Those following along with Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) will no doubt be intrigued by the recent purchase of shares by W. Moreland, Independent Chairman of the Board of the company, who spent a stonking US$1.0m on stock at an average price of US$1.26. That purchase boosted their holding by 53%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

View our latest analysis for Clear Channel Outdoor Holdings

Clear Channel Outdoor Holdings Insider Transactions Over The Last Year

The insider Arturo Moreno made the biggest insider purchase in the last 12 months. That single transaction was for US$23m worth of shares at a price of US$1.65 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$1.27). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

In the last twelve months Clear Channel Outdoor Holdings insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

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. Insiders own 13% of Clear Channel Outdoor Holdings shares, worth about US$81m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Clear Channel Outdoor Holdings Tell Us?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Clear Channel Outdoor Holdings insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Clear Channel Outdoor Holdings. Every company has risks, and we've spotted 1 warning sign for Clear Channel Outdoor Holdings 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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