Shorts On Watch: Clear Channel Outdoor Holdings (NYSE:CCO)’s Trend Up, Especially After Decreased Shorts

November 29, 2016 - By Marguerite Chambers   ·   0 Comments

Shorts On Watch: Clear Channel Outdoor Holdings (NYSE:CCO)’s Trend Up, Especially After Decreased Shorts

The stock of Clear Channel Outdoor Holdings (NYSE:CCO) registered a decrease of 18.91% in short interest. CCO’s total short interest was 696,000 shares in November as published by FINRA. Its down 18.91% from 858,300 shares, reported previously. With 75,500 shares average volume, it will take short sellers 9 days to cover their CCO’s short positions. The short interest to Clear Channel Outdoor Holdings’s float is 2.11%. The stock closed at $5.65 during the last session. It is down 11.00% since April 26, 2016 and is uptrending. It has outperformed by 5.74% the S&P500.

Clear Channel Outdoor Holdings, Inc

Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.70, from 0.78 in 2016Q1. The ratio improved, as 10 funds sold all Clear Channel Outdoor Holdings, Inc. shares owned while 31 reduced positions. 10 funds bought stakes while 22 increased positions. They now own 30.82 million shares or 2.29% less from 31.54 million shares in 2016Q1.
Blackrock Lc has 19,923 shares for 0% of their US portfolio. Swiss Bancorporation accumulated 0% or 66,000 shares. Tiaa Cref Ltd Liability Com holds 0% of its portfolio in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for 184,786 shares. Bancorporation Of New York Mellon holds 0% or 138,812 shares in its portfolio. Moreover, California State Teachers Retirement System has 0% invested in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for 74,575 shares. Renaissance Technology Lc holds 0.01% of its portfolio in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for 743,700 shares. Canyon Capital Advisors Ltd Liability has 0.99% invested in the company for 4.02M shares. Morgan Stanley has 0% invested in the company for 8,730 shares. International Grp Inc has invested 0% of its portfolio in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO). Tudor Investment Et Al holds 0% or 22,321 shares in its portfolio. Abrams Cap Management L P owns 3.35 million shares or 1.09% of their US portfolio. Northern last reported 163,328 shares in the company. Panagora Asset, a Massachusetts-based fund reported 39,970 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 1,740 shares. California Employees Retirement System holds 0% or 256,120 shares in its portfolio.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Ratings Coverage

Out of 5 analysts covering Clear Channel Outdoor Holdings (NYSE:CCO), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Clear Channel Outdoor Holdings has been the topic of 9 analyst reports since August 18, 2015 according to StockzIntelligence Inc. On Tuesday, September 13 the stock rating was initiated by Loop Capital with “Sell”. As per Friday, May 13, the company rating was downgraded by Evercore. The firm has “Buy” rating given on Friday, November 6 by Topeka Capital Markets. Wedbush maintained Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) rating on Tuesday, January 12. Wedbush has “Neutral” rating and $7.0 price target. The stock of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has “Hold” rating given on Thursday, November 3 by Loop Capital. As per Tuesday, August 18, the company rating was downgraded by Wells Fargo. The firm has “Neutral” rating given on Wednesday, October 28 by Wedbush.

CCO Company Profile

Clear Channel Outdoor Holdings, Inc., incorporated on August 11, 1995, is an outdoor advertising company. The Firm owns and operates billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. The Firm operates in two divisions: Americas outdoor advertising (Americas) and International outdoor advertising (International). The Firm owns or operates more than 650,000 advertising displays around the world.

More notable recent Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) news were published by: Businesswire.com which released: “Clear Channel Outdoor Holdings, Inc. Sells Interest in Adshel to Joint Venture …” on October 25, 2016, also Seekingalpha.com with their article: “Clear Channel Outdoor Holdings, Inc. (CCO) Q3 2016 Results – Earnings Call …” published on November 09, 2016, Businesswire.com published: “Clear Channel Outdoor Holdings, Inc. Closes Sales of Five Outdoor Markets to …” on January 07, 2016. More interesting news about Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) were released by: Businesswire.com and their article: “Clear Channel Outdoor Holdings, Inc. Reports Results for 2016 Second Quarter” published on August 04, 2016 as well as Businesswire.com‘s news article titled: “iHeartMedia, Inc. and Clear Channel Outdoor Holdings, Inc. Set Date for 2016 …” with publication date: October 21, 2016.

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By Marguerite Chambers


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