5 Best Penny Stocks To Buy Now

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

Number of Hedge Fund Holders: 31

Advertising company Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) shares have gained about 28% over the past six months. Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) in May announced to sell its businesses in Italy and Spain to units of French outdoor advertising firm JCDecaux for about 75.1 million euros. The move came after activist fund Legion Partners reportedly pushed Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) to evaluate a sale of the entire company.