GSA Capital Partners LLP Has $1.36 Million Stake in Clear Channel Outdoor Holdings, Inc. $CCO

GSA Capital Partners LLP boosted its stake in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 105.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 614,710 shares of the business services provider’s stock after purchasing an additional 315,560 shares during the period. GSA Capital Partners LLP owned about 0.12% of Clear Channel Outdoor worth $1,359,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Clear Channel Outdoor in the 4th quarter worth approximately $31,000. CWM LLC lifted its position in shares of 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 period. Zacks Investment Management acquired a new position in shares of Clear Channel Outdoor in the 3rd quarter worth approximately $36,000. Advisors Capital Management LLC lifted its position in shares of Clear Channel Outdoor by 91.7% in the 3rd quarter. Advisors Capital Management LLC now owns 23,000 shares of the business services provider’s stock worth $36,000 after purchasing an additional 11,000 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Clear Channel Outdoor by 61.8% in the 4th quarter. SG Americas Securities LLC now owns 23,618 shares of the business services provider’s stock worth $52,000 after purchasing an additional 9,019 shares during the period. 85.52% of the stock is currently owned by institutional investors and hedge funds.

Clear Channel Outdoor Trading Up 0.2%

Shares of Clear Channel Outdoor stock opened at $2.40 on Thursday. The business has a 50-day moving average price of $2.38 and a two-hundred day moving average price of $2.20. Clear Channel Outdoor Holdings, Inc. has a 1-year low of $1.00 and a 1-year high of $2.43. The company has a market cap of $1.22 billion, a P/E ratio of -13.31 and a beta of 1.99.

Clear Channel Outdoor (NYSE:CCO) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $373.86 million during the quarter, compared to analysts’ expectations of $348.71 million. Equities research analysts forecast that Clear Channel Outdoor Holdings, Inc. will post -0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CCO has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clear Channel Outdoor in a report on Friday, March 27th. TD Cowen reiterated a “hold” rating and set a $2.43 price target (down from $2.50) on shares of Clear Channel Outdoor in a report on Monday, April 6th. Finally, Wells Fargo & Company increased their price target on Clear Channel Outdoor from $2.00 to $2.43 and gave the stock an “equal weight” rating in a report on Friday, February 27th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $2.29.

About Clear Channel Outdoor

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.