Orion Portfolio Solutions LLC Sells 2,098 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Orion Portfolio Solutions LLC decreased its stake in shares of OUTFRONT Media Inc. (NYSE:OUTFree Report) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,695 shares of the financial services provider’s stock after selling 2,098 shares during the period. Orion Portfolio Solutions LLC’s holdings in OUTFRONT Media were worth $420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management bought a new position in OUTFRONT Media during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc raised its position in OUTFRONT Media by 1,369.2% in the fourth quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 2,177 shares during the period. Allworth Financial LP raised its position in OUTFRONT Media by 52.7% in the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 874 shares during the period. CWM LLC raised its position in OUTFRONT Media by 163.6% in the fourth quarter. CWM LLC now owns 6,044 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 3,751 shares during the period. Finally, Signaturefd LLC raised its position in OUTFRONT Media by 343.7% in the fourth quarter. Signaturefd LLC now owns 7,041 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 5,454 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OUT shares. StockNews.com upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. TheStreet upgraded shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of OUTFRONT Media in a research report on Tuesday, May 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.75.

Read Our Latest Report on OUT

OUTFRONT Media Stock Down 0.1 %

Shares of OUT stock opened at $14.21 on Friday. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -5.34, a PEG ratio of 0.92 and a beta of 1.91. OUTFRONT Media Inc. has a one year low of $8.18 and a one year high of $17.02. The company’s fifty day moving average price is $15.23 and its 200-day moving average price is $14.38. The company has a debt-to-equity ratio of 5.08, a current ratio of 0.58 and a quick ratio of 0.58.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 7th. This represents a $1.20 annualized dividend and a dividend yield of 8.44%. OUTFRONT Media’s payout ratio is -45.11%.

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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