Inspire Investing LLC Buys 28,904 Shares of Clear Channel Outdoor Holdings, Inc. $CCO

Inspire Investing LLC raised its stake in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 9.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,913 shares of the business services provider’s stock after acquiring an additional 28,904 shares during the period. Inspire Investing LLC owned about 0.07% of Clear Channel Outdoor worth $392,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. EntryPoint Capital LLC bought a new position in Clear Channel Outdoor during the 1st quarter valued at $31,000. Teacher Retirement System of Texas bought a new position in Clear Channel Outdoor during the 1st quarter valued at $39,000. XTX Topco Ltd lifted its stake in Clear Channel Outdoor by 20.7% during the 1st quarter. XTX Topco Ltd now owns 100,929 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 17,292 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Clear Channel Outdoor by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 211,124 shares of the business services provider’s stock valued at $234,000 after acquiring an additional 8,976 shares in the last quarter. Finally, AEGON USA Investment Management LLC increased its position in shares of Clear Channel Outdoor by 11.4% during the 1st quarter. AEGON USA Investment Management LLC now owns 240,310 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 24,503 shares during the last quarter. 85.52% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Arturo R. Moreno bought 1,000,000 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $1.07 per share, for a total transaction of $1,070,000.00. Following the purchase, the insider directly owned 65,612,859 shares in the company, valued at $70,205,759.13. This trade represents a 1.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ares Management Llc sold 13,000,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $1.13, for a total value of $14,690,000.00. Following the completion of the transaction, the insider owned 41,197,491 shares of the company’s stock, valued at approximately $46,553,164.83. This represents a 23.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 1,478,507 shares of company stock valued at $1,591,573. 7.20% of the stock is owned by corporate insiders.

Clear Channel Outdoor Stock Performance

Shares of CCO opened at $1.31 on Tuesday. The business has a 50-day moving average of $1.32 and a 200 day moving average of $1.18. Clear Channel Outdoor Holdings, Inc. has a fifty-two week low of $0.81 and a fifty-two week high of $1.69. The firm has a market cap of $648.60 million, a P/E ratio of 32.63 and a beta of 2.64.

Clear Channel Outdoor (NYSE:CCO) last announced its quarterly earnings data on Tuesday, August 5th. The business services provider reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $402.81 million during the quarter, compared to analysts’ expectations of $397.37 million. Clear Channel Outdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Analysts Set New Price Targets

CCO has been the subject of several research analyst reports. TD Cowen raised their target price on Clear Channel Outdoor from $1.60 to $2.50 and gave the company a “buy” rating in a research report on Thursday, September 25th. Citigroup raised their target price on Clear Channel Outdoor from $1.25 to $1.35 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clear Channel Outdoor in a research report on Wednesday, October 8th. UBS Group set a $2.50 target price on Clear Channel Outdoor in a research report on Thursday, September 25th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of Clear Channel Outdoor in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $2.12.

Clear Channel Outdoor Profile

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.