CLEAR CHANNEL O/SH (NYSE:CCO) CEO Scott Wells Purchases 15,000 Shares

CLEAR CHANNEL O/SH (NYSE:CCO) CEO Scott Wells bought 15,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of $2.36 per share, for a total transaction of $35,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of CLEAR CHANNEL O/SH stock traded down $0.02 during trading hours on Friday, reaching $2.24. 7,883,117 shares of the company were exchanged, compared to its average volume of 1,470,990. CLEAR CHANNEL O/SH has a 1 year low of $2.06 and a 1 year high of $6.38. The stock’s fifty day moving average is $3.69 and its 200 day moving average is $4.83. The firm has a market cap of $1.10 billion, a PE ratio of -3.86 and a beta of 0.72.

A number of analysts have issued reports on the company. ValuEngine lowered CLEAR CHANNEL O/SH from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised CLEAR CHANNEL O/SH from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research report on Friday, August 9th. Raymond James reaffirmed an “average” rating and set a $16.00 price objective on shares of CLEAR CHANNEL O/SH in a research report on Friday, July 26th. TheStreet lowered CLEAR CHANNEL O/SH from a “c-” rating to a “d” rating in a research report on Tuesday, May 7th. Finally, Barrington Research reaffirmed a “buy” rating and set a $6.50 price objective on shares of CLEAR CHANNEL O/SH in a research report on Monday, April 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $10.63.

Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its position in shares of CLEAR CHANNEL O/SH by 56.4% during the fourth quarter. Legal & General Group Plc now owns 8,116 shares of the business services provider’s stock worth $42,000 after acquiring an additional 2,927 shares during the period. Corient Capital Partners LLC acquired a new position in shares of CLEAR CHANNEL O/SH during the first quarter worth $71,000. Zazove Associates LLC grew its stake in shares of CLEAR CHANNEL O/SH by 19.2% during the second quarter. Zazove Associates LLC now owns 538,716 shares of the business services provider’s stock worth $3,115,000 after purchasing an additional 86,845 shares in the last quarter. Northern Trust Corp grew its stake in shares of CLEAR CHANNEL O/SH by 1.5% during the fourth quarter. Northern Trust Corp now owns 574,659 shares of the business services provider’s stock worth $2,982,000 after purchasing an additional 8,301 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of CLEAR CHANNEL O/SH during the fourth quarter worth $70,000. 9.22% of the stock is currently owned by institutional investors and hedge funds.

CLEAR CHANNEL O/SH Company Profile

Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces in the United States and internationally. It operates through 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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