Tudor Investment Corp ET AL Cuts Stake in Clear Channel Outdoor Holdings, Inc. (CCO)

Tudor Investment Corp ET AL cut its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,833 shares of the business services provider’s stock after selling 300 shares during the period. Tudor Investment Corp ET AL’s holdings in Clear Channel Outdoor Holdings were worth $132,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Gallagher Fiduciary Advisors LLC increased its position in 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 in the last quarter. Alliancebernstein L.P. boosted its stake in 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 last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in 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 last quarter. Phoenix Investment Adviser LLC bought a new stake in Clear Channel Outdoor Holdings during the first quarter worth about $392,000. Finally, Gabelli Funds LLC boosted its stake in Clear Channel Outdoor Holdings by 0.7% in the first quarter. Gabelli Funds LLC now owns 2,773,144 shares of the business services provider’s stock worth $16,778,000 after buying an additional 20,000 shares during the last quarter. 9.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Clear Channel Outdoor Holdings, Inc. (CCO) traded down 2.41% during trading on Friday, reaching $4.05. The company had a trading volume of 133,299 shares. Clear Channel Outdoor Holdings, Inc. has a 52-week low of $3.35 and a 52-week high of $7.31. The firm has a market capitalization of $1.46 billion, a P/E ratio of 40.50 and a beta of 1.51. The company has a 50 day moving average of $4.63 and a 200-day moving average of $4.91.

Clear Channel Outdoor Holdings (NYSE:CCO) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Clear Channel Outdoor Holdings had a negative return on equity of 3.35% and a net margin of 1.40%. The company had revenue of $672.32 million during the quarter, compared to the consensus estimate of $672.22 million. Equities analysts expect that Clear Channel Outdoor Holdings, Inc. will post ($0.09) earnings per share for the current year.

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

Clear Channel Outdoor Holdings Company 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).

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

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