381,232 Shares in Clear Channel Outdoor Holdings, Inc. $CCO Bought by Centiva Capital LP

Centiva Capital LP purchased a new stake in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 381,232 shares of the business services provider’s stock, valued at approximately $602,000. Centiva Capital LP owned 0.08% of Clear Channel Outdoor as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Clear Channel Outdoor by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 211,124 shares of the business services provider’s stock worth $234,000 after acquiring an additional 8,976 shares during the period. Millennium Management LLC raised its stake in Clear Channel Outdoor by 22.9% during the 1st quarter. Millennium Management LLC now owns 4,893,895 shares of the business services provider’s stock valued at $5,432,000 after purchasing an additional 912,632 shares during the period. Catalyst Funds Management Pty Ltd bought a new stake in Clear Channel Outdoor during the 2nd quarter valued at approximately $218,000. JPMorgan Chase & Co. grew its holdings in Clear Channel Outdoor by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,775,078 shares of the business services provider’s stock valued at $7,927,000 after buying an additional 59,366 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Clear Channel Outdoor by 12.7% during the second quarter. Franklin Resources Inc. now owns 4,437,527 shares of the business services provider’s stock valued at $5,192,000 after buying an additional 498,318 shares during the last quarter. 85.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Clear Channel Outdoor in a report on Monday, December 29th. TD Cowen set a $2.50 price target on shares of Clear Channel Outdoor in a report on Tuesday, February 10th. Finally, Wells Fargo & Company boosted their price target on shares of Clear Channel Outdoor from $2.00 to $2.43 and gave the stock an “equal weight” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Clear Channel Outdoor has a consensus rating of “Reduce” and a consensus price target of $2.31.

Clear Channel Outdoor Trading Up 0.6%

CCO opened at $2.39 on Monday. The stock has a 50-day moving average of $2.24 and a 200 day moving average of $1.92. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $0.81 and a 12 month high of $2.43. The firm has a market cap of $1.19 billion, a P/E ratio of 47.71 and a beta of 2.30.

Clear Channel Outdoor (NYSE:CCO) last posted its quarterly earnings data on Thursday, February 26th. The business services provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $461.52 million during the quarter, compared to the consensus estimate of $449.10 million.

Clear Channel Outdoor 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.