Clear Channel Outdoor Holdings Inc (NYSE: CCO) is -24.82% lower on its value in year-to-date trading and has touched a low of $0.81 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 $1.00 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.03, the stock is 2.36% and -10.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing 3.26% at the moment leaves the stock -28.00% off its SMA200. CCO registered -29.93% loss for a year compared to 6-month loss of -33.55%. The firm has a 50-day simple moving average (SMA 50) of $1.155 and a 200-day simple moving average (SMA200) of $1.4305.
The stock witnessed a -11.97% gain in the last 1 month and extending the period to 3 months gives it a -27.46%, and is 9.57% up 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 7.00% over the week and 8.96% over the month.
Clear Channel Outdoor Holdings Inc (CCO) has around 4100 employees, a market worth around $511.52M and $2.03B in sales. Profit margin for the company is -6.65%. Distance from 52-week low is 26.94% and -45.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.16%).
with sales reaching $337.22M over the same period.The EPS is expected to grow by 35.39% this year, but quarterly earnings will post 4.28% year-over-year. Quarterly sales are estimated to shrink -30.00% in year-over-year returns.
232.0 institutions hold shares in Clear Channel Outdoor Holdings Inc (CCO), with institutional investors hold 102.15% of the company’s shares. The shares outstanding are 489.21M, and float is at 344.34M with Short Float at 10.40%. Institutions hold 83.31% 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 7.1211 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
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 53,932 shares of the company’s common stock on Apr 22 ’25 at a price of $0.97 per share for a total of $52314.0. Following the purchase, the insider now owns 61.5 million shares.
Clear Channel Outdoor Holdings Inc disclosed in a document filed with the SEC on Apr 21 ’25 that MORENO ARTURO R (10% Owner) bought a total of 29,289 shares of the company’s common stock. The trade occurred on Apr 21 ’25 and was made at $0.94 per share for $27532.0. Following the transaction, the insider now directly holds 61.45 million shares of the CCO stock.
Still, SEC filings show that on Apr 16 ’25, MORENO ARTURO R (10% Owner) acquired 980,644 shares at an average price of $0.93 for $0.91 million. The insider now directly holds 61,210,458 shares of Clear Channel Outdoor Holdings Inc (CCO).
