Clear Channel Outdoor Holdings Inc (NYSE: CCO) is 2.19% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CCO stock was last observed hovering at around $1.42 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $1.40, the stock is -2.41% and -5.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing -1.41% at the moment leaves the stock -7.34% off its SMA200. CCO registered -26.70% loss for a year compared to 6-month loss of -15.66%. The firm has a 50-day simple moving average (SMA 50) of $1.4802 and a 200-day simple moving average (SMA200) of $1.51095.
The stock witnessed a 1.45% gain in the last 1 month and extending the period to 3 months gives it a -13.58%, 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 4.63% over the week and 4.68% over the month.
Clear Channel Outdoor Holdings Inc (CCO) has around 3900 employees, a market worth around $684.71M and $2.23B in sales. Profit margin for the company is -5.65%. Distance from 52-week low is 8.53% and -31.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.69%).
with sales reaching $645.84M over the same period.The EPS is expected to grow by 49.65% 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.
234.0 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 345.85M with Short Float at 9.25%. Institutions hold 85.67% 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).
