Anson Funds Management LP Has $22.97 Million Position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Anson Funds Management LP lowered its holdings in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,765,506 shares of the business services provider’s stock after selling 623,748 shares during the period. Clear Channel Outdoor comprises 2.3% of Anson Funds Management LP’s holdings, making the stock its 10th largest holding. Anson Funds Management LP’s holdings in Clear Channel Outdoor were worth $22,969,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in Clear Channel Outdoor by 271.2% in the 3rd quarter. Barclays PLC now owns 520,663 shares of the business services provider’s stock valued at $833,000 after acquiring an additional 380,408 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Clear Channel Outdoor by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider’s stock worth $10,818,000 after purchasing an additional 54,566 shares during the period. SG Americas Securities LLC raised its holdings in Clear Channel Outdoor by 31.2% during the 4th quarter. SG Americas Securities LLC now owns 294,947 shares of the business services provider’s stock valued at $404,000 after acquiring an additional 70,196 shares during the period. Inspire Investing LLC grew its holdings in Clear Channel Outdoor by 13.6% during the 4th quarter. Inspire Investing LLC now owns 291,121 shares of the business services provider’s stock valued at $399,000 after buying an additional 34,759 shares in the last quarter. Finally, Jacksonville Wealth Management LLC bought a new position in Clear Channel Outdoor in the 4th quarter valued at $62,000. Institutional investors own 85.52% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Arturo R. Moreno bought 29,289 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $0.94 per share, for a total transaction of $27,531.66. Following the purchase, the insider now directly owns 61,445,196 shares of the company’s stock, valued at approximately $57,758,484.24. This trade represents a 0.05 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased 7,350,634 shares of company stock worth $7,065,918 in the last three months. 7.70% of the stock is owned by insiders.

Clear Channel Outdoor Price Performance

Shares of CCO opened at $1.08 on Friday. Clear Channel Outdoor Holdings, Inc. has a 1 year low of $0.81 and a 1 year high of $1.88. The stock has a market capitalization of $529.26 million, a price-to-earnings ratio of -3.72 and a beta of 2.72. The business’s 50 day simple moving average is $1.09 and its 200-day simple moving average is $1.34.

Clear Channel Outdoor (NYSE:CCO) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. The company had revenue of $334.18 million during the quarter, compared to the consensus estimate of $337.70 million.

Analyst Ratings Changes

A number of research firms have recently issued reports on CCO. Morgan Stanley cut their price objective on Clear Channel Outdoor from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Thursday. Barrington Research downgraded shares of Clear Channel Outdoor from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 23rd.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.