JPMorgan Chase & Co. Acquires 300,142 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

JPMorgan Chase & Co. boosted its holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,696,145 shares of the business services provider’s stock after acquiring an additional 300,142 shares during the quarter. JPMorgan Chase & Co. owned 1.58% of Clear Channel Outdoor Holdings worth $27,626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mariner Investment Group LLC lifted its position in shares of Clear Channel Outdoor Holdings by 42.1% during the first quarter. Mariner Investment Group LLC now owns 250,630 shares of the business services provider’s stock worth $1,516,000 after purchasing an additional 74,300 shares in the last quarter. Laurion Capital Management LP acquired a new position in shares of Clear Channel Outdoor Holdings during the first quarter worth approximately $215,000. Vanguard Group Inc. lifted its position in shares of Clear Channel Outdoor Holdings by 5.8% during the first quarter. Vanguard Group Inc. now owns 2,769,397 shares of the business services provider’s stock worth $16,754,000 after purchasing an additional 151,067 shares in the last quarter. Blue Sky Asset Management LLC acquired a new position in shares of Clear Channel Outdoor Holdings during the first quarter worth approximately $1,453,000. Finally, Gallagher Fiduciary Advisors LLC lifted its position in shares of Clear Channel Outdoor Holdings by 18.5% during the first quarter. Gallagher Fiduciary Advisors LLC now owns 564,193 shares of the business services provider’s stock worth $3,413,000 after purchasing an additional 88,000 shares in the last quarter. 9.64% of the stock is currently owned by institutional investors and hedge funds.

Clear Channel Outdoor Holdings, Inc. (NYSE CCO) opened at 4.10 on Tuesday. The company has a 50-day moving average of $4.20 and a 200 day moving average of $4.76. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 41.00 and a beta of 1.55. Clear Channel Outdoor Holdings, Inc. has a one year low of $3.35 and a one year high of $6.35.

Clear Channel Outdoor Holdings (NYSE:CCO) last posted its earnings results on Thursday, August 3rd. The business services provider reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Clear Channel Outdoor Holdings had a net margin of 1.40% and a negative return on equity of 3.35%. The business had revenue of $672.32 million for the quarter, compared to the consensus estimate of $672.22 million. On average, analysts anticipate that Clear Channel Outdoor Holdings, Inc. will post ($0.09) EPS for the current year.

A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Clear Channel Outdoor Holdings from a “hold” rating to a “strong-buy” rating and set a $6.00 target price on the stock in a research report on Friday, July 28th. Finally, BidaskClub upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $7.81.

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Other hedge funds and other institutional investors have also bought and sold shares of the company. Mariner Investment Group LLC lifted its position in shares of Clear Channel Outdoor Holdings by 42.1% during the first quarter. Mariner Investment Group LLC now owns 250,630 shares of the business services provider’s stock worth $1,516,000 after purchasing an additional 74,300 shares in the last quarter. Laurion Capital Management LP acquired a new position in shares of Clear Channel Outdoor Holdings during the first quarter worth approximately $215,000. Vanguard Group Inc. lifted its position in shares of Clear Channel Outdoor Holdings by 5.8% during the first quarter. Vanguard Group Inc. now owns 2,769,397 shares of the business services provider’s stock worth $16,754,000 after purchasing an additional 151,067 shares in the last quarter. Blue Sky Asset Management LLC acquired a new position in shares of Clear Channel Outdoor Holdings during the first quarter worth approximately $1,453,000. Finally, Gallagher Fiduciary Advisors LLC lifted its position in shares of Clear Channel Outdoor Holdings by 18.5% during the first quarter. Gallagher Fiduciary Advisors LLC now owns 564,193 shares of the business services provider’s stock worth $3,413,000 after purchasing an additional 88,000 shares in the last quarter. 9.64% of the stock is currently owned by institutional investors and hedge funds.

Clear Channel Outdoor Holdings, Inc. (NYSE CCO) opened at 4.10 on Tuesday. The company has a 50-day moving average of $4.20 and a 200 day moving average of $4.76. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 41.00 and a beta of 1.55. Clear Channel Outdoor Holdings, Inc. has a one year low of $3.35 and a one year high of $6.35.

Clear Channel Outdoor Holdings (NYSE:CCO) last posted its earnings results on Thursday, August 3rd. The business services provider reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Clear Channel Outdoor Holdings had a net margin of 1.40% and a negative return on equity of 3.35%. The business had revenue of $672.32 million for the quarter, compared to the consensus estimate of $672.22 million. On average, analysts anticipate that Clear Channel Outdoor Holdings, Inc. will post ($0.09) EPS for the current year.

A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Clear Channel Outdoor Holdings from a “hold” rating to a “strong-buy” rating and set a $6.00 target price on the stock in a research report on Friday, July 28th. Finally, BidaskClub upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $7.81.

TRADEMARK VIOLATION NOTICE: This article was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://ledgergazette.com/2017/09/26/jpmorgan-chase-co-boosts-position-in-clear-channel-outdoor-holdings-inc-cco.html.

Clear Channel Outdoor Holdings Company Profile

Clear Channel Outdoor Holdings, Inc 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. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).

Institutional Ownership by Quarter for Clear Channel Outdoor Holdings (NYSE:CCO)

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