Clear Channel Outdoor Holdings Inc (NYSE: CCO) is -24.09% 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 $0.98 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $1.04, the stock is 5.64% and -6.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing 5.67% at the moment leaves the stock -26.47% off its SMA200. CCO registered -27.78% loss for a year compared to 6-month loss of -33.76%. The firm has a 50-day simple moving average (SMA 50) of $1.1164 and a 200-day simple moving average (SMA200) of $1.41435.
The stock witnessed a -5.45% gain in the last 1 month and extending the period to 3 months gives it a -25.71%, and is 0.97% 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 8.56% over the week and 10.09% over the month.
Clear Channel Outdoor Holdings Inc (CCO) has around 4100 employees, a market worth around $516.49M and $2.03B in sales. Profit margin for the company is -6.65%. Distance from 52-week low is 28.17% and -44.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.16%).
with sales reaching $394.57M over the same period.The EPS is expected to grow by 44.64% this year, but quarterly earnings will post 4.01% year-over-year. Quarterly sales are estimated to shrink -29.36% in year-over-year returns.
232.0 institutions hold shares in Clear Channel Outdoor Holdings Inc (CCO), with institutional investors hold 102.07% of the company’s shares. The shares outstanding are 489.21M, and float is at 343.05M with Short Float at 10.51%. Institutions hold 83.25% 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 83,378 shares of the company’s common stock on Apr 28 ’25 at a price of $1.02 per share for a total of $85046.0. Following the purchase, the insider now owns 62.23 million shares.
Clear Channel Outdoor Holdings Inc disclosed in a document filed with the SEC on Apr 25 ’25 that MORENO ARTURO R (10% Owner) bought a total of 500,000 shares of the company’s common stock. The trade occurred on Apr 25 ’25 and was made at $1.02 per share for $0.51 million. Following the transaction, the insider now directly holds 62.14 million shares of the CCO stock.
Still, SEC filings show that on Apr 24 ’25, MORENO ARTURO R (10% Owner) acquired 144,601 shares at an average price of $1.02 for $0.15 million. The insider now directly holds 61,643,729 shares of Clear Channel Outdoor Holdings Inc (CCO).
