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

GSA Capital Partners LLP raised its stake in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 400.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 299,150 shares of the business services provider’s stock after buying an additional 239,340 shares during the quarter. GSA Capital Partners LLP’s holdings in Clear Channel Outdoor were worth $473,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Jacksonville Wealth Management LLC acquired a new position in shares of Clear Channel Outdoor in the third quarter worth $71,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Clear Channel Outdoor by 106.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 30,811 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 15,911 shares in the last quarter. Burney Co. acquired a new position in Clear Channel Outdoor in the 3rd quarter worth about $32,000. CWM LLC increased its position in Clear Channel Outdoor by 97.9% in the 3rd quarter. CWM LLC now owns 16,675 shares of the business services provider’s stock worth $26,000 after purchasing an additional 8,248 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Clear Channel Outdoor during the 3rd quarter worth about $1,501,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

Clear Channel Outdoor Trading Down 0.2%

NYSE CCO opened at $2.38 on Wednesday. Clear Channel Outdoor Holdings, Inc. has a 1 year low of $0.81 and a 1 year high of $2.43. The company has a fifty day simple moving average of $2.18 and a 200 day simple moving average of $1.81. The company has a market cap of $1.18 billion, a P/E ratio of -237.50 and a beta of 2.31.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CCO shares. Morgan Stanley set a $2.00 price objective on Clear Channel Outdoor in a report on Monday, November 10th. Zacks Research downgraded shares of Clear Channel Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Clear Channel Outdoor in a report on Monday, December 29th. Wells Fargo & Company upped their price objective on shares of Clear Channel Outdoor from $1.50 to $2.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 12th. Finally, Wall Street Zen lowered Clear Channel Outdoor from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Clear Channel Outdoor presently has an average rating of “Reduce” and a consensus target price of $2.22.

Clear Channel Outdoor 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.