Clear Channel Outdoor Holdings, Inc. (CCO) Position Maintained by California Public Employees Retirement System

California Public Employees Retirement System held its stake in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,300 shares of the business services provider’s stock at the close of the second quarter. California Public Employees Retirement System’s holdings in Clear Channel Outdoor were worth $273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its position in Clear Channel Outdoor by 5.9% during the 1st quarter. Bank of New York Mellon Corp now owns 146,600 shares of the business services provider’s stock worth $887,000 after acquiring an additional 8,192 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Clear Channel Outdoor by 2.3% during the 1st quarter. Alliancebernstein L.P. now owns 122,601 shares of the business services provider’s stock worth $742,000 after purchasing an additional 2,800 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Clear Channel Outdoor by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 2,769,397 shares of the business services provider’s stock worth $16,754,000 after purchasing an additional 151,067 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Clear Channel Outdoor by 8.3% during the 1st quarter. Geode Capital Management LLC now owns 279,116 shares of the business services provider’s stock worth $1,688,000 after purchasing an additional 21,374 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Clear Channel Outdoor by 4.6% during the 1st quarter. Renaissance Technologies LLC now owns 936,900 shares of the business services provider’s stock worth $5,668,000 after purchasing an additional 40,800 shares in the last quarter. Institutional investors and hedge funds own 9.47% of the company’s stock.

A number of equities research analysts have recently issued reports on CCO shares. ValuEngine cut Clear Channel Outdoor from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research cut Clear Channel Outdoor from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, Loop Capital dropped their price objective on Clear Channel Outdoor from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.25.

Shares of Clear Channel Outdoor Holdings, Inc. (CCO) opened at $4.30 on Tuesday. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $3.35 and a 12 month high of $6.35. The stock has a market capitalization of $1,528.73, a P/E ratio of 210.00 and a beta of 1.61. The company has a debt-to-equity ratio of -4.10, a quick ratio of 1.47 and a current ratio of 1.47.

The business also recently disclosed a dividend, which was paid on Tuesday, October 31st. Stockholders of record on Thursday, October 26th were paid a dividend of $0.0687 per share. The ex-dividend date was Wednesday, November 1st.

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Clear Channel Outdoor 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 (NYSE:CCO)

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