CLEAR CHANNEL O/SH (NYSE:CCO) major shareholder Pacific Investment Management sold 14,907 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $0.92, for a total value of $13,714.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Pacific Investment Management also recently made the following trade(s):

  • On Wednesday, July 15th, Pacific Investment Management sold 124,578 shares of CLEAR CHANNEL O/SH stock. The shares were sold at an average price of $0.93, for a total value of $115,857.54.

Shares of NYSE CCO opened at $0.92 on Friday. CLEAR CHANNEL O/SH has a 12 month low of $0.36 and a 12 month high of $3.31. The business has a fifty day simple moving average of $1.04 and a 200-day simple moving average of $1.41.

CLEAR CHANNEL O/SH (NYSE:CCO) last announced its earnings results on Wednesday, May 6th. The business services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.12). The firm had revenue of $550.81 million during the quarter, compared to analyst estimates of $522.10 million. On average, research analysts anticipate that CLEAR CHANNEL O/SH will post -1.19 earnings per share for the current fiscal year.

CCO has been the subject of several research analyst reports. ValuEngine upgraded CLEAR CHANNEL O/SH from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Zacks Investment Research upgraded CLEAR CHANNEL O/SH from a “sell” rating to a “hold” rating in a report on Thursday, May 28th. Citigroup upgraded CLEAR CHANNEL O/SH from a “neutral” rating to a “buy” rating and upped their price objective for the company from $0.90 to $1.60 in a report on Wednesday, June 24th. Wells Fargo & Co upped their price objective on CLEAR CHANNEL O/SH from $1.00 to $2.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, Royal Bank of Canada cut their price objective on CLEAR CHANNEL O/SH from $15.00 to $14.00 and set a “sector perform” rating for the company in a report on Thursday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. CLEAR CHANNEL O/SH presently has an average rating of “Hold” and an average price target of $5.16.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in CLEAR CHANNEL O/SH by 0.5% during the first quarter. BlackRock Inc. now owns 17,252,120 shares of the business services provider’s stock valued at $11,041,000 after buying an additional 93,182 shares during the period. Jane Street Group LLC acquired a new position in CLEAR CHANNEL O/SH during the first quarter valued at $300,000. Invesco Ltd. raised its position in CLEAR CHANNEL O/SH by 16.9% during the first quarter. Invesco Ltd. now owns 2,647,510 shares of the business services provider’s stock valued at $1,695,000 after buying an additional 383,472 shares during the period. Bank of America Corp DE raised its position in CLEAR CHANNEL O/SH by 16.5% during the fourth quarter. Bank of America Corp DE now owns 552,698 shares of the business services provider’s stock valued at $1,581,000 after buying an additional 78,305 shares during the period. Finally, JPMorgan Chase & Co. raised its position in CLEAR CHANNEL O/SH by 1.3% during the first quarter. JPMorgan Chase & Co. now owns 8,195,429 shares of the business services provider’s stock valued at $5,246,000 after buying an additional 103,986 shares during the period. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

About CLEAR CHANNEL O/SH

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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