5 Best Small-Cap Stocks to Buy According to Hedge Funds

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In this article, we discuss the 5 best small-cap stocks to buy according to hedge funds. If you want to read our analysis of small-cap investing, go directly to the 10 Best Small-Cap Stocks to Buy According to Hedge Funds.

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

Market Cap: $1.17 billion
Number of Hedge Fund Holders: 29

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is an American outdoor advertising company. It helps advertisers to create inspiring campaigns using traditional and digital displays. The company has over 450,000 displays in 31 countries. Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) has operations in 44 of the top 50 markets in the U.S.

In Q2 2021, Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) reported revenue of $531 million, up 68.6% from the prior-year quarter. America remained the biggest market for the company, accounting for $271.6 million of the gross revenue. Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) also reported 73.8% year-over-year growth in digital earnings.

In July, Morgan Stanley raised its price target on Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) to $3.15, with an ‘Equal Weight’ rating on the shares. In the past 12 months, Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) has delivered a 130.5% return to shareholders.

As of Q1 2021, 29 hedge funds tracked by Insider Monkey have positions in Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), worth $193.9 million.



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