CLEAR CHANNEL O/SH (NYSE:CCO) major shareholder Pacific Investment Management sold 14,907 shares of CLEAR CHANNEL O/SH stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $0.92, for a total value of $13,714.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Pacific Investment Management also recently made the following trade(s):

  • On Wednesday, July 15th, Pacific Investment Management sold 124,578 shares of CLEAR CHANNEL O/SH stock. The shares were sold at an average price of $0.93, for a total value of $115,857.54.

Shares of CCO stock opened at $0.92 on Friday. CLEAR CHANNEL O/SH has a 1-year low of $0.36 and a 1-year high of $3.31. The business has a 50-day moving average of $1.04 and a 200 day moving average of $1.41.

CLEAR CHANNEL O/SH (NYSE:CCO) last issued its earnings results on Wednesday, May 6th. The business services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.12). The company had revenue of $550.81 million during the quarter, compared to the consensus estimate of $522.10 million. As a group, equities research analysts expect that CLEAR CHANNEL O/SH will post -1.19 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Eidelman Virant Capital purchased a new stake in CLEAR CHANNEL O/SH during the 2nd quarter valued at about $31,000. Two Sigma Advisers LP boosted its holdings in CLEAR CHANNEL O/SH by 101.5% during the 1st quarter. Two Sigma Advisers LP now owns 68,900 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 34,700 shares during the period. First Trust Advisors LP purchased a new stake in CLEAR CHANNEL O/SH during the 1st quarter valued at about $53,000. Arizona State Retirement System purchased a new stake in CLEAR CHANNEL O/SH during the 1st quarter valued at about $56,000. Finally, Raymond James & Associates purchased a new stake in CLEAR CHANNEL O/SH in the 4th quarter worth approximately $68,000. Institutional investors own 96.88% of the company’s stock.

A number of equities analysts have weighed in on CCO shares. Royal Bank of Canada decreased their target price on CLEAR CHANNEL O/SH from $15.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Thursday. ValuEngine upgraded CLEAR CHANNEL O/SH from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Zacks Investment Research upgraded CLEAR CHANNEL O/SH from a “sell” rating to a “hold” rating in a report on Thursday, May 28th. Citigroup upgraded CLEAR CHANNEL O/SH from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $0.90 to $1.60 in a report on Wednesday, June 24th. Finally, Cowen upped their price objective on CLEAR CHANNEL O/SH from $1.50 to $2.20 and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CLEAR CHANNEL O/SH has a consensus rating of “Hold” and an average target price of $5.16.

CLEAR CHANNEL O/SH Company Profile

Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces in the United States and internationally. It operates through two segments, Americas Outdoor Advertising and International Outdoor Advertising. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; and other displays comprising spectaculars and wallscapes, as well as retail and other small displays.

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Insider Buying and Selling by Quarter for CLEAR CHANNEL O/SH (NYSE:CCO)

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