Moreno Amends Clear Channel Outdoor Holdings Stake
Ticker: CCO · Form: SC 13D/A · Filed: May 20, 2024 · CIK: 1334978
Sentiment: neutral
Topics: schedule-13d, amendment, shareholder-filing
Related Tickers: CCO
TL;DR
Moreno updated his Clear Channel stake filing, watch for more details.
AI Summary
Arturo R. Moreno, through Moreno Companies, LLC, has amended their Schedule 13D filing for Clear Channel Outdoor Holdings, Inc. on May 17, 2024. This amendment, designated as Amendment No. 2, indicates a change in the reporting of beneficial ownership of the company's common stock. The filing does not specify the exact number of shares or percentage of ownership change.
Why It Matters
Amendments to Schedule 13D filings often signal significant shifts in major shareholder positions, potentially impacting stock price and corporate strategy.
Risk Assessment
Risk Level: medium — Schedule 13D amendments can indicate a shift in a major shareholder's intentions or holdings, which could lead to increased volatility.
Key Players & Entities
- Arturo R. Moreno (person) — Reporting Person
- Moreno Companies, LLC (company) — Filing Entity
- Clear Channel Outdoor Holdings, Inc. (company) — Subject Company
- 0001193125-24-143052 (filing_id) — Accession Number
FAQ
What specific changes are detailed in Amendment No. 2 to the Schedule 13D filing?
The filing is an amendment (Amendment No. 2) to a Schedule 13D, indicating a change in the reporting of beneficial ownership, but the specific details of the changes are not provided in the provided text.
Who is the primary filer for this Schedule 13D/A?
Arturo R. Moreno, c/o Moreno Companies, LLC, is the primary filer.
What is the CUSIP number for Clear Channel Outdoor Holdings, Inc. common stock?
The CUSIP number for Clear Channel Outdoor Holdings, Inc. common stock is 18453H106.
On what date was this Schedule 13D/A filing made?
The filing was made on May 20, 2024, with the date of the event requiring the filing being May 17, 2024.
What is the business address of Clear Channel Outdoor Holdings, Inc. as listed in the filing?
The business address listed is 4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO, TX 78249.
Filing Stats: 1,402 words · 6 min read · ~5 pages · Grade level 6.5 · Accepted 2024-05-20 19:13:49
Key Financial Figures
- $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class o
- $993,250 — ions for an aggregate purchase price of $993,250.37, including brokerage commissions. Fu
- $823,150 — ions for an aggregate purchase price of $823,150.76, including brokerage commissions. Fu
- $1,221,900 — ions for an aggregate purchase price of $1,221,900.00, including brokerage commissions. Fu
- $1,176,300 — ions for an aggregate purchase price of $1,176,300.00, including brokerage commissions. Fu
- $394,800 — ions for an aggregate purchase price of $394,800.00, including brokerage commissions. Fu
- $788,625 — ions for an aggregate purchase price of $788,625.00, including brokerage commissions. Fu
- $521,834 — ions for an aggregate purchase price of $521,834.00, including brokerage commissions. Fu
- $435,130 — ions for an aggregate purchase price of $435,130.10, including brokerage commissions. Fu
- $325,782 — ions for an aggregate purchase price of $325,782.96, including brokerage commissions. Fu
- $297,920 — ions for an aggregate purchase price of $297,920.00, including brokerage commissions. Fu
- $213,600 — ions for an aggregate purchase price of $213,600.00, including brokerage commissions. Fu
- $14,169,526 — arty for an aggregate purchase price of $14,169,526.80, including brokerage commissions. Fu
- $1.63 — $ 993,250.37 $ 1.62 $ 1.605 - $1.63 Purchase of Common Stock on Open Mark
- $1.645 — $ 1,221,900.00 $ 1.63 $ 1.57 - $1.645 Purchase of Common Stock on Open Mark
Filing Documents
- d826601dsc13da.htm (SC 13D/A) — 45KB
- 0001193125-24-143052.txt ( ) — 47KB
of the Original Schedule 13D is hereby amended and supplemented to include the following information
