Clear Channel Outdoor Holdings Insider Ups Holding By 120% During Year
From what we can see, insiders were net buyers in Clear Channel Outdoor Holdings, Inc.'s (NYSE:CCO ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Clear Channel Outdoor Holdings
The Last 12 Months Of Insider Transactions At Clear Channel Outdoor Holdings
Over the last year, we can see that the biggest insider purchase was by insider Arturo Moreno for US$11m worth of shares, at about US$1.22 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$1.68. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Arturo Moreno bought a total of 9.27m shares over the year at an average price of US$1.24. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of Clear Channel Outdoor Holdings
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 5.1% of Clear Channel Outdoor Holdings shares, worth about US$41m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Clear Channel Outdoor Holdings Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Clear Channel Outdoor Holdings shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 4 warning signs we've spotted with Clear Channel Outdoor Holdings (including 2 which can't be ignored).
But note: Clear Channel Outdoor Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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