Clear Channel Outdoor Holdings Inc (NYSE: CCO) is -18.25% lower on its value in year-to-date trading and has touched a low of $1.09 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 $1.14 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $1.12, the stock is -6.00% and -14.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing -1.75% at the moment leaves the stock -23.80% off its SMA200. CCO registered -28.21% loss for a year compared to 6-month loss of -31.71%. The firm has a 50-day simple moving average (SMA 50) of $1.3096 and a 200-day simple moving average (SMA200) of $1.4698.
The stock witnessed a -13.18% gain in the last 1 month and extending the period to 3 months gives it a -18.84%, 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 4.10% over the week and 5.57% over the month.
Clear Channel Outdoor Holdings Inc (CCO) has around 4100 employees, a market worth around $548.87M and $2.03B in sales. Profit margin for the company is -6.65%. Distance from 52-week low is 2.75% and -40.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.16%).
The EPS is expected to grow by 49.35% this year
234.0 institutions hold shares in Clear Channel Outdoor Holdings Inc (CCO), with institutional investors hold 102.68% of the company’s shares. The shares outstanding are 489.21M, and float is at 347.15M with Short Float at 10.02%. Institutions hold 84.89% 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 5.3544 of the shares totaling 26.17 million with a market value of $36.9 million.
Clear Channel Outdoor Holdings Inc (CCO) Insider Activity
Still, SEC filings show that on Feb 28 ’25, MORELAND W BENJAMIN (Director) acquired 800,000 shares at an average price of $1.26 for $1.01 million. The insider now directly holds 2,510,821 shares of Clear Channel Outdoor Holdings Inc (CCO).
