Clear Channel Outdoor Holdings Inc. (NYSE: CCO) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Clear Channel Outdoor Holdings Inc. (CCO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.15, or -9.55%, to $1.42. Volume reached 27,225 shares, with price reaching a high of $1.42 and a low of $1.42. Recently, Yahoo Finance discussed the stock, revealing that Clear Channel Outdoor Hires Ad Veteran Chris Pezzello as Chicago Market President.


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Stocks Info

Clear Channel Outdoor Holdings Inc. is listed on the NYSE as a member of the Communication Services sector and is a part of the Advertising Agencies industry. At the end of the last regular session, the stock closed at $1.42 and fluctuated between $1.5900 as its day high and $1.4100 as its day low. The current market capitalization of Clear Channel Outdoor Holdings Inc. is $698.54M. A total of 1.77 million shares were traded on the day, compared to an average of 2.57M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CCO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 16 SELLs from insiders. Insiders purchased 3,632,857 shares during that period but sold 1,907,304.

In the most recent transaction, PACIFIC INVESTMENT MANAGEMENT sold 561,112 shares of CCO for 1.58 per share on May 31. After the transaction, the 10% Owner now owns 104,872,541 company shares. In a previous transaction on Mar 03, HAMMITT LISA sold 68,207 shares at 3.72 per share. CCO shares that Director owns now total 167,551.

Among the insiders who sold shares, PACIFIC INVESTMENT MANAGEMENT disposed of 61,793 shares on Nov 05 at a per-share price of $3.30. This resulted in the 10% Owner holding 105,433,653 shares of CCO after the transaction.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. CCO’s most recent ex-dividend date was 01/25/2018 when it declared a $0.0824 quarterly dividend that was paid in cash on 01/24/2018. Previously, the company paid the dividend on 10/31/2017 with an ex-dividend date of 11/01/2017. The dividend was $0.0687 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CCO in the last 3 months, the mean price target is $2.38 with high estimates of $3.50 and low estimates of $1.50. In terms of 52-week highs and lows, CCO has a high of $4.10 and a low of $0.91.

As of this writing, CCO has an earnings estimate of $-0.02 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.01 per share and a lower estimate of $-0.05. The company reported an EPS of $-0.04 in the last quarter, which was 33.33% higher than expectations of $-0.06.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CCO is Overweight with a score of 3.29. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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