Clear Channel Outdoor Holdings Inc (NYSE: CCO) is -20.33% lower on its value in year-to-date trading and has touched a low of $1.04 and a high of $2.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CCO stock was last observed hovering at around $1.47 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $1.45, the stock is -6.24% and -7.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.54 million and changing -1.36% at the moment leaves the stock -7.76% off its SMA200. CCO registered 33.03% gain for a year compared to 6-month gain of -3.33%. The firm has a 50-day simple moving average (SMA 50) of $1.5644 and a 200-day simple moving average (SMA200) of $1.57195.
The stock witnessed a -3.33% gain in the last 1 month and extending the period to 3 months gives it a 4.32%, and is -10.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.24% over the week and 4.90% over the month.
Clear Channel Outdoor Holdings Inc (CCO) has around 3900 employees, a market worth around $699.51M and $2.23B in sales. Profit margin for the company is -5.65%. Distance from 52-week low is 39.42% and -29.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.69%).
The EPS is expected to grow by 53.65% this year.
Clear Channel Outdoor Holdings Inc (CCO) Top Institutional Holders
225.0 institutions hold shares in Clear Channel Outdoor Holdings Inc (CCO), with institutional investors hold 102.22% of the company’s shares. The shares outstanding are 483.06M, and float is at 351.55M with Short Float at 8.79%. Institutions hold 86.04% of the Float.
The top institutional shareholder in the company is ALLIANZ ASSET MANAGEMENT GMBH with over 104.86 million shares valued at $147.85 million. The investor’s holdings represent 21.6778% of the CCO Shares outstanding. As of 2024-06-30, the second largest holder is ARES MANAGEMENT LLC with 55.83 million shares valued at $78.72 million to account for 11.5416 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 34.8 million shares representing 7.195% and valued at over $49.07 million, while BLACKROCK INC. holds 5.41 of the shares totaling 26.17 million with a market value of $36.9 million.
Clear Channel Outdoor Holdings Inc (CCO) Insider Activity
The most recent transaction is an insider sale by PACIFIC INVESTMENT MANAGEMENT, the company’s 10% Owner. SEC filings show that PACIFIC INVESTMENT MANAGEMENT sold 46,959 shares of the company’s common stock on Jul 30 ’24 at a price of $1.69 per share for a total of $79361.0. Following the sale, the insider now owns 104.81 million shares.
Clear Channel Outdoor Holdings Inc disclosed in a document filed with the SEC on Apr 10 ’24 that PACIFIC INVESTMENT MANAGEMENT (10% Owner) sold a total of 12,584 shares of the company’s common stock. The trade occurred on Apr 10 ’24 and was made at $1.55 per share for $19505.0. Following the transaction, the insider now directly holds 104.86 million shares of the CCO stock.
