5 Small-Cap Stocks with High Potential

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

Number of hedge funds: 33

Texas-based Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) sells advertising services via billboards, kiosks, advertising services, electronic screens and wallscape displays. As of the end of the third quarter of 2022, 33 hedge funds tracked by Insider Monkey reported having stakes in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), compared to 32 funds in the previous quarter. During the third quarter, Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)’s net loss came in at $38.8 million. Revenue in the quarter jumped 1.1% to reach $602.91 million, missing analyst estimates by $0.76 million. Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)’s management said that Clear Channel’s business “remains healthy” as advertisers are continuing to tap the out of home market.