Louisiana State Employees Retirement System Purchases New Stake in OUTFRONT Media Inc. (NYSE:OUT)

Louisiana State Employees Retirement System purchased a new stake in OUTFRONT Media Inc. (NYSE:OUT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 72,700 shares of the financial services provider’s stock, valued at approximately $1,015,000.

A number of other institutional investors have also recently modified their holdings of OUT. SG Americas Securities LLC purchased a new stake in shares of OUTFRONT Media in the third quarter valued at approximately $892,000. Peregrine Capital Management LLC boosted its stake in shares of OUTFRONT Media by 25.5% in the third quarter. Peregrine Capital Management LLC now owns 800,019 shares of the financial services provider’s stock valued at $8,080,000 after buying an additional 162,554 shares in the last quarter. Raymond James & Associates boosted its stake in shares of OUTFRONT Media by 94.6% in the third quarter. Raymond James & Associates now owns 30,024 shares of the financial services provider’s stock valued at $303,000 after buying an additional 14,593 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of OUTFRONT Media by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 1,759,657 shares of the financial services provider’s stock valued at $17,773,000 after buying an additional 7,893 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of OUTFRONT Media by 15.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,628 shares of the financial services provider’s stock valued at $309,000 after buying an additional 4,154 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. TheStreet upgraded OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.50.

OUTFRONT Media Stock Up 0.2 %

OUT opened at $15.45 on Thursday. The business’s fifty day moving average is $15.40 and its two-hundred day moving average is $13.42. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -5.79, a PEG ratio of 0.99 and a beta of 1.87. OUTFRONT Media Inc. has a one year low of $8.18 and a one year high of $17.02.

OUTFRONT Media Dividend Announcement

The business 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. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.20 annualized dividend and a dividend yield of 7.77%. OUTFRONT Media’s dividend payout ratio is currently -44.94%.

OUTFRONT Media 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.