Swiss National Bank Sells 42,800 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Swiss National Bank reduced its holdings in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 9.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 432,800 shares of the business services provider’s stock after selling 42,800 shares during the period. Swiss National Bank’s holdings in Clear Channel Outdoor were worth $593,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Permanent Capital Management LP bought a new stake in shares of Clear Channel Outdoor in the 4th quarter valued at approximately $477,000. Empowered Funds LLC bought a new stake in Clear Channel Outdoor in the fourth quarter valued at $216,000. Jacksonville Wealth Management LLC bought a new position in shares of Clear Channel Outdoor during the fourth quarter valued at $62,000. Inspire Investing LLC grew its holdings in shares of Clear Channel Outdoor by 13.6% in the 4th quarter. Inspire Investing LLC now owns 291,121 shares of the business services provider’s stock worth $399,000 after purchasing an additional 34,759 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Clear Channel Outdoor by 31.2% in the 4th quarter. SG Americas Securities LLC now owns 294,947 shares of the business services provider’s stock worth $404,000 after purchasing an additional 70,196 shares during the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.

Wall Street Analyst Weigh In

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

Clear Channel Outdoor Stock Performance

Shares of CCO opened at $1.11 on Friday. The stock has a fifty day moving average price of $1.30 and a two-hundred day moving average price of $1.45. The company has a market cap of $541.51 million, a price-to-earnings ratio of -3.81 and a beta of 3.05. Clear Channel Outdoor Holdings, Inc. has a 52-week low of $1.09 and a 52-week high of $1.88.

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.