Schwab Charles Investment Management Inc. increased its holdings in shares of Outfront Media Inc (NYSE:OUT) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,080,932 shares of the financial services provider’s stock after purchasing an additional 57,771 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.78% of Outfront Media worth $25,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of OUT. Dimensional Fund Advisors LP purchased a new position in shares of Outfront Media during the second quarter worth $9,023,000. Royal Bank of Canada raised its holdings in shares of Outfront Media by 2.8% during the second quarter. Royal Bank of Canada now owns 44,194 shares of the financial services provider’s stock worth $1,022,000 after purchasing an additional 1,203 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Outfront Media by 105.7% during the second quarter. Cubist Systematic Strategies LLC now owns 21,470 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 11,030 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Outfront Media during the second quarter worth $421,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Outfront Media during the second quarter valued at $345,000. 99.00% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Outfront Media from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Wednesday, January 10th. ValuEngine lowered shares of Outfront Media from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Outfront Media presently has an average rating of “Hold” and a consensus target price of $29.83.
Shares of Outfront Media Inc (OUT) opened at $21.78 on Friday. The company has a market cap of $3,020.00, a price-to-earnings ratio of 25.93, a P/E/G ratio of 1.49 and a beta of 1.01. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.73. Outfront Media Inc has a 52-week low of $20.46 and a 52-week high of $27.89.
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Outfront Media 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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