Arizona State Retirement System Reduces Position in OUTFRONT Media Inc. (NYSE:OUT)

Arizona State Retirement System trimmed its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,523 shares of the financial services provider’s stock after selling 756 shares during the quarter. Arizona State Retirement System’s holdings in OUTFRONT Media were worth $580,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. DAVENPORT & Co LLC acquired a new position in OUTFRONT Media in the fourth quarter worth about $9,774,000. Fifth Third Bancorp grew its stake in OUTFRONT Media by 67.8% in the fourth quarter. Fifth Third Bancorp now owns 7,261 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 2,935 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in OUTFRONT Media in the fourth quarter worth about $175,000. Versant Capital Management Inc grew its stake in OUTFRONT Media by 1,369.2% in the fourth quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 2,177 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in OUTFRONT Media by 4.9% in the third quarter. Wellington Management Group LLP now owns 2,857,027 shares of the financial services provider’s stock worth $28,856,000 after purchasing an additional 134,360 shares in the last quarter.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $14.83 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 4.39. The business has a 50 day moving average of $15.22 and a two-hundred day moving average of $13.21. OUTFRONT Media Inc. has a 52 week low of $8.18 and a 52 week high of $17.02. The company has a market cap of $2.46 billion, a P/E ratio of -5.55, a PEG ratio of 0.97 and a beta of 1.87.

OUTFRONT Media Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 1st were paid a $0.30 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a yield of 8.09%. OUTFRONT Media’s payout ratio is currently -44.94%.

Wall Street Analyst Weigh In

OUT has been the subject of a number of research reports. StockNews.com upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. TheStreet upgraded OUTFRONT Media from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, OUTFRONT Media currently has a consensus rating of “Hold” and an average price target of $14.50.

OUTFRONT Media Profile

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.