Top 5 Stock Picks Of Don Morgan’s Brigade Capital

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

Mr. Morgan’s Stake Value: $29 million

Percentage of Mr. Morgan’s 13F Portfolio: 1.78%

Number of Hedge Fund Holders: 27

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) is an American company founded in 1901, that owns and sells advertisement spaces in the country and all over the globe. Its products cover a large number of segments such as billboards, transit spaces, customized structures and others. Additionally,  it also provides furniture and cleaning services.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)’s biggest shareholder is Kenneth Mario Garschina’s Mason Capital Management with 22 million shares worth $58 million.

Mr. Morgan held 11 million shares of the Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) worth $29 million and represented 1.78% of his portfolio by the end of the second quarter. During the same period, 27 of the 873 hedge funds polled by Insider Monkey held a stake in the company.