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

GSA Capital Partners LLP increased its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 105.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 614,710 shares of the business services provider’s stock after purchasing an additional 315,560 shares during the quarter. GSA Capital Partners LLP’s holdings in Clear Channel Outdoor were worth $1,359,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CCO. CWM LLC grew its stake 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 valued at $26,000 after buying an additional 8,248 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Clear Channel Outdoor in the 4th quarter valued at about $31,000. Advisors Capital Management LLC grew its stake 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 valued at $36,000 after buying an additional 11,000 shares during the period. Zacks Investment Management bought a new position in Clear Channel Outdoor in the 3rd quarter valued at about $36,000. Finally, Jefferies Financial Group Inc. bought a new position in Clear Channel Outdoor in the 3rd quarter valued at about $45,000. 85.52% of the stock is currently owned by institutional investors and hedge funds.

Clear Channel Outdoor Stock Performance

Shares of NYSE CCO opened at $2.40 on Thursday. Clear Channel Outdoor Holdings, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2.43. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -13.31 and a beta of 1.99. The firm’s 50-day simple moving average is $2.38 and its 200 day simple moving average is $2.20.

Clear Channel Outdoor (NYSE:CCO) last announced its quarterly earnings results on Tuesday, May 5th. The business services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $373.86 million for the quarter, compared to analyst estimates of $348.71 million. On average, sell-side analysts predict that Clear Channel Outdoor Holdings, Inc. will post -0.04 EPS for the current year.

Analyst Upgrades and Downgrades

CCO has been the topic of several recent research reports. TD Cowen reaffirmed a “hold” rating and issued a $2.43 price target (down from $2.50) on shares of Clear Channel Outdoor in a research report on Monday, April 6th. Wells Fargo & Company raised their price target 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. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clear Channel Outdoor in a research report on Friday, March 27th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Clear Channel Outdoor presently has an average 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.