5 Best Advertising and Ad Tech Stocks To Buy Now

In this article, we will discuss the 5 best advertising and ad tech stocks to buy now. You can see our detailed analysis of the advertising industry and go to the 10 Best Advertising and Ad Tech Stocks To Buy Now.

5. Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Number of Hedge Fund Holders: 34

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) operates as an out-of-home advertising company throughout the U.S. and the Caribbean. As of December 31, 2021, the company operated over 69,000 advertising displays in the Americas and 430,000 advertising displays in Europe.

On February 24, 2022, Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) reported earnings for Q4 2021 for which it beat on both EPS and revenues. The company’s earnings per share were valued at $0.14, beating estimates by $0.16, and it generated quarterly revenues of $742.71 million outperforming market consensus by $2.57 million. As of April 10, 2022, Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has gained 57.43% over the past twelve months and boasts a market capitalization of $1.50 billion.

By the end of the fourth quarter of 2021, 34 hedge funds held stakes worth $330.36 million in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO). This is compared to 28 positions in the preceding quarter with stakes of $257.52 million. The hedge fund sentiment for the stock is positive.

Mason Capital Management was the top shareholder in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) at the end of Q4 2021. According to Insider Monkey’s data, the fund owned over 21.25 million shares of stock which amounted to a stakes value of $70.36 million covering 33.68% of Mason Capital’s Q4 2021 investment portfolio.