OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 10.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,799 shares of the financial services provider’s stock after selling 2,994 shares during the period. Private Advisor Group LLC’s holdings in OUTFRONT Media were worth $456,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OUT. DigitalBridge Group Inc. grew its stake in OUTFRONT Media by 11.7% in the second quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider’s stock worth $44,703,000 after purchasing an additional 327,125 shares in the last quarter. Lasalle Investment Management Securities LLC grew its stake in OUTFRONT Media by 17.3% in the first quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock worth $47,733,000 after purchasing an additional 419,706 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in OUTFRONT Media by 10.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider’s stock worth $30,567,000 after purchasing an additional 210,208 shares in the last quarter. DAVENPORT & Co LLC grew its stake in OUTFRONT Media by 145.8% in the first quarter. DAVENPORT & Co LLC now owns 1,720,884 shares of the financial services provider’s stock worth $28,825,000 after purchasing an additional 1,020,719 shares in the last quarter. Finally, Land & Buildings Investment Management LLC acquired a new position in OUTFRONT Media in the second quarter worth about $22,724,000.

Analyst Ratings Changes

A number of equities analysts have commented on OUT shares. Wells Fargo & Company started coverage on OUTFRONT Media in a research note on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price for the company. TD Cowen started coverage on OUTFRONT Media in a research note on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price for the company. StockNews.com downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Barrington Research lifted their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Finally, Wolfe Research downgraded OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.50.

OUTFRONT Media Stock Performance

OUT opened at $17.98 on Tuesday. The business’s 50 day moving average is $17.87 and its 200-day moving average is $15.97. The stock has a market cap of $2.98 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.16 and a beta of 1.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71. OUTFRONT Media Inc. has a twelve month low of $11.06 and a twelve month high of $19.33.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.60. The company had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $482.27 million. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. On average, analysts predict that OUTFRONT Media Inc. will post 1.53 earnings per share for the current year.

OUTFRONT Media Company Profile

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.