Sentinel Dome Partners LLC Invests $3.47 Million in Clear Channel Outdoor Holdings, Inc. $CCO

Sentinel Dome Partners LLC bought a new stake in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,570,000 shares of the business services provider’s stock, valued at approximately $3,470,000. Clear Channel Outdoor makes up approximately 2.4% of Sentinel Dome Partners LLC’s holdings, making the stock its 13th biggest position. Sentinel Dome Partners LLC owned approximately 0.32% of Clear Channel Outdoor as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Captrust Financial Advisors purchased a new position in Clear Channel Outdoor during the fourth quarter worth $27,000. EntryPoint Capital LLC purchased a new stake in shares of Clear Channel Outdoor in the fourth quarter valued at $28,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Clear Channel Outdoor during the fourth quarter valued at $31,000. Sargent Investment Group LLC purchased a new stake in Clear Channel Outdoor during the 4th quarter worth about $33,000. Finally, Advisors Capital Management LLC increased its position in Clear Channel Outdoor by 91.7% during 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 in the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CCO shares. TD Cowen restated a “hold” rating and issued a $2.43 target price (down from $2.50) on shares of Clear Channel Outdoor in a report on Monday, April 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Clear Channel Outdoor in a research report on Friday, March 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Clear Channel Outdoor from $2.00 to $2.43 and gave the company an “equal weight” rating in a research report on Friday, February 27th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $2.29.

Insider Buying and Selling at Clear Channel Outdoor

In other news, Director Raymond T. White sold 23,435,796 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $2.40, for a total transaction of $56,245,910.40. Following the completion of the sale, the director directly owned 187,371 shares of the company’s stock, valued at $449,690.40. The trade was a 99.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 26,239,967 shares of company stock valued at $62,975,921. 7.70% of the stock is owned by company insiders.

Clear Channel Outdoor Trading Down 0.2%

Shares of NYSE:CCO opened at $2.40 on Friday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -13.36 and a beta of 1.96. The stock’s 50-day moving average price is $2.39 and its two-hundred day moving average price is $2.29. Clear Channel Outdoor Holdings, Inc. has a 12-month low of $1.00 and a 12-month high of $2.43.

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

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.