CLEAR CHANNEL O/SH (NYSE:CCO) Stock Position Raised by Appleton Partners Inc. MA

Appleton Partners Inc. MA lifted its holdings in shares of CLEAR CHANNEL O/SH (NYSE:CCO) by 141.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,490 shares of the business services provider’s stock after buying an additional 23,165 shares during the period. Appleton Partners Inc. MA’s holdings in CLEAR CHANNEL O/SH were worth $100,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CCO. Gabelli Funds LLC raised its holdings in shares of CLEAR CHANNEL O/SH by 3.3% during the third quarter. Gabelli Funds LLC now owns 3,272,701 shares of the business services provider’s stock valued at $8,247,000 after acquiring an additional 105,000 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of CLEAR CHANNEL O/SH by 36.2% during the third quarter. Gamco Investors INC. ET AL now owns 3,698,142 shares of the business services provider’s stock valued at $9,319,000 after acquiring an additional 983,290 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of CLEAR CHANNEL O/SH by 106.4% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 64,500 shares of the business services provider’s stock valued at $163,000 after acquiring an additional 33,250 shares during the period. Requisite Capital Management LLC acquired a new stake in shares of CLEAR CHANNEL O/SH during the third quarter valued at approximately $1,260,000. Finally, Zazove Associates LLC raised its holdings in shares of CLEAR CHANNEL O/SH by 160.6% during the third quarter. Zazove Associates LLC now owns 1,720,000 shares of the business services provider’s stock valued at $4,334,000 after acquiring an additional 1,060,000 shares during the period. 77.08% of the stock is owned by institutional investors and hedge funds.

In related news, Director W Benjamin Moreland acquired 400,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $2.28 per share, for a total transaction of $912,000.00. Following the purchase, the director now owns 241,840 shares in the company, valued at $551,395.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Wells acquired 15,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of $2.36 per share, for a total transaction of $35,400.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 435,000 shares of company stock worth $996,200. Company insiders own 4.70% of the company’s stock.

CCO has been the topic of a number of recent analyst reports. Cowen initiated coverage on shares of CLEAR CHANNEL O/SH in a report on Wednesday, September 4th. They set an “outperform” rating and a $3.00 price target on the stock. Zacks Investment Research lowered shares of CLEAR CHANNEL O/SH from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Wells Fargo & Co initiated coverage on shares of CLEAR CHANNEL O/SH in a research note on Monday, September 23rd. They issued an “outperform” rating and a $4.00 price objective on the stock. Citigroup initiated coverage on shares of CLEAR CHANNEL O/SH in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $2.70 price objective on the stock. Finally, Barclays initiated coverage on shares of CLEAR CHANNEL O/SH in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $3.00 price objective on the stock. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.90.

CLEAR CHANNEL O/SH stock opened at $2.68 on Friday. The firm has a market cap of $1.23 billion, a PE ratio of -4.62 and a beta of 0.75. The firm’s 50 day moving average price is $2.53 and its two-hundred day moving average price is $3.67. CLEAR CHANNEL O/SH has a twelve month low of $2.06 and a twelve month high of $6.20.

CLEAR CHANNEL O/SH (NYSE:CCO) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported ($0.46) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.36). The business had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $655.36 million. Research analysts expect that CLEAR CHANNEL O/SH will post -0.5 EPS for the current fiscal year.

CLEAR CHANNEL O/SH Company Profile

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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Institutional Ownership by Quarter for CLEAR CHANNEL O/SH (NYSE:CCO)

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