Jane Street Group LLC purchased a new position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,106 shares of the business services provider’s stock, valued at approximately $63,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its holdings in Clear Channel Outdoor by 900.6% in the 4th quarter. Meeder Asset Management Inc. now owns 6,234 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 5,611 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in Clear Channel Outdoor in the 4th quarter valued at approximately $70,000. MetLife Investment Advisors LLC acquired a new position in Clear Channel Outdoor in the 4th quarter valued at approximately $95,000. Bank of America Corp DE raised its holdings in Clear Channel Outdoor by 15.9% in the 4th quarter. Bank of America Corp DE now owns 49,402 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 6,775 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Clear Channel Outdoor by 39.2% in the 4th quarter. Rhumbline Advisers now owns 53,461 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 15,045 shares in the last quarter. Institutional investors own 8.94% of the company’s stock.

Clear Channel Outdoor stock opened at $5.14 on Tuesday. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $4.22 and a 12 month high of $6.38. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -8.86 and a beta of 1.06.

Clear Channel Outdoor (NYSE:CCO) last issued its earnings results on Tuesday, March 5th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.08. The company had revenue of $747.59 million during the quarter, compared to analyst estimates of $736.40 million. Equities research analysts expect that Clear Channel Outdoor Holdings, Inc. will post -0.23 earnings per share for the current year.

CCO has been the subject of several recent research reports. BMO Capital Markets reaffirmed an “average” rating and issued a $17.50 price target on shares of Clear Channel Outdoor in a report on Tuesday, February 12th. Barrington Research reaffirmed a “buy” rating and issued a $6.50 price target on shares of Clear Channel Outdoor in a report on Thursday, April 18th. ValuEngine raised Clear Channel Outdoor from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Zacks Investment Research raised Clear Channel Outdoor from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a report on Thursday, January 3rd. Finally, TheStreet raised Clear Channel Outdoor from a “d” rating to a “c-” rating in a report on Friday, March 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Clear Channel Outdoor has a consensus rating of “Hold” and an average target price of $10.00.

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Clear Channel Outdoor Profile

Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces in the United States and internationally. It operates through two segments, Americas Outdoor Advertising and International Outdoor Advertising. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; and other displays comprising spectaculars and wallscapes, as well as retail and other small displays.

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Institutional Ownership by Quarter for Clear Channel Outdoor (NYSE:CCO)

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