Insiders who bought Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) stock lover the last 12 months are probably not as affected by last week's 13% loss. Even after accounting for the recent loss, the US$27.8m worth of stock purchased by them is now worth US$42.8m or in other words, their investment continues to give good returns.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Clear Channel Outdoor Holdings
The Last 12 Months Of Insider Transactions At Clear Channel Outdoor Holdings
The insider Arturo Moreno made the biggest insider purchase in the last 12 months. That single transaction was for US$11m worth of shares at a price of US$1.22 each. We do like to see buying, but this purchase was made at well below the current price of US$1.64. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Arturo Moreno purchased 26.10m shares over the year. The average price per share was US$1.07. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Clear Channel Outdoor Holdings Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Clear Channel Outdoor Holdings insiders own about US$68m worth of shares. That equates to 8.6% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Clear Channel Outdoor Holdings Insiders?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Clear Channel Outdoor Holdings we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, Clear Channel Outdoor Holdings has 2 warning signs (and 1 which is concerning) we think you should know about.
But note: Clear Channel Outdoor Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.