of the transaction, the insider now owns 104,812,998 shares of the company’s stock, valued at approximately $177,133,966.62.
The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Company insiders own 1.53% of the company’s stock.
Analysts Set New Price Targets Check Out Our Latest Stock Analysis on CCO Clear Channel Outdoor Stock Up 0.6 % Shares of CCO opened at $1.71 on Wednesday.
The company has a 50 day moving average of $1.55 and a 200-day moving average of $1.53.
The stock has a market capitalization of $835.69 million, a P/E ratio of -2.21 and a beta of 3.
07. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $1.
04 and a twelve month high of $2.06. Clear Channel Outdoor ( NYSE:CCO – Get Free Report ) last posted its quarterly earnings data on Wednesday, August 7th.
The business services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.
02). The firm had revenue of $558.54 million for the quarter, compared to the consensus estimate of $563.
75 million. On average, sell-side analysts anticipate that Clear Channel Outdoor Holdings, Inc. will post -0.
29 earnings per share for the current fiscal year. Clear Channel Outdoor Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than Clear Channel Outdoor Investing In Preferred Stock vs. Common Stock Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Stock Average Calculator Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge How to Calculate Stock Profit Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Clear Channel Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clear Channel Outdoor and related companies with MarketBeat.
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