Gradient Investments LLC Purchases New Holdings in Outfront Media Inc (OUT)

Gradient Investments LLC purchased a new stake in Outfront Media Inc (NYSE:OUT) in the fourth quarter, Holdings Channel reports. The firm purchased 327,920 shares of the financial services provider’s stock, valued at approximately $7,608,000.

Several other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of Outfront Media by 10.3% in the third quarter. JPMorgan Chase & Co. now owns 15,690,108 shares of the financial services provider’s stock valued at $385,664,000 after buying an additional 1,460,082 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of Outfront Media by 13.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 3,422,025 shares of the financial services provider’s stock valued at $79,391,000 after buying an additional 399,090 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Outfront Media by 97.2% in the third quarter. Neuberger Berman Group LLC now owns 2,545,404 shares of the financial services provider’s stock valued at $64,093,000 after buying an additional 1,254,605 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Outfront Media by 4.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,642,750 shares of the financial services provider’s stock valued at $41,365,000 after buying an additional 66,425 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Outfront Media by 12.5% in the third quarter. Wells Fargo & Company MN now owns 1,492,382 shares of the financial services provider’s stock valued at $37,577,000 after buying an additional 165,762 shares during the last quarter. 98.94% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently issued reports on OUT. Zacks Investment Research cut Outfront Media from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a report on Wednesday, January 10th. ValuEngine cut Outfront Media from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $29.83.

Shares of Outfront Media Inc (NYSE OUT) opened at $21.04 on Friday. The firm has a market capitalization of $2,916.90, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01. Outfront Media Inc has a twelve month low of $20.46 and a twelve month high of $27.89. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.73.

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Outfront Media Company Profile

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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Institutional Ownership by Quarter for Outfront Media (NYSE:OUT)

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