Item 3 of the Original Schedule 13D is hereby amended and supplemented to include the following information: The responses to Item 5 hereof are incorporated herein by reference. On December 8, 2023, Mr. Moreno purchased 613,500 shares of Common Stock in open market transactions for an aggregate purchase price of $993,250.37, including brokerage commissions. Funding for the purchases of the Common Stock was from Mr. Morenos personal funds. On February 6, 2024, Mr. Moreno purchased 500,000 shares of Common Stock in open market transactions for an aggregate purchase price of $823,150.76, including brokerage commissions. Funding for the purchases of the Common Stock was from Mr. Morenos personal funds. On March 18, 2024, Mr. Moreno purchased 750,000 shares of Common Stock in open market transactions for an aggregate purchase price of $1,221,900.00, including brokerage commissions. Funding for the purchases of the Common Stock was from Mr. Morenos personal funds. On March 19, 2024, Mr. Moreno purchased 750,000 shares of Common Stock in open market transactions for an aggregate purchase price of $1,176,300.00, including brokerage commissions. Funding for the purchases of the Common Stock was from Mr. Morenos personal funds. On March 21, 2024, Mr. Moreno purchased 250,000 shares of Common Stock in open market transactions for an aggregate purchase price of $394,800.00, including brokerage commissions. Funding for the purchases of the Common Stock was from Mr. Morenos personal funds. On March 22, 2024, Mr. Moreno purchased 500,000 shares of Common Stock in open market transactions for an aggregate purchase price of $788,625.00, including brokerage commissions. Funding for the purchases of the Common Stock was from Mr. Morenos personal funds. On April 10, 2024, Mr. Moreno purchased 344,336 shares of Common Stock in open market transactions for an aggregate purchase price of $521,834.00, including brokerage commissions. Funding for the purchases of the Common
of the Original Schedule 13D is hereby amended and supplemented to include the following information
Item 5 of the Original Schedule 13D is hereby amended and supplemented to include the following information: The information set forth in Item 3 and on the cover pages of this Amendment No. 2 is incorporated by reference in its entirety into this Item 5 (c) The transactions effected by the Reporting Persons in respect of the Issuers Common Stock since the most recent filing of the Reporting Persons on Original Schedule 13D are set forth on the following table. All purchases provided below were made by the Reporting Persons in open market transactions at prevailing markets prices. Nature of Transaction Transaction Date Number of Shares Total Purchase Amount ($) Price Per Share ($) Price Per Share Range Purchase of Common Stock on Open Market 12/8/2023 613,500 $ 993,250.37 $ 1.62 $ 1.605 - $1.63 Purchase of Common Stock on Open Market 2/6/2024 500,000 $ 823,150.76 $ 1.65 $ 1.65 Purchase of Common Stock on Open Market 3/18/2024 750,000 $ 1,221,900.00 $ 1.63 $ 1.57 - $1.645 Purchase of Common Stock on Open Market 3/19/2024 750,000 $ 1,176,300.00 $ 1.57 $ 1.54 - $1.60 Purchase of Common Stock on Open Market 3/21/2024 250,000 $ 394,800.00 $ 1.58 $ 1.565 - $1.585 Purchase of Common Stock on Open Market 3/22/2024 500,000 $ 788,625.00 $ 1.58 $ 1.555 - $1.585 Purchase of Common Stock on Open Market 4/10/2024 250,000 $ 377,500.00 $ 1.51 $ 1.505 - $1.52 Purchase of Common Stock on Open Market 4/10/2024 94,336 $ 144,334.00 $ 1.53 $ 1.52 - $1.535 Purchase of Common Stock on Open Market 4/11/2024 287,063 $ 435,130.10 $ 1.52 $ 1.51 - $1.54 Purchase of Common Stock on Open Market 4/12/2024 212,937 $ 325,782.96 $ 1.53 $ 1.52 - $1.535 Purchase of Common Stock on Open Market 4/15/2024 200,000 $ 297,920.00 $ 1.49 $ 1.48 - $1.50 Purchase of Common Stock on Open Market 5/1/2024 150,000 $ 213,600.00 $ 1.42 $