AEGON USA Investment Management LLC Sells 26,406 Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

AEGON USA Investment Management LLC lessened its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,713 shares of the business services provider’s stock after selling 26,406 shares during the period. AEGON USA Investment Management LLC’s holdings in Clear Channel Outdoor were worth $183,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CCO. Optas LLC bought a new stake in Clear Channel Outdoor in the third quarter valued at approximately $27,000. Principal Financial Group Inc. increased its position in shares of Clear Channel Outdoor by 39.2% during the third quarter. Principal Financial Group Inc. now owns 55,130 shares of the business services provider’s stock worth $87,000 after acquiring an additional 15,511 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Clear Channel Outdoor by 3,466.3% during the third quarter. Quantbot Technologies LP now owns 126,213 shares of the business services provider’s stock worth $199,000 after acquiring an additional 122,674 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Clear Channel Outdoor by 19.9% during the third quarter. SG Americas Securities LLC now owns 143,417 shares of the business services provider’s stock worth $227,000 after acquiring an additional 23,756 shares in the last quarter. Finally, Requisite Capital Management LLC bought a new stake in shares of Clear Channel Outdoor during the third quarter worth $316,000. Institutional investors own 85.52% of the company’s stock.

Analyst Ratings Changes

CCO has been the subject of several research reports. StockNews.com raised shares of Clear Channel Outdoor from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Morgan Stanley increased their price objective on shares of Clear Channel Outdoor from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. Finally, Barrington Research restated an “outperform” rating and set a $2.50 target price on shares of Clear Channel Outdoor in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.16.

Clear Channel Outdoor Stock Performance

CCO remained flat at $1.44 during trading hours on Monday. 616,410 shares of the company traded hands, compared to its average volume of 2,301,388. Clear Channel Outdoor Holdings, Inc. has a fifty-two week low of $0.99 and a fifty-two week high of $2.06. The firm has a fifty day moving average price of $1.62 and a 200-day moving average price of $1.57. The company has a market capitalization of $696.56 million, a PE ratio of -2.22 and a beta of 2.88.

Clear Channel Outdoor (NYSE:CCO) last announced its earnings results on Monday, February 26th. The business services provider reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $632.11 million for the quarter, compared to analyst estimates of $611.62 million. During the same quarter in the previous year, the company posted $0.24 EPS. As a group, sell-side analysts anticipate that Clear Channel Outdoor Holdings, Inc. will post -0.24 EPS for the current fiscal year.

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.