CLEAR CHANNEL O/SH (NYSE:CCO) CFO Brian D. Coleman purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $2.44 per share, for a total transaction of $48,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE CCO traded down $0.02 during mid-day trading on Friday, hitting $2.24. The company had a trading volume of 7,882,900 shares, compared to its average volume of 7,047,168. The company has a market capitalization of $1.12 billion, a PE ratio of -3.86 and a beta of 0.72. CLEAR CHANNEL O/SH has a 1-year low of $2.06 and a 1-year high of $6.38. The business’s 50-day simple moving average is $3.64 and its 200 day simple moving average is $4.81.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc raised its stake in shares of CLEAR CHANNEL O/SH by 56.4% in the fourth quarter. Legal & General Group Plc now owns 8,116 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 2,927 shares in the last quarter. Corient Capital Partners LLC acquired a new stake in CLEAR CHANNEL O/SH in the first quarter valued at $71,000. Zazove Associates LLC raised its stake in CLEAR CHANNEL O/SH by 19.2% in the second quarter. Zazove Associates LLC now owns 538,716 shares of the business services provider’s stock valued at $3,115,000 after buying an additional 86,845 shares in the last quarter. Northern Trust Corp raised its stake in CLEAR CHANNEL O/SH by 1.5% in the fourth quarter. Northern Trust Corp now owns 574,659 shares of the business services provider’s stock valued at $2,982,000 after buying an additional 8,301 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in CLEAR CHANNEL O/SH in the fourth quarter valued at $70,000. Institutional investors and hedge funds own 9.22% of the company’s stock.
About CLEAR CHANNEL O/SH
Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces in the United States and internationally. It operates through two segments, Americas Outdoor Advertising and International Outdoor Advertising. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; and other displays comprising spectaculars and wallscapes, as well as retail and other small displays.
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