Gabelli raises stake in Clear Channel Outdoor to 11%

|About: Clear Channel Outdoor Hold... (CCO)|By:, SA News Editor

Gamco has given a boost to its stake in Clear Channel Outdoor Holdings (NYSE:CCO), according to an amended ownership filing.

Various Mario Gabelli affiliates report an aggregate ownership of 5,386,718 shares, amounting to 11% of shares outstanding. Gabelli/Gamco is the No. 2 shareholder in Clear Channel Outdoor.

The firm used about $4.4M to add shares since March 1.

Shares had risen to close up 3.2% today.