Advisors Asset Management Inc. lifted its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 4,583.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,493 shares of the business services provider’s stock after purchasing an additional 40,607 shares during the quarter. Advisors Asset Management Inc.’s holdings in Clear Channel Outdoor were worth $193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCO. Alta Fundamental Advisers LLC acquired a new stake in shares of Clear Channel Outdoor during the 2nd quarter worth approximately $2,636,000. Northern Trust Corp grew its stake in shares of Clear Channel Outdoor by 196.3% during the 2nd quarter. Northern Trust Corp now owns 523,856 shares of the business services provider’s stock worth $2,540,000 after purchasing an additional 347,073 shares during the period. Vanguard Group Inc. grew its stake in shares of Clear Channel Outdoor by 12.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,116,152 shares of the business services provider’s stock worth $15,114,000 after purchasing an additional 346,755 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Clear Channel Outdoor by 5.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,696,145 shares of the business services provider’s stock worth $27,626,000 after purchasing an additional 300,142 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Clear Channel Outdoor by 32.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 492,813 shares of the business services provider’s stock worth $2,390,000 after purchasing an additional 119,805 shares during the period. 9.47% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on CCO shares. Zacks Investment Research raised shares of Clear Channel Outdoor from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine raised shares of Clear Channel Outdoor from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Loop Capital dropped their price target on shares of Clear Channel Outdoor from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, November 9th. Finally, Scotiabank reissued a “sell” rating and issued a $12.00 price target on shares of Clear Channel Outdoor in a research note on Monday. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.94.

Shares of Clear Channel Outdoor Holdings, Inc. (CCO) opened at $4.40 on Friday. Clear Channel Outdoor Holdings, Inc. has a one year low of $3.35 and a one year high of $6.35. The stock has a market cap of $1,601.53, a price-to-earnings ratio of 220.00 and a beta of 1.69. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of -4.10.

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Clear Channel Outdoor Profile

Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).

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

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