Forsta AP Fonden trimmed its holdings in Outfront Media Inc (NYSE:OUT) by 29.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 58,000 shares of the financial services provider’s stock after selling 24,000 shares during the quarter. Forsta AP Fonden’s holdings in Outfront Media were worth $1,346,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in OUT. 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. 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. Magnolia Group LLC bought a new position in shares of Outfront Media in the third quarter valued at about $25,180,000. Point72 Asset Management L.P. bought a new position in shares of Outfront Media in the third quarter valued at about $11,572,000. Finally, 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. 99.00% of the stock is owned by institutional investors and hedge funds.
OUT has been the subject of a number of research analyst reports. Zacks Investment Research raised Outfront Media from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, January 2nd. ValuEngine cut Outfront Media from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One equities research 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 has an average rating of “Hold” and a consensus price target of $29.83.
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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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