Dynamic Technology Lab Private Ltd Takes Position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,677 shares of the business services provider’s stock, valued at approximately $65,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC bought a new position in shares of Clear Channel Outdoor during the 3rd quarter valued at approximately $32,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Clear Channel Outdoor during the 3rd quarter valued at approximately $34,000. Ground Swell Capital LLC bought a new position in shares of Clear Channel Outdoor during the 3rd quarter valued at approximately $34,000. Stratos Wealth Advisors LLC bought a new position in Clear Channel Outdoor in the 3rd quarter worth approximately $40,000. Finally, Point72 DIFC Ltd bought a new position in Clear Channel Outdoor in the 2nd quarter worth approximately $55,000. 85.52% of the stock is owned by institutional investors.

Clear Channel Outdoor Price Performance

Shares of NYSE:CCO opened at $1.56 on Wednesday. The firm has a fifty day moving average price of $1.56 and a two-hundred day moving average price of $1.53. Clear Channel Outdoor Holdings, Inc. has a one year low of $1.29 and a one year high of $2.06.

Analyst Ratings Changes

CCO has been the subject of several analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $2.50 price objective on shares of Clear Channel Outdoor in a report on Thursday, October 31st. Wells Fargo & Company downgraded shares of Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $2.75 to $1.75 in a report on Thursday, September 19th. Finally, TD Cowen cut their price objective on shares of Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating for the company in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $2.16.

Insider Buying and Selling at Clear Channel Outdoor

In related news, major shareholder Arturo R. Moreno acquired 250,000 shares of the stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $1.45 per share, for a total transaction of $362,500.00. Following the transaction, the insider now owns 52,182,534 shares in the company, valued at $75,664,674.30. This represents a 0.48 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 7.20% of the company’s stock.

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.