Teacher Retirement System of Texas reduced its holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO – Get Rating) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 824,978 shares of the business services provider’s stock after selling 12,428 shares during the quarter. Teacher Retirement System of Texas’ holdings in Clear Channel Outdoor were worth $866,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Parallax Volatility Advisers L.P. bought a new stake in shares of Clear Channel Outdoor in the 3rd quarter worth approximately $30,000. Metropolitan Life Insurance Co NY lifted its position in Clear Channel Outdoor by 67.9% in the third quarter. Metropolitan Life Insurance Co NY now owns 22,697 shares of the business services provider’s stock worth $31,000 after buying an additional 9,181 shares during the last quarter. Ethos Financial Group LLC purchased a new position in shares of Clear Channel Outdoor during the fourth quarter valued at $31,000. Raymond James & Associates boosted its holdings in Clear Channel Outdoor by 76.9% in the fourth quarter. Raymond James & Associates now owns 29,900 shares of the business services provider’s stock worth $31,000 after acquiring an additional 13,000 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Clear Channel Outdoor by 44.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 31,703 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 9,800 shares during the period.
Clear Channel Outdoor Price Performance
Clear Channel Outdoor stock opened at $1.34 on Monday. Clear Channel Outdoor Holdings, Inc. has a 52-week low of $0.91 and a 52-week high of $2.14. The company has a market cap of $647.01 million, a price-to-earnings ratio of -16.75 and a beta of 2.50. The firm’s fifty day moving average is $1.22 and its 200 day moving average is $1.30.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. StockNews.com initiated coverage on Clear Channel Outdoor in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Barrington Research reaffirmed an “outperform” rating and set a $2.50 target price on shares of Clear Channel Outdoor in a report on Monday, March 6th. Citigroup increased their price target on Clear Channel Outdoor from $1.10 to $1.90 and gave the company a “neutral” rating in a research note on Thursday, February 16th. Finally, Wells Fargo & Company dropped their price objective on Clear Channel Outdoor from $1.50 to $1.25 in a research note on Tuesday, May 9th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Clear Channel Outdoor presently has a consensus rating of “Hold” and a consensus price target of $2.13.
About Clear Channel Outdoor
Clear Channel Outdoor Holdings, Inc engages in the provision of outdoor advertising solutions. It operates through the Americas and Other segments. The Americas segment consists of operations U.S. operations excluding airports. Europe-North, which consists of operations in the U.K., the Nordics and several other countries throughout northern and central Europe, and Europe-South, which covers the operations in France, Switzerland, Spain and Italy.
Further Reading
- Get a free copy of the StockNews.com research report on Clear Channel Outdoor (CCO)
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