Clear Channel Outdoor Holdings, Inc. $CCO Stock Holdings Boosted by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 400.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 299,150 shares of the business services provider’s stock after buying an additional 239,340 shares during the period. GSA Capital Partners LLP owned approximately 0.06% of Clear Channel Outdoor worth $473,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Clear Channel Outdoor during the second quarter worth about $3,510,000. Jane Street Group LLC boosted its position in shares of Clear Channel Outdoor by 252.5% during the 2nd quarter. Jane Street Group LLC now owns 2,347,451 shares of the business services provider’s stock valued at $2,747,000 after purchasing an additional 1,681,454 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Clear Channel Outdoor in the 2nd quarter worth approximately $1,861,000. Whitebox Advisors LLC raised its holdings in shares of Clear Channel Outdoor by 44.7% in the 2nd quarter. Whitebox Advisors LLC now owns 3,233,484 shares of the business services provider’s stock worth $3,783,000 after purchasing an additional 998,984 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Clear Channel Outdoor by 16.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,992,175 shares of the business services provider’s stock worth $8,181,000 after purchasing an additional 968,225 shares in the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.

Clear Channel Outdoor Stock Down 0.2%

Shares of Clear Channel Outdoor stock opened at $2.38 on Wednesday. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $0.81 and a 12 month high of $2.43. The stock has a market cap of $1.18 billion, a PE ratio of -237.50 and a beta of 2.31. The business has a fifty day simple moving average of $2.18 and a 200-day simple moving average of $1.81.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CCO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Clear Channel Outdoor in a research report on Monday, December 29th. TD Cowen set a $2.50 price objective on Clear Channel Outdoor in a research note on Tuesday, February 10th. Citigroup boosted their target price on Clear Channel Outdoor from $1.35 to $2.10 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Wells Fargo & Company increased their price target on Clear Channel Outdoor from $1.50 to $2.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 12th. Finally, Wall Street Zen cut Clear Channel Outdoor from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $2.22.

Clear Channel Outdoor Company Profile

Clear Channel Outdoor Holdings, Inc (NYSE: CCO) is a global leader in out-of-home advertising, offering a wide range of static and digital displays across high-traffic environments. The company’s portfolio encompasses traditional roadside billboards, street furniture panels, transit advertising on buses and rail systems, and rapidly expanding digital networks. By combining broad geographic reach with state-of-the-art digital technology, Clear Channel Outdoor enables brands to engage consumers at key moments during their daily journeys.

Founded as a spin-off from Clear Channel Communications in 2005, Clear Channel Outdoor traces its origins to the early development of outdoor advertising in North America.