Clear Channel Outdoor Holdings Inc (NYSE: CCO) is -13.74% lower on its value in year-to-date trading and has touched a low of $1.29 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 $1.56 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $1.57, the stock is -0.85% and 0.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 0.64% at the moment leaves the stock 1.12% off its SMA200. CCO registered 1.95% gain for a year compared to 6-month loss of 9.03%. The firm has a 50-day simple moving average (SMA 50) of $1.5622 and a 200-day simple moving average (SMA200) of $1.5532.
The stock witnessed a 11.35% gain in the last 1 month and extending the period to 3 months gives it a 1.29%, and is 0.00% 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 3.42% over the week and 3.91% over the month.
Clear Channel Outdoor Holdings Inc (CCO) has around 3900 employees, a market worth around $767.85M and $2.23B in sales. Profit margin for the company is -5.65%. Distance from 52-week low is 21.71% and -23.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.69%).
Clear Channel Outdoor Holdings Inc quarterly earnings per share for the current quarter are estimated at 0.03 with sales reaching $645.84M over the same period.The EPS is expected to grow by 51.15% this year, but quarterly earnings will post 5.58% year-over-year. Quarterly sales are estimated to grow 2.17% in year-over-year returns.
238.0 institutions hold shares in Clear Channel Outdoor Holdings Inc (CCO), with institutional investors hold 103.18% of the company’s shares. The shares outstanding are 488.95M, and float is at 345.81M with Short Float at 8.89%. Institutions hold 85.66% 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 purchase by MORENO ARTURO R, the company’s 10% Owner. SEC filings show that MORENO ARTURO R bought 250,000 shares of the company’s common stock on Nov 05 ’24 at a price of $1.46 per share for a total of $0.36 million. Following the purchase, the insider now owns 52.43 million shares.
Clear Channel Outdoor Holdings Inc disclosed in a document filed with the SEC on Nov 04 ’24 that MORENO ARTURO R (10% Owner) bought a total of 250,000 shares of the company’s common stock. The trade occurred on Nov 04 ’24 and was made at $1.45 per share for $0.36 million. Following the transaction, the insider now directly holds 52.18 million shares of the CCO stock.
Still, SEC filings show that on Nov 01 ’24, MORENO ARTURO R (10% Owner) acquired 1,000,000 shares at an average price of $1.45 for $1.45 million. The insider now directly holds 51,932,534 shares of Clear Channel Outdoor Holdings Inc (CCO).
