Vanguard Group Inc. boosted its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 12.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,116,152 shares of the business services provider’s stock after purchasing an additional 346,755 shares during the period. Vanguard Group Inc. owned about 0.86% of Clear Channel Outdoor Holdings worth $15,114,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Citigroup Inc. lifted its holdings in Clear Channel Outdoor Holdings by 0.3% during the 2nd quarter. Citigroup Inc. now owns 72,458 shares of the business services provider’s stock valued at $351,000 after purchasing an additional 236 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Clear Channel Outdoor Holdings by 1.4% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,065 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 300 shares in the last quarter. Federated Investors Inc. PA increased its position in Clear Channel Outdoor Holdings by 0.4% in the 2nd quarter. Federated Investors Inc. PA now owns 77,518 shares of the business services provider’s stock valued at $376,000 after acquiring an additional 327 shares in the last quarter. Alliancebernstein L.P. increased its position in Clear Channel Outdoor Holdings by 2.3% in the 1st quarter. Alliancebernstein L.P. now owns 122,601 shares of the business services provider’s stock valued at $742,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Clear Channel Outdoor Holdings by 20.4% in the 2nd quarter. Rhumbline Advisers now owns 44,703 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 7,574 shares in the last quarter. 9.56% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of Clear Channel Outdoor Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Loop Capital lowered their price objective on shares of Clear Channel Outdoor Holdings from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.44.

Shares of Clear Channel Outdoor Holdings, Inc. (NYSE CCO) opened at $4.20 on Friday. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $1,528.73, a PE ratio of 210.00 and a beta of 1.61. Clear Channel Outdoor Holdings, Inc. has a 1 year low of $3.35 and a 1 year high of $6.35.

The business also recently disclosed a dividend, which was paid on Tuesday, October 31st. Shareholders of record on Thursday, October 26th were given a $0.0687 dividend. The ex-dividend date of this dividend was Wednesday, November 1st.

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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).

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

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