Clear Channel Outdoor Holdings, Inc. $CCO Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its stake in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 5.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,349,875 shares of the business services provider’s stock after buying an additional 357,700 shares during the quarter. Gamco Investors INC. ET AL owned approximately 1.48% of Clear Channel Outdoor worth $11,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanders Morris Harris LLC acquired a new stake in Clear Channel Outdoor in the third quarter valued at approximately $25,000. CWM LLC raised its stake in shares of Clear Channel Outdoor by 97.9% during the 3rd quarter. CWM LLC now owns 16,675 shares of the business services provider’s stock worth $26,000 after buying an additional 8,248 shares during the period. Burney Co. purchased a new position in shares of Clear Channel Outdoor during the 3rd quarter valued at approximately $32,000. Advisors Capital Management LLC lifted its position in shares of Clear Channel Outdoor by 91.7% during the 3rd quarter. Advisors Capital Management LLC now owns 23,000 shares of the business services provider’s stock valued at $36,000 after buying an additional 11,000 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Clear Channel Outdoor by 106.8% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 30,811 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 15,911 shares during the period. 85.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Cowen set a $2.50 price objective on shares of Clear Channel Outdoor in a research report on Tuesday, February 10th. Wells Fargo & Company lifted their target price on shares of Clear Channel Outdoor from $2.00 to $2.43 and gave the company an “equal weight” rating in a research report on Friday, February 27th. Morgan Stanley set a $2.00 target price on shares of Clear Channel Outdoor in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Clear Channel Outdoor in a research report on Monday, December 29th. Finally, Zacks Research cut Clear Channel Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $2.31.

Clear Channel Outdoor Trading Down 0.4%

CCO stock opened at $2.38 on Friday. The firm has a 50-day moving average of $2.22 and a two-hundred day moving average of $1.87. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $0.81 and a 12 month high of $2.43. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 47.61 and a beta of 2.30.

Clear Channel Outdoor (NYSE:CCO) last issued its earnings results on Thursday, February 26th. The business services provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $461.52 million for the quarter, compared to analyst estimates of $449.10 million.

Clear Channel Outdoor Company Profile

Clear Channel Outdoor Holdings, Inc (NYSE: CCO) is a global leader in out-of-home advertising, offering a wide range of static and digital displays across high-traffic environments. The company’s portfolio encompasses traditional roadside billboards, street furniture panels, transit advertising on buses and rail systems, and rapidly expanding digital networks. By combining broad geographic reach with state-of-the-art digital technology, Clear Channel Outdoor enables brands to engage consumers at key moments during their daily journeys.

Founded as a spin-off from Clear Channel Communications in 2005, Clear Channel Outdoor traces its origins to the early development of outdoor advertising in North America.