Vanguard Group Inc. Sells 1,596,492 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Vanguard Group Inc. cut its stake in OUTFRONT Media Inc. (NYSE:OUTFree Report) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,758,211 shares of the financial services provider’s stock after selling 1,596,492 shares during the period. Vanguard Group Inc. owned about 14.39% of OUTFRONT Media worth $239,958,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC grew its stake in OUTFRONT Media by 116.7% in the 1st quarter. Belpointe Asset Management LLC now owns 1,560 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 840 shares in the last quarter. State of Wyoming bought a new stake in shares of OUTFRONT Media during the second quarter valued at approximately $26,000. Lazard Asset Management LLC purchased a new stake in shares of OUTFRONT Media in the first quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. bought a new position in OUTFRONT Media in the fourth quarter worth approximately $33,000. Finally, Quantbot Technologies LP purchased a new position in OUTFRONT Media during the 1st quarter worth $41,000.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock opened at $16.79 on Friday. The company has a market capitalization of $2.79 billion, a PE ratio of -6.29, a P/E/G ratio of 1.09 and a beta of 1.86. The company has a 50-day simple moving average of $14.49 and a two-hundred day simple moving average of $12.68. OUTFRONT Media Inc. has a one year low of $8.18 and a one year high of $17.02. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.67 and a current ratio of 0.67.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date was Thursday, February 29th. OUTFRONT Media’s payout ratio is currently -44.94%.

Analyst Ratings Changes

A number of research firms have recently issued reports on OUT. TheStreet raised OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, OUTFRONT Media presently has an average rating of “Hold” and an average price target of $14.50.

Check Out Our Latest Analysis on OUTFRONT Media

About OUTFRONT Media

(Free Report)

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.

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Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

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