Vanguard Group Inc. increased its stake in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 5.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,769,397 shares of the business services provider’s stock after buying an additional 151,067 shares during the period. Vanguard Group Inc. owned about 0.77% of Clear Channel Outdoor Holdings worth $16,754,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCO. Los Angeles Capital Management & Equity Research Inc. raised its position in Clear Channel Outdoor Holdings by 16.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,765 shares of the business services provider’s stock valued at $126,000 after buying an additional 3,000 shares during the period. Laurion Capital Management LP bought a new position in Clear Channel Outdoor Holdings during the first quarter valued at $215,000. Zazove Associates LLC raised its position in Clear Channel Outdoor Holdings by 9.1% in the first quarter. Zazove Associates LLC now owns 47,129 shares of the business services provider’s stock valued at $285,000 after buying an additional 3,931 shares during the period. Phoenix Investment Adviser LLC bought a new position in Clear Channel Outdoor Holdings during the first quarter valued at $392,000. Finally, Alliancebernstein L.P. raised its position in Clear Channel Outdoor Holdings by 2.3% in the first quarter. Alliancebernstein L.P. now owns 122,601 shares of the business services provider’s stock valued at $742,000 after buying an additional 2,800 shares during the period. 9.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Clear Channel Outdoor Holdings, Inc. (NYSE CCO) traded down 1.22% on Friday, hitting $4.05. The stock had a trading volume of 61,088 shares. Clear Channel Outdoor Holdings, Inc. has a 52 week low of $3.35 and a 52 week high of $7.31. The company has a 50-day moving average of $4.57 and a 200 day moving average of $4.88. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 40.50 and a beta of 1.51.

Clear Channel Outdoor Holdings (NYSE:CCO) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $672.32 million for the quarter, compared to analysts’ expectations of $672.22 million. Clear Channel Outdoor Holdings had a negative return on equity of 3.35% and a net margin of 1.40%. On average, equities research analysts predict that Clear Channel Outdoor Holdings, Inc. will post ($0.09) EPS for the current year.

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Several research firms have weighed in on CCO. ValuEngine raised Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research lowered Clear Channel Outdoor Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub raised Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, TheStreet lowered Clear Channel Outdoor Holdings from a “c” rating to a “d” rating in a research report on Thursday, May 4th. Six equities research analysts have rated the stock with a hold rating, Clear Channel Outdoor Holdings currently has a consensus rating of “Hold” and an average target price of $7.81.

Clear Channel Outdoor Holdings Company Profile

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).

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

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