AEGON USA Investment Management LLC Acquires 57,881 Shares of Clear Channel Outdoor Holdings, Inc. $CCO

AEGON USA Investment Management LLC increased its holdings in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 24.1% in the second quarter, HoldingsChannel reports. The firm owned 298,191 shares of the business services provider’s stock after buying an additional 57,881 shares during the period. AEGON USA Investment Management LLC’s holdings in Clear Channel Outdoor were worth $349,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Inspire Investing LLC grew its holdings in Clear Channel Outdoor by 5.1% during the first quarter. Inspire Investing LLC now owns 306,009 shares of the business services provider’s stock worth $340,000 after purchasing an additional 14,888 shares during the period. Millennium Management LLC grew its holdings in Clear Channel Outdoor by 22.9% during the first quarter. Millennium Management LLC now owns 4,893,895 shares of the business services provider’s stock worth $5,432,000 after purchasing an additional 912,632 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Clear Channel Outdoor by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 211,124 shares of the business services provider’s stock worth $234,000 after purchasing an additional 8,976 shares during the period. State of Wyoming lifted its position in Clear Channel Outdoor by 33.6% during the first quarter. State of Wyoming now owns 2,129,780 shares of the business services provider’s stock worth $2,364,000 after acquiring an additional 535,316 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Clear Channel Outdoor by 6.9% during the first quarter. Gamco Investors INC. ET AL now owns 6,023,950 shares of the business services provider’s stock worth $6,687,000 after acquiring an additional 387,950 shares during the last quarter. Institutional investors own 85.52% of the company’s stock.

Analysts Set New Price Targets

CCO has been the subject of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Clear Channel Outdoor in a research report on Saturday, September 27th. Cowen restated a “buy” rating on shares of Clear Channel Outdoor in a research report on Thursday, September 25th. UBS Group set a $2.50 price objective on shares of Clear Channel Outdoor in a research report on Thursday, September 25th. TD Cowen raised their price objective on shares of Clear Channel Outdoor from $1.60 to $2.50 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Finally, Morgan Stanley set a $1.75 price objective on shares of Clear Channel Outdoor in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.12.

Clear Channel Outdoor Trading Down 1.0%

NYSE CCO opened at $1.50 on Friday. Clear Channel Outdoor Holdings, Inc. has a 1-year low of $0.81 and a 1-year high of $1.69. The company has a 50 day moving average of $1.28 and a 200-day moving average of $1.17. The company has a market cap of $743.03 million, a price-to-earnings ratio of 37.38 and a beta of 2.64.

Clear Channel Outdoor (NYSE:CCO) last released its quarterly earnings results on Tuesday, August 5th. The business services provider reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $402.81 million during the quarter, compared to analyst estimates of $397.37 million. Clear Channel Outdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Buying and Selling

In related news, major shareholder Ares Management Llc sold 13,000,000 shares of Clear Channel Outdoor stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $1.13, for a total value of $14,690,000.00. Following the transaction, the insider directly owned 41,197,491 shares of the company’s stock, valued at $46,553,164.83. This trade represents a 23.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Arturo R. Moreno acquired 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost of $1.07 per share, for a total transaction of $1,070,000.00. Following the completion of the purchase, the insider directly owned 65,612,859 shares of the company’s stock, valued at $70,205,759.13. The trade was a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 1,478,507 shares of company stock worth $1,591,573 over the last three months. 7.70% of the stock is currently owned by insiders.

Clear Channel Outdoor Company Profile

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.