Advisors Capital Management LLC Acquires 316,107 Shares of OUTFRONT Media Inc. $OUT

Advisors Capital Management LLC raised its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 16.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,197,384 shares of the financial services provider’s stock after buying an additional 316,107 shares during the quarter. Advisors Capital Management LLC owned about 1.31% of OUTFRONT Media worth $40,256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its position in OUTFRONT Media by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock valued at $80,393,000 after acquiring an additional 448,993 shares during the period. Lasalle Investment Management Securities LLC increased its position in shares of OUTFRONT Media by 24.0% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 3,925,402 shares of the financial services provider’s stock worth $64,063,000 after purchasing an additional 758,952 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in OUTFRONT Media by 10.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,888,621 shares of the financial services provider’s stock valued at $47,142,000 after purchasing an additional 275,023 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in OUTFRONT Media by 0.7% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,264,674 shares of the financial services provider’s stock valued at $36,959,000 after buying an additional 16,560 shares in the last quarter. Finally, LSV Asset Management boosted its position in OUTFRONT Media by 9.0% in the second quarter. LSV Asset Management now owns 2,185,350 shares of the financial services provider’s stock valued at $35,665,000 after buying an additional 179,902 shares in the last quarter.

Wall Street Analyst Weigh In

OUT has been the subject of a number of research analyst reports. New Street Research set a $24.00 target price on shares of OUTFRONT Media in a research note on Tuesday, November 11th. Wall Street Zen raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Zacks Research upgraded OUTFRONT Media from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Barrington Research reiterated an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Friday, November 7th. Finally, TD Cowen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat, OUTFRONT Media currently has a consensus rating of “Buy” and an average target price of $24.57.

OUTFRONT Media Price Performance

OUTFRONT Media stock opened at $25.07 on Wednesday. The business’s 50-day simple moving average is $24.62 and its 200 day simple moving average is $21.15. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 4.75. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 1.25 and a beta of 1.56. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $27.04.

Insider Activity at OUTFRONT Media

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $24.49, for a total value of $276,026.79. Following the transaction, the director directly owned 47,515 shares of the company’s stock, valued at approximately $1,163,642.35. This trade represents a 19.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.