Major Shakeup: Ares Management Offloads Massive Clear Channel Outdoor Shares

New insider activity at Clear Channel Outdoor ( (CCO) ) has taken place on September 11, 2025.

Ares Management LLC, a significant shareholder, has sold a substantial portion of its holdings in Clear Channel Outdoor, amounting to 14,631,555 shares. This transaction is valued at $16,941,545, marking a notable shift in the company’s stock ownership.

Recent Updates on CCO stock

In recent developments, Clear Channel Outdoor (CCO) has seen its price target raised by both Citi and Morgan Stanley following its Investor Day, where the company outlined its growth strategy and financial goals for 2028. Citi increased its price target due to an improved 2026 EBITDA estimate, reflecting confidence in the company’s long-term targets. Meanwhile, Morgan Stanley’s price target hike is attributed to a positive outlook on the out-of-home advertising space, despite concerns over high leverage and local advertising market caution. Additionally, Clear Channel Outdoor announced the sale of its Spanish business for $135 million, a move aimed at focusing on its U.S. operations and reducing debt. The company’s strategy emphasizes customer centricity, technology acceleration, sales execution, and balance sheet strengthening, with a goal to reduce net leverage by 2028.

Spark’s Take on CCO Stock

According to Spark, TipRanks’ AI Analyst, CCO is a Neutral.

Clear Channel Outdoor’s overall stock score is driven by significant financial challenges, including high debt levels and negative equity. However, positive technical indicators and strategic corporate actions, such as debt refinancing and asset sales, provide some optimism. The earnings call further supports a positive outlook with strong revenue growth in key segments.

To see Spark’s full report on CCO stock, click here.

More about Clear Channel Outdoor

YTD Price Performance: -9.29%

Average Trading Volume: 3,675,173

Technical Sentiment Signal: Hold

Current Market Cap: $631.2M