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Gabelli raises stake in Clear Channel Outdoor to 11%

  • 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.

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Clear Channel Outdoor Holdings, Inc.