Clear Channel Outdoor Holdings, Inc. (CCO) Position Increased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 936,900 shares of the business services provider’s stock after buying an additional 40,800 shares during the period. Renaissance Technologies LLC owned approximately 0.26% of Clear Channel Outdoor Holdings worth $5,668,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Mariner Investment Group LLC increased its position in shares of Clear Channel Outdoor Holdings by 42.1% in the first quarter. Mariner Investment Group LLC now owns 250,630 shares of the business services provider’s stock worth $1,516,000 after buying an additional 74,300 shares during the period. Gallagher Fiduciary Advisors LLC increased its position in shares of Clear Channel Outdoor Holdings by 18.5% in the first quarter. Gallagher Fiduciary Advisors LLC now owns 564,193 shares of the business services provider’s stock worth $3,413,000 after buying an additional 88,000 shares during the period. Alliancebernstein L.P. increased its position in shares of Clear Channel Outdoor Holdings by 2.3% in the first quarter. Alliancebernstein L.P. now owns 122,601 shares of the business services provider’s stock worth $742,000 after buying an additional 2,800 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Clear Channel Outdoor Holdings by 16.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,765 shares of the business services provider’s stock worth $126,000 after buying an additional 3,000 shares during the period. Finally, Phoenix Investment Adviser LLC acquired a new position in shares of Clear Channel Outdoor Holdings during the first quarter worth about $392,000. 9.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) opened at 4.05 on Friday. The stock has a market cap of $1.46 billion, a PE ratio of 40.50 and a beta of 1.51. Clear Channel Outdoor Holdings, Inc. has a 1-year low of $3.35 and a 1-year high of $7.31. The stock’s 50 day moving average price is $4.63 and its 200 day moving average price is $4.91.

Clear Channel Outdoor Holdings (NYSE:CCO) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The business had revenue of $672.32 million during the quarter, compared to analyst estimates of $672.22 million. Clear Channel Outdoor Holdings had a negative return on equity of 3.35% and a net margin of 1.40%. On average, equities research analysts anticipate that Clear Channel Outdoor Holdings, Inc. will post ($0.09) EPS for the current fiscal year.

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A number of brokerages recently issued reports on CCO. Zacks Investment Research raised Clear Channel Outdoor Holdings from a “hold” rating to a “strong-buy” rating and set a $6.00 price target for the company in a report on Friday, July 28th. TheStreet cut Clear Channel Outdoor Holdings from a “c” rating to a “d” rating in a research note on Thursday, May 4th. BidaskClub upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, ValuEngine upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Six analysts have rated the stock with a hold rating, Clear Channel Outdoor Holdings currently has an average rating of “Hold” and a consensus price target of $7.81.

About Clear Channel Outdoor Holdings

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).

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

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