Keeley Teton Advisors LLC trimmed its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 20.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,388,700 shares of the financial services provider’s stock after selling 361,568 shares during the period. OUTFRONT Media makes up about 1.9% of Keeley Teton Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Keeley Teton Advisors LLC owned 1.00% of OUTFRONT Media worth $34,967,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of OUTFRONT Media by 10.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,690,108 shares of the financial services provider’s stock worth $385,664,000 after acquiring an additional 1,460,082 shares during the period. Vanguard Group Inc. lifted its holdings in shares of OUTFRONT Media by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 11,686,258 shares of the financial services provider’s stock worth $270,185,000 after acquiring an additional 535,730 shares during the period. BlackRock Inc. lifted its holdings in shares of OUTFRONT Media by 7.6% during the 2nd quarter. BlackRock Inc. now owns 7,891,111 shares of the financial services provider’s stock worth $182,443,000 after acquiring an additional 555,673 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of OUTFRONT Media during the 2nd quarter worth about $100,424,000. Finally, Deprince Race & Zollo Inc. increased its position in shares of OUTFRONT Media by 1.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 3,022,935 shares of the financial services provider’s stock worth $76,118,000 after purchasing an additional 42,355 shares in the last quarter.
Shares of OUTFRONT Media Inc. (NYSE OUT) traded down $0.16 during trading on Wednesday, hitting $22.93. 1,146,500 shares of the company were exchanged, compared to its average volume of 855,784. The firm has a market cap of $3,170.00, a PE ratio of 11.78, a P/E/G ratio of 1.82 and a beta of 1.13. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.73. OUTFRONT Media Inc. has a 1-year low of $20.82 and a 1-year high of $27.89.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend is Thursday, December 7th. OUTFRONT Media’s payout ratio is presently 171.43%.
OUT has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Loop Capital reiterated a “buy” rating and set a $28.00 target price (up previously from $27.00) on shares of OUTFRONT Media in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Barrington Research reiterated an “outperform” rating and set a $26.00 target price (down previously from $29.00) on shares of OUTFRONT Media in a research report on Monday, August 14th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $30.00 target price on shares of OUTFRONT Media in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.17.
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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