CLEAR CHANNEL O/SH (NYSE:CCO) Director Buys $912,000.00 in Stock

CLEAR CHANNEL O/SH (NYSE:CCO) Director W Benjamin Moreland bought 400,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of $2.28 per share, for a total transaction of $912,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:CCO traded down $0.02 on Friday, reaching $2.24. 7,883,267 shares of the company’s stock traded hands, compared to its average volume of 1,470,991. The stock has a 50-day simple moving average of $3.69 and a 200-day simple moving average of $4.83. The firm has a market cap of $1.10 billion, a PE ratio of -3.86 and a beta of 0.72. CLEAR CHANNEL O/SH has a 12 month low of $2.06 and a 12 month high of $6.38.

Several equities analysts recently weighed in on the company. Barrington Research reiterated a “buy” rating and set a $6.50 target price on shares of CLEAR CHANNEL O/SH in a research report on Monday, April 29th. Raymond James reiterated an “average” rating and set a $16.00 target price on shares of CLEAR CHANNEL O/SH in a research report on Friday, July 26th. Zacks Investment Research upgraded CLEAR CHANNEL O/SH from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Friday, August 9th. Wolfe Research downgraded CLEAR CHANNEL O/SH from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Finally, TheStreet downgraded CLEAR CHANNEL O/SH from a “c-” rating to a “d” rating in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.63.



A number of large investors have recently bought and sold shares of CCO. Aperio Group LLC bought a new stake in CLEAR CHANNEL O/SH during the second quarter valued at about $26,000. Legal & General Group Plc raised its holdings in CLEAR CHANNEL O/SH by 56.4% during the fourth quarter. Legal & General Group Plc now owns 8,116 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 2,927 shares during the period. BNP Paribas Arbitrage SA raised its holdings in CLEAR CHANNEL O/SH by 288.8% during the first quarter. BNP Paribas Arbitrage SA now owns 8,694 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 6,458 shares during the period. UBS Asset Management Americas Inc. bought a new stake in CLEAR CHANNEL O/SH during the second quarter valued at about $47,000. Finally, Virtus ETF Advisers LLC bought a new stake in CLEAR CHANNEL O/SH during the second quarter valued at about $49,000. 9.22% of the stock is currently owned by institutional investors and hedge funds.

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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