Barings LLC continued to hold its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,000 shares of the business services provider’s stock at the end of the first quarter. Barings LLC’s holdings in Clear Channel Outdoor Holdings were worth $526,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CCO. State Board of Administration of Florida Retirement System boosted its position in shares of Clear Channel Outdoor Holdings by 15.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 54,919 shares of the business services provider’s stock worth $277,000 after buying an additional 7,260 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Clear Channel Outdoor Holdings by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 376,408 shares of the business services provider’s stock worth $1,901,000 after buying an additional 24,447 shares during the period. Federated Investors Inc. PA boosted its position in shares of Clear Channel Outdoor Holdings by 87.8% in the fourth quarter. Federated Investors Inc. PA now owns 79,628 shares of the business services provider’s stock worth $402,000 after buying an additional 37,221 shares during the period. Renaissance Technologies LLC raised its stake in Clear Channel Outdoor Holdings by 4.0% in the fourth quarter. Renaissance Technologies LLC now owns 896,100 shares of the business services provider’s stock worth $4,525,000 after buying an additional 34,600 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in Clear Channel Outdoor Holdings during the fourth quarter worth $114,000. 9.16% of the stock is owned by institutional investors.

Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) traded down 8.91% during mid-day trading on Thursday, reaching $4.60. 108,826 shares of the company traded hands. Clear Channel Outdoor Holdings, Inc. has a 52 week low of $3.35 and a 52 week high of $7.31. The firm has a 50-day moving average price of $4.54 and a 200 day moving average price of $4.96. The firm’s market capitalization is $218.32 million.

Clear Channel Outdoor Holdings (NYSE:CCO) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. Clear Channel Outdoor Holdings had a negative return on equity of 14.75% and a negative net margin of 1.04%. The company had revenue of $544.73 million during the quarter, compared to analysts’ expectations of $559.30 million. On average, analysts anticipate that Clear Channel Outdoor Holdings, Inc. will post ($0.07) earnings per share for the current year.

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A number of analysts have weighed in on CCO shares. TheStreet lowered shares of Clear Channel Outdoor Holdings from a “c” rating to a “d” rating in a research note on Thursday, May 4th. Zacks Investment Research lowered shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. ValuEngine lowered shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $7.81.

About Clear Channel Outdoor Holdings

Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).

Institutional Ownership by Quarter for Clear Channel Outdoor Holdings (NYSE:CCO)

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