Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 2.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 741,522 shares of the business services provider’s stock after selling 17,491 shares during the period. Victory Capital Management Inc.’s holdings in Clear Channel Outdoor were worth $1,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CCO. Cerity Partners LLC acquired a new position in shares of Clear Channel Outdoor during the 3rd quarter worth $1,730,000. Jane Street Group LLC raised its stake in Clear Channel Outdoor by 56.7% in the 3rd quarter. Jane Street Group LLC now owns 1,116,893 shares of the business services provider’s stock valued at $1,787,000 after purchasing an additional 404,082 shares during the last quarter. Barclays PLC raised its stake 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 purchasing an additional 380,408 shares during the last quarter. Algert Global LLC raised its stake in Clear Channel Outdoor by 77.8% in the 3rd quarter. Algert Global LLC now owns 642,620 shares of the business services provider’s stock valued at $1,028,000 after purchasing an additional 281,210 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Clear Channel Outdoor in the 3rd quarter valued at about $300,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and issued a $2.50 target price on shares of Clear Channel Outdoor in a research note on Monday, February 24th.

Clear Channel Outdoor Trading Down 3.0 %

Shares of CCO stock opened at $1.12 on Friday. The firm has a 50-day moving average price of $1.34 and a 200 day moving average price of $1.47. Clear Channel Outdoor Holdings, Inc. has a twelve month low of $1.09 and a twelve month high of $1.88. The company has a market capitalization of $546.41 million, a price-to-earnings ratio of -3.84 and a beta of 3.05.

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.