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W. Benjamin Moreland, a director at Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), has recently purchased a significant number of shares in the company. According to a recent SEC filing, Moreland acquired 800,000 shares of Clear Channel Outdoor’s common stock on February 28, 2025. The shares were bought at an average price of $1.26, resulting in a total transaction value of approximately $1.01 million. The purchase comes as the stock trades near its 52-week low of $1.19, with the company currently valued at approximately $600 million.
The purchase was executed in multiple transactions with prices ranging from $1.20 to $1.27 per share. Following this acquisition, Moreland’s direct ownership in the company increased to 2,510,821 shares. According to InvestingPro data, the company maintains a current ratio of 1.3, indicating sufficient liquidity to meet short-term obligations, though it operates with significant debt levels.
This transaction highlights Moreland’s continued investment in Clear Channel Outdoor, a leading company in the advertising services sector. With revenue growth forecast at 55% for FY2025, the company shows promising prospects despite current challenges. For deeper insights into insider trading patterns and comprehensive financial analysis, including 8 additional key ProTips, check out the detailed Clear Channel Outdoor research report on InvestingPro.
In other recent news, Clear Channel Outdoor Holdings Inc . reported its fourth-quarter 2024 financial results, which did not meet market expectations. The company announced an earnings per share (EPS) of -$0.0365, missing the forecasted $0.02. Additionally, revenue for the quarter was $427 million, falling short of the anticipated $646.83 million. Despite a 2.6% increase in consolidated revenue, the earnings miss has raised concerns among investors. Clear Channel has been focusing on divesting its international businesses to concentrate on higher-margin U.S. operations, with digital revenue now making up 39.5% of Americas revenue, a 7.6% increase. The company has provided a consolidated revenue guidance of $1.562 to $1.607 billion for 2025, projecting a 4% to 7% increase. Meanwhile, Clear Channel’s efforts to optimize its portfolio include the recent agreement to sell its Europe North segment for $625 million. The company aims to drive growth through improved adjusted EBITDA and debt reduction while expanding its digital footprint and data analytics capabilities.
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