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Arturo R. Moreno, a ten percent owner of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), recently acquired additional shares in the company. According to a Form 4 filing with the Securities and Exchange Commission, Moreno purchased 23,334 shares of the company’s common stock on May 28, 2025. The shares were bought at a weighted average price of $1.06 per share, totaling approximately $24,734. According to InvestingPro data, the stock is currently trading near its Fair Value, with significant volatility in its price movements.
The filing notes that the shares were acquired in multiple transactions, with prices ranging from $1.05 to $1.07. Following this acquisition, Moreno’s direct ownership in Clear Channel Outdoor stands at 63,487,350 shares. The company’s shares have declined about 25% over the past year, while maintaining a current ratio of 1.43, indicating adequate liquidity to meet short-term obligations.
This transaction highlights Moreno’s continued investment in Clear Channel Outdoor, a company known for its extensive portfolio of outdoor advertising assets. InvestingPro analysis reveals the company operates with a significant debt burden and analysts don’t expect profitability this year. Get deeper insights into CCO’s financial health and more exclusive tips with an InvestingPro subscription.
In other recent news, Clear Channel Outdoor Holdings reported its Q1 2025 earnings, showing a mixed financial performance. The company exceeded earnings per share (EPS) expectations with a reported EPS of -$0.1128, surpassing the forecasted -$0.14. However, Clear Channel’s revenue of $334 million fell short of the anticipated $337.17 million, although it marked a 2.2% increase from the previous year. The company highlighted its strong liquidity position with $568 million at the end of the quarter, despite a $55 million loss from continuing operations.
Additionally, Clear Channel held its Annual Meeting of Stockholders, where all director nominees were elected for one-year terms, and Ernst & Young LLP was ratified as the independent auditor for 2025. The advisory resolution on executive compensation also received approval from stockholders. The company remains optimistic about its 2025 outlook, projecting mid-single-digit growth in both consolidated revenue and adjusted EBITDA.
Clear Channel continues to focus on digital transformation and operational efficiency, with digital revenue growing by 6.4%. The company’s strategic initiatives include leveraging AI across operations and reducing corporate expenses. Analyst firms have not provided recent upgrades or downgrades, but the company’s strategic focus is evident in its current activities and forward-looking statements.
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