Requisite Capital Management LLC Sells 200,000 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Requisite Capital Management LLC decreased its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 33.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 400,000 shares of the business services provider’s stock after selling 200,000 shares during the period. Requisite Capital Management LLC owned 0.08% of Clear Channel Outdoor worth $548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jacksonville Wealth Management LLC bought a new stake in shares of Clear Channel Outdoor during the fourth quarter worth approximately $62,000. Inspire Investing LLC grew its holdings in Clear Channel Outdoor by 13.6% during the 4th quarter. Inspire Investing LLC now owns 291,121 shares of the business services provider’s stock worth $399,000 after acquiring an additional 34,759 shares during the period. SG Americas Securities LLC raised its position in shares of Clear Channel Outdoor by 31.2% during the 4th quarter. SG Americas Securities LLC now owns 294,947 shares of the business services provider’s stock valued at $404,000 after acquiring an additional 70,196 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Clear Channel Outdoor by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,761,198 shares of the business services provider’s stock valued at $10,818,000 after purchasing an additional 54,566 shares during the period. Finally, Barclays PLC boosted its position in shares of Clear Channel Outdoor by 271.2% in the 3rd quarter. Barclays PLC now owns 520,663 shares of the business services provider’s stock worth $833,000 after purchasing an additional 380,408 shares during the last quarter. 85.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barrington Research reissued an “outperform” rating and issued a $2.50 target price on shares of Clear Channel Outdoor in a research note on Thursday, October 31st. TD Cowen cut their price target on shares of Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating on the stock in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Clear Channel Outdoor presently has an average rating of “Hold” and an average price target of $2.16.

Clear Channel Outdoor Price Performance

NYSE:CCO opened at $1.44 on Friday. Clear Channel Outdoor Holdings, Inc. has a 1 year low of $1.29 and a 1 year high of $2.06. The stock has a 50-day moving average price of $1.48 and a two-hundred day moving average price of $1.53.

Insiders Place Their Bets

In other news, major shareholder Arturo R. Moreno purchased 250,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $1.45 per share, for a total transaction of $362,500.00. Following the completion of the acquisition, the insider now directly owns 52,182,534 shares in the company, valued at approximately $75,664,674.30. This trade represents a 0.48 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.53% of the company’s stock.

Clear Channel Outdoor Company Profile

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.