Charles Schwab Investment Management Inc. Cuts Position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 27.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,556,492 shares of the business services provider’s stock after selling 1,693,542 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Clear Channel Outdoor were worth $6,242,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Clear Channel Outdoor by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider’s stock valued at $10,818,000 after purchasing an additional 54,566 shares during the period. Whitebox Advisors LLC raised its holdings in shares of Clear Channel Outdoor by 11.5% during the 3rd quarter. Whitebox Advisors LLC now owns 1,807,486 shares of the business services provider’s stock valued at $2,892,000 after buying an additional 185,700 shares during the period. Jane Street Group LLC raised its holdings in shares of Clear Channel Outdoor by 56.7% during 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 buying an additional 404,082 shares during the period. Cerity Partners LLC acquired a new position in Clear Channel Outdoor during the 3rd quarter worth approximately $1,730,000. Finally, Victory Capital Management Inc. boosted its holdings in Clear Channel Outdoor by 5.4% in the 3rd quarter. Victory Capital Management Inc. now owns 759,013 shares of the business services provider’s stock worth $1,214,000 after acquiring an additional 38,913 shares during the period. Institutional investors and hedge funds own 85.52% of the company’s stock.

Analyst Ratings Changes

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

Clear Channel Outdoor Stock Down 2.1 %

CCO stock opened at $1.16 on Tuesday. The stock’s 50 day moving average is $1.33 and its two-hundred day moving average is $1.46. Clear Channel Outdoor Holdings, Inc. has a 52-week low of $1.09 and a 52-week high of $1.88. The company has a market capitalization of $566.02 million, a PE ratio of -3.98 and a beta of 3.05.

Clear Channel Outdoor Company 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.