Fore Capital LLC Has $66,000 Holdings in Clear Channel Outdoor Holdings, Inc. $CCO

Fore Capital LLC lessened its holdings in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 92.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the business services provider’s stock after selling 380,000 shares during the quarter. Fore Capital LLC’s holdings in Clear Channel Outdoor were worth $66,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CCO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Clear Channel Outdoor by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 211,124 shares of the business services provider’s stock worth $234,000 after buying an additional 8,976 shares during the period. Millennium Management LLC raised its stake in Clear Channel Outdoor by 22.9% during the 1st quarter. Millennium Management LLC now owns 4,893,895 shares of the business services provider’s stock worth $5,432,000 after buying an additional 912,632 shares during the period. JPMorgan Chase & Co. raised its stake in Clear Channel Outdoor by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,775,078 shares of the business services provider’s stock worth $7,927,000 after buying an additional 59,366 shares during the period. Russell Investments Group Ltd. raised its stake in Clear Channel Outdoor by 2.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 561,802 shares of the business services provider’s stock worth $657,000 after buying an additional 14,855 shares during the period. Finally, Jump Financial LLC acquired a new stake in Clear Channel Outdoor during the 2nd quarter worth $587,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CCO shares. TD Cowen reaffirmed a “hold” rating and set a $2.43 price objective (down from $2.50) on shares of Clear Channel Outdoor in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clear Channel Outdoor in a research note on Friday, March 27th. Finally, Wells Fargo & Company increased their target price 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 investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $2.29.

Clear Channel Outdoor Price Performance

Shares of NYSE CCO opened at $2.41 on Friday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -13.36 and a beta of 1.96. The business has a 50-day moving average of $2.39 and a 200-day moving average of $2.25. Clear Channel Outdoor Holdings, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2.43.

Clear Channel Outdoor (NYSE:CCO) last issued its earnings results on Tuesday, May 5th. The business services provider reported ($0.10) earnings per share (EPS) 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 expect that Clear Channel Outdoor Holdings, Inc. will post -0.04 EPS for the current 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.