Serengeti Asset Management LP bought a new position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 250,000 shares of the business services provider’s stock, valued at approximately $1,075,000. Clear Channel Outdoor makes up 0.2% of Serengeti Asset Management LP’s holdings, making the stock its 23rd biggest position. Serengeti Asset Management LP owned about 0.07% of Clear Channel Outdoor as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. California Public Employees Retirement System grew its position in Clear Channel Outdoor by 32.5% during the first quarter. California Public Employees Retirement System now owns 74,577 shares of the business services provider’s stock worth $365,000 after buying an additional 18,277 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Clear Channel Outdoor by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 208,063 shares of the business services provider’s stock worth $956,000 after purchasing an additional 18,514 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Clear Channel Outdoor by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 558,943 shares of the business services provider’s stock worth $2,739,000 after purchasing an additional 19,094 shares in the last quarter. Symphony Asset Management LLC boosted its holdings in shares of Clear Channel Outdoor by 50.0% in the 1st quarter. Symphony Asset Management LLC now owns 63,000 shares of the business services provider’s stock worth $309,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Clear Channel Outdoor by 129.5% in the 4th quarter. Wells Fargo & Company MN now owns 43,873 shares of the business services provider’s stock worth $202,000 after purchasing an additional 24,758 shares in the last quarter. Institutional investors and hedge funds own 8.96% of the company’s stock.

Clear Channel Outdoor opened at $4.45 on Monday, according to Marketbeat Ratings. Clear Channel Outdoor Holdings, Inc. has a 12-month low of $3.60 and a 12-month high of $5.35. The company has a debt-to-equity ratio of -2.54, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $1.62 billion, a PE ratio of 222.50 and a beta of 1.59.

Clear Channel Outdoor (NYSE:CCO) last posted its quarterly earnings data on Tuesday, July 31st. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.11). The firm had revenue of $711.98 million during the quarter, compared to analysts’ expectations of $701.51 million. equities research analysts expect that Clear Channel Outdoor Holdings, Inc. will post -0.59 EPS for the current year.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. ValuEngine upgraded Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Friday, June 1st. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Clear Channel Outdoor currently has a consensus rating of “Hold” and a consensus target price of $8.00.

Clear Channel Outdoor Profile

Clear Channel Outdoor Holdings, Inc is an outdoor advertising company, which engages in the provision of advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays. It operates its business through the Americas and International Outdoor segment.

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

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