Raymond White Sells 23,435,796 Shares of Clear Channel Outdoor (NYSE:CCO) Stock

Posted by Brenda Bartman on Jun 13th, 2026

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO – Get Free Report) Director Raymond White sold 23,435,796 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $2.40, for a total value of $56,245,910.40. Following the completion of the transaction, the director owned 187,371 shares in the company, valued at $449,690.40. The trade was a 99.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Clear Channel Outdoor Stock Up 0.2%

Shares of NYSE CCO opened at $2.41 on Friday. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $1.00 and a twelve month high of $2.43. The stock’s 50 day moving average price is $2.39 and its 200-day moving average price is $2.27. The company has a market capitalization of $1.22 billion, a PE ratio of -13.36 and a beta of 1.96.

Clear Channel Outdoor (NYSE:CCO – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $373.86 million for the quarter, compared to the consensus estimate of $348.71 million. As a group, research analysts expect that Clear Channel Outdoor Holdings, Inc. will post -0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Clear Channel Outdoor

Several institutional investors have recently added to or reduced their stakes in the business. Benefit Street Partners LLC bought a new stake in shares of Clear Channel Outdoor during the fourth quarter valued at about $3,310,000. Contrarian Capital Management L.L.C. increased its position in shares of Clear Channel Outdoor by 73.6% during the third quarter. Contrarian Capital Management L.L.C. now owns 2,521,871 shares of the business services provider’s stock valued at $3,985,000 after buying an additional 1,069,257 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of Clear Channel Outdoor during the third quarter valued at about $948,000. EVR Research LP bought a new stake in shares of Clear Channel Outdoor during the third quarter valued at about $3,950,000. Finally, Cove Street Capital LLC increased its position in shares of Clear Channel Outdoor by 59.9% during the third quarter. Cove Street Capital LLC now owns 1,642,567 shares of the business services provider’s stock valued at $2,595,000 after buying an additional 615,451 shares during the period. 85.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCO has been the topic of a number of research analyst reports. TD Cowen reissued a “hold” rating and issued a $2.43 price target (down from $2.50) on shares of Clear Channel Outdoor in a report on Monday, April 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Clear Channel Outdoor in a report on Friday, March 27th. 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 report on Friday, February 27th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $2.29.

View Our Latest Stock Report on Clear Channel Outdoor

Clear Channel Outdoor Company Profile

(Get Free Report)

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.