Price T Rowe Associates Inc. MD Buys 17,901 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Price T Rowe Associates Inc. MD boosted its position in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 5.9% during the 1st quarter, HoldingsChannel reports. The fund owned 322,600 shares of the business services provider’s stock after buying an additional 17,901 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Clear Channel Outdoor were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CCO. Gabelli Funds LLC increased its position in shares of Clear Channel Outdoor by 6.6% during the first quarter. Gabelli Funds LLC now owns 2,275,000 shares of the business services provider’s stock valued at $3,754,000 after purchasing an additional 140,000 shares during the period. Gamco Investors INC. ET AL boosted its stake in Clear Channel Outdoor by 21.7% during the first quarter. Gamco Investors INC. ET AL now owns 3,429,000 shares of the business services provider’s stock worth $5,658,000 after buying an additional 610,500 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Clear Channel Outdoor by 8.6% in the 1st quarter. Russell Investments Group Ltd. now owns 290,550 shares of the business services provider’s stock valued at $479,000 after buying an additional 23,067 shares during the period. BNP Paribas Financial Markets increased its holdings in Clear Channel Outdoor by 63.3% in the 1st quarter. BNP Paribas Financial Markets now owns 212,246 shares of the business services provider’s stock valued at $350,000 after buying an additional 82,286 shares during the period. Finally, CCG Wealth Management LLC acquired a new position in shares of Clear Channel Outdoor in the 1st quarter valued at $46,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

Clear Channel Outdoor Price Performance

Clear Channel Outdoor stock opened at $1.43 on Wednesday. The firm has a market capitalization of $696.41 million, a P/E ratio of -1.85 and a beta of 3.09. The stock has a fifty day moving average price of $1.51 and a two-hundred day moving average price of $1.57. Clear Channel Outdoor Holdings, Inc. has a 52-week low of $1.04 and a 52-week high of $2.06.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and set a $2.50 target price on shares of Clear Channel Outdoor in a research report on Monday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.16.

Insider Buying and Selling

In other Clear Channel Outdoor news, major shareholder Pacific Investment Management sold 46,959 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1.69, for a total value of $79,360.71. Following the transaction, the insider now directly owns 104,812,998 shares in the company, valued at $177,133,966.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.53% of the stock is currently owned by corporate insiders.

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.