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Wednesday, March 22, 2023

Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

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. 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 -$0.01, or -0.68%, to $1.47. The Clear Channel Outdoor Holdings Inc. has recorded 38,753 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that CLEAR CHANNEL OUTDOOR HOLDINGS, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR OF 2022.

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Stocks Info

Clear Channel Outdoor Holdings Inc. is listed on the NYSE in the Communication Services sector while operating in the Advertising Agencies industry. At the end of the last regular session, the stock closed at $1.48 and fluctuated between $1.5300 as its day high and $1.4625 as its day low. The current market capitalization of Clear Channel Outdoor Holdings Inc. is $702.22M. A total of 1.22 million shares were traded on the day, compared to an average of 2.61M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CCO has seen 33 BUY and 1 SELL insider trades, representing the acquisition of 13,380,127 and the disposition of 208,837 shares. Over the last 12 months, there were 77 BUYs and 18 SELLs from insiders. Insiders purchased 21,676,642 shares during that period but sold 2,061,049.

In the most recent transaction, ARES MANAGEMENT LLC bought 500,000 shares of CCO for 1.79 per share on Jan 30. After the transaction, the 10% Owner now owns 55,829,046 company shares. In a previous transaction on Jan 30, ARES MANAGEMENT LLC bought 500,000 shares at 1.79 per share. CCO shares that 10% Owner owns now total 55,829,046.

Among the insiders who bought shares, ARES MANAGEMENT LLC acquired of 525,902 shares on Jan 27 at a per-share price of $1.80. This resulted in the 10% Owner holding 55,329,046 shares of CCO after the transaction. In another insider transaction, ARES MANAGEMENT LLC bought 525,902 shares at $1.80 per share on Jan 27. Company shares held by the 10% Owner now total 55,329,046.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. CCO’s most recent ex-dividend date was 11/1/2017 when it declared a $0.0687 quarterly dividend that was paid in cash on 10/31/2017. Previously, the company paid the dividend on 10/5/2017 with an ex-dividend date of 10/6/2017. The CCO stock dividend was $0.0687 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CCO in the last 3 months, the mean price target is $2.13 with high estimates of $3.00 and low estimates of $1.50. In terms of 52-week highs and lows, CCO has a high of $3.81 and a low of $0.91.

As of this writing, CCO has an earnings estimate of $0.04 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.09 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.14 in the last quarter, which was -250.00% lower than expectations of -$0.04.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 3.33. 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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