Shares are trading at $4.30 which is just a bit higher than the 50 day moving average which is $4.02 and which is just a bit below the 200 day moving average of $4.99. The 50 day moving average was up by +6.99% and the 200 day average was down $-0.69. 84K shares changed hands by the end of trading on Thursday. Overall, volume was down 30.93% under the stocks normal daily volume.
Clear Channel Outdoor Holdings, (NYSE:CCO) has been the object of insider buying activity recently. Scott Wells, See Remarks purchased $20,650 worth of shares at an average price of $4.13 on Fri the 4th. The See Remarks now owns $209,928 of the stock as recorded in a recent Form 4 SEC filing.
Here are a few other firms who have also updated their positions. As of the end of the quarter Tower Research Capital LLC (trc) had bought 9,617 shares growing its position 427.2%. The value of the investment in Clear Channel Outdoor Holdings, increased from $11,000 to $72,000 increasing 554.5% for the reporting period. Goldman Sachs Group Inc reduced its holdings by selling 13,440 shares a decrease of 42.1% as of 03/31/2017. Goldman Sachs Group Inc now holds 18,473 shares with a value of $112,000. The total value of its holdings decreased 30.4%.
Canyon Capital Advisors LLC downsized its investment by shedding 16,280 shares a decrease of 0.5% in the quarter. Canyon Capital Advisors LLC owns 3,086,807 shares valued at $18,675,000. The value of the position overall is up by 19.2%. Blackstone Group L.p. trimmed its stake by shedding 1,064,545 shares a decrease of 31.8% from 12/31/2016 to 03/31/2017. Blackstone Group L.p. currently owns 2,281,395 shares worth $13,802,000. The total value of its holdings decreased 18.3%.
On November 3 the company was upgraded to “Hold” from “Sell” and a price target of $5.50 was set in an announcement from Loop Capital. On September 13, 2016 Loop Capital began coverage giving it an initial rating of “Sell”.
On May 13 the stock rating was downgraded from “” to “Sell” by Evercore ISI Group. On May 5 Wedbush maintained a company rating of “Neutral” and moved down the price target to $6.00 from $9.50.
On February 17 the stock rating was downgraded from “Buy” to “Sell” in a report issued by Topeka Capital. On January 11 analysts at Moffettnathanson began coverage of CCO by announcing an initial rating of “Buy” and a price target of $98.00.
The company is now down since yesterday’s close of $4.35. In the last earnings report the EPS was $-0.08 and is expected to be $-0.11 for the current year with 360,753,000 shares currently outstanding. Next quarter’s EPS is forecasted at $-0.06 and the next full year EPS is projected to be $-0.14.
Clear Channel Outdoor Holdings, Inc., launched on August 11, 1995, is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. The Business’s segments include Americas outdoor advertising (Americas) and International outdoor advertising (International). As of December 31, 2016, the Company owned or operated over 590,000 advertising displays across the world..