Clear Channel Outdoor Holdings Inc $ 1 -0.02 (-1.96%)
Clear Channel Outdoor Holdings Inc News and Headlines -
On its website, the guru’s Los Angeles-based alternative asset management firm says it focuses on delivering superior results while observing its six-tenet investment philosophy: risk control, consistency, market inefficiency, specialization, bottom-up analysis and disavowal of market timing.
According to GuruFocus Real-Time Picks, a Premium feature, the firm divested of 527,197 shares of the Trevose, Pennsylvania-based company on Oct. 28, bringing its total holding to 3.95 million shares. The
David Abrams (Trades, Portfolio), founder of Abrams Capital Management, disclosed earlier this month he gained two new positions during the second quarter: TransMedics Group Inc. (TMDX) and Clear Channel Outdoor Holdings Inc. (CCO). Additionally, Abrams kept increasing his Camping World Holdings Inc. (CWH) throughout the quarter according to GuruFocus Real-Time Picks, a Premium feature.
Abrams, a protégé of Baupost leader Seth Klarman (Trades, Portfolio), oversees approximately $9 billion in assets. According to the firm’s website, Abrams Capital invests with a long-term time horizon using a fundamental, value-oriented approach.
Mario Gabelli (Trades, Portfolio), one of our speakers at this year’s Value Conference, disclosed last week his top six new buys for the second quarter were IAA Inc. (IAA), Clear Channel Outdoor Holdings Inc. (CCO), Allstate Corp. (ALL), Invitation Homes Inc. (INVH), Amber Road Inc. (AMBR) and Array Biopharma Inc. (ARRY). However, his top buy in terms of portfolio impact is an increased bet on Red Hat Inc. (RHT), a holding of Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway Inc. (BRK.A) (BRK.B).
Gabelli graduated summa cum laude in 1965 from Fordham University’s College
Clear Channel Outdoor Holdings (NYSE:CCO) (0.1%) (CCO – $5.95 – NYSE) located in San Antonio, Texas, is an outdoor advertising company with billboards, street furniture, transit, and digital displays in global markets. Outdoor advertising represents 4%-6% of total advertising, reaches consumers outside of the home where the propensity to spend is greater, and it cannot be skipped or blocked. iHeart Communication controls CCO with ~87% of the economic and 99% of the vote. iHeart is currently negotiating a bankruptcy exit with its creditors, which include CCO. CCO has businesses in both the U.S. and international markets that could be
To Our Shareholders,
For the quarter ended September 30, 2018, the net asset value (“NAV”) per Class AAA Share of The Gabelli Asset Fund increased 5.1% compared with an increase of 7.7% for the Standard & Poor’s (“S&P”) 500 Index. Other classes of shares are available. See page 2 for performance information for all classes.
Third Quarter Commentary
Markets continued to charge ahead in the third quarter, with the S&P 500 again setting record highs in late September. Financial and economic data continue to support the rally: U.S. second quarter GDP growth registered a blistering 4.2%, the unemployment rate fell
Abrams founded Abrams Capital Management, and the majority of Abrams’ holdings are in the banking industry, with Western Union (WU) accounting for about 26% of his portfolio and Wells Fargo (WFC) at about 10%.
Barnes & Noble Inc. (BKS) is trading at about $9 with a P/S ratio of 0.10 and a forward P/E multiple of 303.03. Over the last 10 years, the stock has dropped by 68%; during the last 52 weeks the price has been as high as
Ubiquiti Networks (UBNT) has a very lean business model. The company focuses on design and innovation but outsources manufacturing and does not engage in direct sales. The company has a third-party network of distributors spanning 160 countries.
Accordingly, it is free from all the capital intensive manufacturing activities and associated costs, as well as costs involved with direct marketing. Around 62% of its staff of 400 is involved in research and development and the company holds about 70 patents.
Ubiquity posted third-quarter fiscal 2015 results that did not please the investors, and the stock tanked after the results. However, it
[url=http://www.gurufocus.com/StockBuy.php?GuruName=David+Abrams]David Abrams[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=David+Abrams]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=David+Abrams]Portfolio[/url]) is the founder of Abrams Capital Management, which oversees nearly $8 billion in assets. Most of Abrams’ holdings are in banking, but his buys and adds in the first quarter were largely in communications.
Most of Abrams’ holdings in his 12-stock portfolio were untouched in the first quarter, but his addition of 700,000 shares to his stake in Directv (DTV), a California-based direct broadcast satellite service provider, had a dramatic influence on his portfolio.
The purchase, for an average price of $86.38 per share, doubled his stake in DTV and raised the value of his holding
In this article, let's take a look at Omnicom Group Inc. (OMC), a $18.88 billion market cap company that owns the DDBWorldwide, BBDOWorldwide and TBWAWorldwide advertising agency networks and more than 100 marketing and specialty services firms.
Taken into account product or geography, it is the largest advertising agency in the world by revenues. With more than 1,500 subsidiary agencies, operating in over 100 countries, the company holds hundreds of agencies ranging from media buying to public relations. For example, BBDO and DDB are well-recognized agencies throughout the world. An important characteristic is that the three global networks
Clear Channel Outdoor Holdings Inc. (CCO) has been a popular investment in the advertising industry so far, as it shares more than 70% of domestic billboard revenue with competitors Lamar Advertising Co. (LAMR) and CBS Corporation (CBS). However, CC Media’s recent holding position of 89% of the advertising firm has made many shareholders uneasy, in addition to bumping the uncertainty rating from medium to high. Therefore, investment gurus Paul Tudor Jones (Trades, Portfolio) and Jeremy Grantham (Trades, Portfolio) reduced their participation in the company, which leaves me wondering what will happen looking forward.
The outdoor advertising industry in the U.S. is dominated mainly by three major companies, which generate 75% of all billboard revenue. However, only one of these companies, Lamar Advertising Co. (LAMR) focuses on midsized markets, where it holds a 70% market share. As such, the firm operates 150,000 billboards, 100,000 logo advertising displays and over 27,000 transit displays throughout the country, which account for a total of 75% of sales. Last quarter, investment gurus Chuck Akre (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) bought this company’s shares at an average price of $48.8. Let’s
|2020-08-07 $ 0.95 (-1.04%)|
|2020-08-05 $ 0.92 (2.22%)|
|2020-07-31 $ 0.92 (-1.08%)|
|2020-06-16 $ 1.23 (1.65%)|
Why Clear Channel Outdoor Holdings Stock Was Rising Today - www.fool.com
|2020-05-26 $ 1 (-2.91%)|
|2020-05-13 $ 0.87 (-5.43%)|
Sandra Bergeron Joins Sumo Logic Board of Directors - GuruFocus.com
|2020-05-06 $ 0.76 (-6.17%)|
|2020-04-24 $ 0.78 (-12.36%)|
Why Clear Channel Outdoor Stock Tumbled Today - www.fool.com
|2020-03-31 $ 0.64 (18.52%)|
Why Clear Channel Outdoor Stock Just Popped 24% - www.fool.com
|2020-03-30 $ 0.54 (-1.82%)|
4 Advertising & Marketing Stocks to Gain Amid Coronavirus Scare - www.zacks.com
|2020-03-16 $ 0.82 (-21.9%)|
|2019-11-26 $ 2.49 (2.47%)|
|2019-11-15 $ 2.54 (-0.39%)|
|2019-10-28 $ 2.5 (-0.4%)|
Mario Gabelli Comments on Clear Channel Outdoor Holdings - GuruFocus.com
A Bad Seed in the Profitable Advertising Industry - GuruFocus.com