Clear Channel Outdoor (CCO) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Clear Channel Outdoor (NYSE:CCO) by 117.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 82,727 shares of the business services provider’s stock after buying an additional 44,620 shares during the quarter. Deutsche Bank AG’s holdings in Clear Channel Outdoor were worth $379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCO. The Manufacturers Life Insurance Company raised its holdings in shares of Clear Channel Outdoor by 112.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 40,868 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 21,674 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Clear Channel Outdoor by 129.5% during the fourth quarter. Wells Fargo & Company MN now owns 43,873 shares of the business services provider’s stock valued at $202,000 after purchasing an additional 24,758 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Clear Channel Outdoor by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 208,063 shares of the business services provider’s stock valued at $956,000 after purchasing an additional 18,514 shares during the period. AEGON USA Investment Management LLC raised its holdings in shares of Clear Channel Outdoor by 10.3% during the fourth quarter. AEGON USA Investment Management LLC now owns 517,047 shares of the business services provider’s stock valued at $2,378,000 after purchasing an additional 48,228 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Clear Channel Outdoor by 8.0% during the third quarter. Dimensional Fund Advisors LP now owns 532,312 shares of the business services provider’s stock valued at $2,475,000 after purchasing an additional 39,499 shares during the period. Hedge funds and other institutional investors own 8.94% of the company’s stock.

CCO opened at $4.65 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of -2.86. Clear Channel Outdoor has a fifty-two week low of $4.65 and a fifty-two week high of $4.70. The stock has a market capitalization of $1.69 billion, a P/E ratio of 232.50 and a beta of 1.66.

Several equities analysts have recently weighed in on CCO shares. Zacks Investment Research upgraded shares of Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Cleveland Research lowered shares of Clear Channel Outdoor from a “buy” rating to a “neutral” rating in a report on Friday, February 9th. Finally, ValuEngine lowered shares of Clear Channel Outdoor from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.33.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces in the United States and internationally. It operates in two segments, Americas Outdoor Advertising and International Outdoor Advertising. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; and other displays comprising spectaculars and wallscapes, as well as retail and other small displays.

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

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