Meeder Asset Management Inc. cut its position in OUTFRONT Media Inc. (NYSE:OUT) by 87.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,179 shares of the financial services provider’s stock after selling 42,833 shares during the period. Meeder Asset Management Inc.’s holdings in OUTFRONT Media were worth $143,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in OUTFRONT Media by 6,693.0% in the first quarter. BlackRock Inc. now owns 7,335,438 shares of the financial services provider’s stock worth $194,756,000 after buying an additional 7,227,453 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in OUTFRONT Media during the first quarter worth approximately $60,408,000. Norges Bank bought a new position in OUTFRONT Media during the fourth quarter worth approximately $32,005,000. Prudential Financial Inc. boosted its position in OUTFRONT Media by 572.2% in the first quarter. Prudential Financial Inc. now owns 1,054,426 shares of the financial services provider’s stock worth $27,995,000 after buying an additional 897,554 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in OUTFRONT Media by 8.3% in the first quarter. Vanguard Group Inc. now owns 11,150,528 shares of the financial services provider’s stock worth $296,046,000 after buying an additional 855,888 shares in the last quarter.
OUTFRONT Media Inc. (OUT) traded down 0.32% during midday trading on Friday, reaching $21.99. 600,519 shares of the company were exchanged. The company has a 50-day moving average of $22.64 and a 200 day moving average of $24.52. OUTFRONT Media Inc. has a 52 week low of $20.72 and a 52 week high of $27.89. The firm has a market capitalization of $3.05 billion, a PE ratio of 29.36 and a beta of 1.13.
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A number of brokerages have recently issued reports on OUT. Barrington Research reaffirmed an “outperform” rating and issued a $26.00 price objective (down previously from $29.00) on shares of OUTFRONT Media in a research note on Monday, August 14th. BidaskClub cut shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. ValuEngine cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, TheStreet cut shares of OUTFRONT Media from a “b-” rating to a “c” rating in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. OUTFRONT Media has an average rating of “Hold” and an average price target of $29.71.
About OUTFRONT Media
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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