Sei Investments Co. trimmed its position in shares of Outfront Media Inc (NYSE:OUT) by 1.1% in the 4th quarter, Holdings Channel reports. The fund owned 748,086 shares of the financial services provider’s stock after selling 8,346 shares during the quarter. Sei Investments Co.’s holdings in Outfront Media were worth $17,355,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of OUT. JPMorgan Chase & Co. raised its stake in shares of Outfront Media by 10.3% during 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 acquiring an additional 1,460,082 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Outfront Media by 97.2% during 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 acquiring an additional 1,254,605 shares during the last quarter. Magnolia Group LLC bought a new position in shares of Outfront Media during the third quarter valued at about $25,180,000. Point72 Asset Management L.P. bought a new position in shares of Outfront Media during the third quarter valued at about $11,572,000. Finally, Deprince Race & Zollo Inc. raised its stake in shares of Outfront Media by 13.2% during 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 acquiring an additional 399,090 shares during the last quarter. 98.56% of the stock is owned by hedge funds and other institutional investors.
Outfront Media Inc (NYSE:OUT) opened at $21.78 on Tuesday. Outfront Media Inc has a 52-week low of $20.46 and a 52-week high of $27.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $3,019.50, a PE ratio of 11.11, a P/E/G ratio of 1.51 and a beta of 1.01.
Several equities analysts have recently commented on OUT shares. Zacks Investment Research raised shares of Outfront Media from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, January 2nd. ValuEngine cut shares of Outfront Media from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.83.
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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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