Barclays PLC reduced its stake in CLEAR CHANNEL O/SH (NYSE:CCO) by 69.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 733,390 shares of the business services provider’s stock after selling 1,701,619 shares during the quarter. Barclays PLC’s holdings in CLEAR CHANNEL O/SH were worth $1,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC purchased a new stake in shares of CLEAR CHANNEL O/SH during the second quarter valued at approximately $26,000. UBS Asset Management Americas Inc. purchased a new stake in shares of CLEAR CHANNEL O/SH in the 2nd quarter worth $47,000. Virtus ETF Advisers LLC purchased a new stake in CLEAR CHANNEL O/SH in the second quarter worth about $49,000. SG Americas Securities LLC increased its holdings in CLEAR CHANNEL O/SH by 71.4% in the 3rd quarter. SG Americas Securities LLC now owns 20,698 shares of the business services provider’s stock worth $52,000 after acquiring an additional 8,621 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of CLEAR CHANNEL O/SH by 882.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 25,180 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 22,616 shares during the period. 96.82% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. ValuEngine upgraded shares of CLEAR CHANNEL O/SH from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup started coverage on CLEAR CHANNEL O/SH in a report on Wednesday, September 4th. They set a “neutral” rating and a $2.70 price target on the stock. Barclays assumed coverage on shares of CLEAR CHANNEL O/SH in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $3.00 price objective for the company. Zacks Investment Research downgraded CLEAR CHANNEL O/SH from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Finally, Cowen assumed coverage on shares of CLEAR CHANNEL O/SH in a research note on Wednesday, September 4th. They set an “outperform” rating and a $3.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. CLEAR CHANNEL O/SH currently has an average rating of “Hold” and a consensus price target of $6.90.

Shares of CCO opened at $2.60 on Friday. CLEAR CHANNEL O/SH has a one year low of $2.06 and a one year high of $5.93. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -4.48 and a beta of 0.75. The stock has a 50 day moving average price of $2.49 and a 200 day moving average price of $3.34.

CLEAR CHANNEL O/SH (NYSE:CCO) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported ($0.46) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.36). The company had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $655.36 million. Sell-side analysts predict that CLEAR CHANNEL O/SH will post -0.67 EPS for the current year.

CLEAR CHANNEL O/SH 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 O/SH (NYSE:CCO)

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