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Arturo R. Moreno, a major shareholder of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), recently purchased 500,000 shares of the company’s common stock. The transaction, executed on April 14, 2025, amounted to a total value of approximately $505,000, with the shares acquired at a weighted average price ranging from $0.982 to $1.01 per share. According to InvestingPro data, this purchase comes as the stock has declined over 40% in the past six months, with current analysis suggesting the stock may be undervalued.
Following this acquisition, Moreno now holds a total of 60,229,814 shares in the outdoor advertising company. This purchase underscores Moreno’s continued investment in Clear Channel Outdoor, a prominent player in the advertising services sector. The company maintains a solid gross profit margin of 56% and revenue of $1.5 billion over the last twelve months, though InvestingPro analysis reveals 12 additional key insights about the company’s financial health and market position.
In other recent news, Clear Channel Outdoor Holdings Inc . reported financial results for the fourth quarter of 2024, missing market expectations. The company posted an earnings per share (EPS) of -$0.0365, which was below the forecasted $0.02, and revenue for the quarter reached $427 million, falling short of the anticipated $646.83 million. Additionally, Clear Channel announced plans to sell its Europe-North advertising segment to Bauer Radio Limited, a subsidiary of Bauer Media Group, with the transaction expected to close on March 31, 2025. The sale aligns with Clear Channel’s strategy to focus on higher-margin U.S. operations. Despite the challenges, the company reported a 2.6% increase in consolidated revenue for Q4 2024, supported by growth in its Americas and airports segments. Analyst firms have not provided any upgrades or downgrades following these announcements. Clear Channel’s guidance for 2025 projects consolidated revenue between $1.562 billion and $1.607 billion, indicating a 4% to 7% increase from the previous year. The company is focusing on expanding its digital footprint and improving data analytics capabilities to drive future growth.
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