Paloma Partners Management Co boosted its position in shares of Outfront Media Inc (NYSE:OUT) by 3,941.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 444,575 shares of the financial services provider’s stock after purchasing an additional 433,575 shares during the quarter. Paloma Partners Management Co’s holdings in Outfront Media were worth $10,314,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of OUT. Dimensional Fund Advisors LP purchased a new stake in Outfront Media during the second quarter worth $9,023,000. First Trust Advisors LP boosted its position in Outfront Media by 36.4% during the third quarter. First Trust Advisors LP now owns 253,129 shares of the financial services provider’s stock worth $6,374,000 after purchasing an additional 67,492 shares in the last quarter. Aperio Group LLC boosted its position in Outfront Media by 60.1% during the third quarter. Aperio Group LLC now owns 15,961 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 5,989 shares in the last quarter. Boston Partners purchased a new stake in shares of Outfront Media in the third quarter valued at $3,607,000. Finally, Advantus Capital Management Inc purchased a new stake in shares of Outfront Media in the third quarter valued at $486,000. Institutional investors own 99.46% of the company’s stock.
Shares of Outfront Media Inc (NYSE OUT) opened at $19.26 on Monday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.25 and a quick ratio of 1.26. Outfront Media Inc has a 12-month low of $18.92 and a 12-month high of $26.97. The stock has a market capitalization of $2,679.44, a price-to-earnings ratio of 21.40, a PEG ratio of 1.65 and a beta of 1.06.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.44 annualized dividend and a dividend yield of 7.48%. Outfront Media’s dividend payout ratio is currently 160.00%.
Several brokerages have recently issued reports on OUT. Zacks Investment Research downgraded Outfront Media from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Wells Fargo & Co reduced their price objective on Outfront Media from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Finally, ValuEngine downgraded Outfront Media from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Outfront Media presently has a consensus rating of “Hold” and an average price target of $26.50.
Outfront Media Company Profile
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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