Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Shares Purchased by Shenkman Capital Management Inc.

Shenkman Capital Management Inc. raised its holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 34.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,954,589 shares of the business services provider’s stock after acquiring an additional 750,000 shares during the period. Shenkman Capital Management Inc.’s holdings in Clear Channel Outdoor were worth $4,048,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of Clear Channel Outdoor by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider’s stock worth $10,818,000 after acquiring an additional 54,566 shares in the last quarter. Whitebox Advisors LLC lifted its holdings in shares of Clear Channel Outdoor by 11.5% during the third quarter. Whitebox Advisors LLC now owns 1,807,486 shares of the business services provider’s stock valued at $2,892,000 after purchasing an additional 185,700 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Clear Channel Outdoor by 56.7% in the 3rd quarter. Jane Street Group LLC now owns 1,116,893 shares of the business services provider’s stock valued at $1,787,000 after purchasing an additional 404,082 shares during the period. Cerity Partners LLC purchased a new position in Clear Channel Outdoor in the 3rd quarter worth about $1,730,000. Finally, Victory Capital Management Inc. raised its holdings in Clear Channel Outdoor by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 759,013 shares of the business services provider’s stock worth $1,214,000 after buying an additional 38,913 shares during the period. Institutional investors own 85.52% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $2.50 target price on shares of Clear Channel Outdoor in a report on Monday, February 24th.

Clear Channel Outdoor Stock Down 8.0 %

CCO opened at $1.10 on Friday. The firm has a market capitalization of $536.61 million, a P/E ratio of -3.78 and a beta of 3.05. The stock has a fifty day moving average of $1.38 and a 200-day moving average of $1.48. Clear Channel Outdoor Holdings, Inc. has a 12-month low of $1.09 and a 12-month high of $1.88.

About Clear Channel Outdoor

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.