Clear Channel Outdoor Holdings Inc (NYSE: CCO) is -19.71% lower on its value in year-to-date trading and has touched a low of $1.18 and a high of $1.88 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 $1.19 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $1.10, the stock is -15.22% and -19.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.62 million and changing -7.56% at the moment leaves the stock -25.85% off its SMA200. CCO registered -37.14% loss for a year compared to 6-month loss of -29.03%. The firm has a 50-day simple moving average (SMA 50) of $1.3658 and a 200-day simple moving average (SMA200) of $1.4835.
The stock witnessed a -19.71% gain in the last 1 month and extending the period to 3 months gives it a -29.03%, and is -13.39% 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 6.46% over the week and 6.34% over the month.
Clear Channel Outdoor Holdings Inc (CCO) has around 4100 employees, a market worth around $539.06M and $2.03B in sales. Profit margin for the company is -6.65%. Distance from 52-week low is -6.78% and -41.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.16%).
with sales reaching $502.53M over the same period.The EPS is expected to grow by 46.01% this year, but quarterly earnings will post 55.49% year-over-year. Quarterly sales are estimated to grow 4.31% in year-over-year returns.
234.0 institutions hold shares in Clear Channel Outdoor Holdings Inc (CCO), with institutional investors hold 102.74% of the company’s shares. The shares outstanding are 489.21M, and float is at 346.87M with Short Float at 9.78%. Institutions hold 84.94% 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 11.4231 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 MORELAND W BENJAMIN, the company’s Director. SEC filings show that MORELAND W BENJAMIN bought 800,000 shares of the company’s common stock on Feb 28 ’25 at a price of $1.26 per share for a total of $1.01 million. Following the purchase, the insider now owns 2.51 million shares.
Clear Channel Outdoor Holdings Inc disclosed in a document filed with the SEC on Feb 28 ’25 that WELLS SCOTT (Chief Executive Officer) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Feb 28 ’25 and was made at $1.26 per share for $63000.0. Following the transaction, the insider now directly holds 3.53 million shares of the CCO stock.
Still, SEC filings show that on Nov 05 ’24, MORENO ARTURO R (10% Owner) acquired 250,000 shares at an average price of $1.46 for $0.36 million. The insider now directly holds 52,432,534 shares of Clear Channel Outdoor Holdings Inc (CCO).
