Clear Channel Outdoor Holdings, Inc. (CCO) Stock: A Good Pick In The Service Sector Space?

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Clear Channel Outdoor Holdings, Inc. (CCO) is trending down in the market today. The company, one that is focused on the service sector, is currently trading at $2.37 after a move down of -5.20% so far in today’s session. When it comes to service companies, there are quite a few aspects that have the ability to cause movement in the market. News is one of the most common reasons for movement. Here are the most recent headlines surrounding CCO:

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Oct-26-19 12:44PM Hedge Funds Have Never Been This Bullish On Clear Channel Outdoor Holdings, Inc. (CCO)
Oct-18-19 01:37PM Nation’s First Rideshare Directional Signage Campaign Seamlessly Guides Arriving Sea-Tac Passengers to Transportation
06:55AM Clear Channel Outdoor Holdings, Inc. Worldwide CEO, William Eccleshare To Present At The Morgan Stanley European Technology, Media & Telecom Conference
Oct-11-19 02:38PM City Leaders, Education Advocates Light Up Billboards Nationwide to Illuminate the Need for Critical Afterschool Learning Opportunities
Oct-03-19 03:14PM Nation’s First All-Digital Airport Advertising Network Debuts with 82 Screens at Norman Y. Mineta San Jose International Airport

Nonetheless, when making a decision with regard to investing, investors should look at much more than news, this is especially the case in the ever highly complex service sector. Here’s what’s going on with Clear Channel Outdoor Holdings, Inc..

Performance Trends That We’ve Seen From CCO

Although a decline in a single session, like what we’re seeing from Clear Channel Outdoor Holdings, Inc. may cause fear in some investors, a single session move by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally a good idea to dig into trends beyond a single trading day. As it relates to CCO, below are the trends that we’ve seen:

  • Past 5 Sessions – In the past 7 days, CCO has generated a change in value that amounts to -4.44%.
  • Past Month – The performance from Clear Channel Outdoor Holdings, Inc. over the past 30 days comes to -5.95%.
  • Past Quarter – In the past three months, the stock has produced a ROI that comes to -21.78%
  • Past Six Months – In the past 6 months, we’ve seen a performance that amounts to -50.42% from the stock.
  • Year To Date – Since the close of last year CCO has resulted in a return of -54.34%.
  • Full Year – Finally, over the last full year, investors have seen movement amounting to -58.49% from CCO. Over this period of time, the stock has sold at a high price of -62.08% and a low of 15.05%.

Key Ratios

Looking at various ratios having to do with a company can provide investors an understanding of just how risky and/or potentially profitable a an investment option may be. Here are some of the key ratios to think about when looking at CCO.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors have a belief that the value of the stock is going to fall. In general, strong service stocks can carry a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the industry. Nonetheless, in relation to Clear Channel Outdoor Holdings, Inc., it’s short ratio is 1.62.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure whether or not a company can cover its debts when they come due with only current assets or quick assets. come with great quick and current ratios. When it comes to CCO, the quick and current ratios work out to 1.00 and 1.00 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets owned by the company. In this particular case, the book to share value ratio comes in at -6.51.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of shares. In this case, the cash to share value comes to 0.80.

What Are Big Money Players Doing With Clear Channel Outdoor Holdings, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CCO, here’s what we’re seeing:

Institutions own 77.60% of the company. Institutional interest has moved by 1.06% over the past three months. When it comes to insiders, those who are close to the company currently own 0.80% percent of CCO shares. Institutions have seen ownership changes of an accumulative -16.03% over the last three months.

Analyst Opinions With Regard To Clear Channel Outdoor Holdings, Inc.

Although it’s not a good idea to unknowingly follow the opinions of analysts, it is a smart idea to use their opinions when validating your own thoughts when it comes to making investment decisions in the service sector. Here are the recent moves that we’ve seen from analysts when it comes to CCO.

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Sep-24-19 Initiated Wells Fargo Outperform
Sep-04-19 Initiated Cowen Outperform
Sep-04-19 Initiated Citigroup Neutral $2.70
Sep-04-19 Initiated Barclays Overweight $3
Jul-11-19 Downgrade Wolfe Research Outperform → Peer Perform

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.11. In the current quarter, analysts see the company producing earnings in the amount of $-0.09. Over the last 5 years, CCO has generated revenue in the amount of $-1.60% with earnings coming in at -33.40%. On a quarter over quarter basis, earnings have seen movement of 78.30% and revenue has seen movement of -2.00%.

Looking At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 465.98M shares of Clear Channel Outdoor Holdings, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, CCO has a float of 462.64M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to CCO, the short percent of the float is 1.34%.

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