Fore Capital LLC Increases Stock Position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Fore Capital LLC lifted its holdings in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 3,586.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 368,650 shares of the business services provider’s stock after acquiring an additional 358,650 shares during the quarter. Fore Capital LLC’s holdings in Clear Channel Outdoor were worth $505,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CCO. GSA Capital Partners LLP purchased a new stake in Clear Channel Outdoor in the third quarter worth about $300,000. Victory Capital Management Inc. grew its stake in shares of Clear Channel Outdoor by 5.4% in the 3rd quarter. Victory Capital Management Inc. now owns 759,013 shares of the business services provider’s stock worth $1,214,000 after buying an additional 38,913 shares during the last quarter. Intech Investment Management LLC bought a new position in Clear Channel Outdoor during the 3rd quarter valued at approximately $107,000. Cerity Partners LLC purchased a new position in Clear Channel Outdoor during the third quarter valued at $1,730,000. Finally, Algert Global LLC boosted its holdings in Clear Channel Outdoor by 77.8% in the third quarter. Algert Global LLC now owns 642,620 shares of the business services provider’s stock worth $1,028,000 after acquiring an additional 281,210 shares in the last quarter. 85.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and set a $2.50 price target on shares of Clear Channel Outdoor in a report on Monday, February 24th.

Clear Channel Outdoor Stock Down 2.9 %

NYSE:CCO opened at $1.19 on Thursday. The stock has a market cap of $580.72 million, a price-to-earnings ratio of -4.09 and a beta of 3.05. The company’s 50 day moving average price is $1.38 and its 200-day moving average price is $1.48. Clear Channel Outdoor Holdings, Inc. has a 52 week low of $1.18 and a 52 week high of $1.88.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.