OUTFRONT Media Inc. $OUT Stock Holdings Decreased by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 33.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 248,398 shares of the financial services provider’s stock after selling 125,448 shares during the quarter. Allianz Asset Management GmbH’s holdings in OUTFRONT Media were worth $4,551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB bought a new stake in shares of OUTFRONT Media in the 2nd quarter valued at approximately $5,414,000. Pacific Heights Asset Management LLC boosted its holdings in OUTFRONT Media by 40.0% in the third quarter. Pacific Heights Asset Management LLC now owns 700,000 shares of the financial services provider’s stock worth $12,824,000 after purchasing an additional 200,000 shares during the period. Russell Investments Group Ltd. increased its stake in OUTFRONT Media by 26.3% during the second quarter. Russell Investments Group Ltd. now owns 585,338 shares of the financial services provider’s stock valued at $9,553,000 after purchasing an additional 121,987 shares during the last quarter. Advisors Capital Management LLC raised its holdings in shares of OUTFRONT Media by 36.0% during the second quarter. Advisors Capital Management LLC now owns 1,881,277 shares of the financial services provider’s stock worth $30,702,000 after purchasing an additional 497,781 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of OUTFRONT Media by 44.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 192,695 shares of the financial services provider’s stock worth $3,145,000 after buying an additional 59,275 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently weighed in on OUT. Zacks Research upgraded shares of OUTFRONT Media from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. New Street Research set a $24.00 price objective on OUTFRONT Media in a research note on Tuesday, November 11th. JPMorgan Chase & Co. upgraded OUTFRONT Media from a “neutral” rating to an “overweight” rating and raised their target price for the company from $19.00 to $25.00 in a research note on Wednesday, November 12th. Citigroup reissued a “buy” rating and set a $23.00 price target (up previously from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. Finally, Wall Street Zen raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $24.57.

OUTFRONT Media Trading Down 0.0%

Shares of NYSE:OUT opened at $26.38 on Wednesday. The firm has a market cap of $4.41 billion, a P/E ratio of 38.79, a P/E/G ratio of 1.32 and a beta of 1.56. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 4.75. OUTFRONT Media Inc. has a twelve month low of $12.95 and a twelve month high of $27.04. The company has a 50 day moving average of $24.43 and a 200-day moving average of $20.88.

Insiders Place Their Bets

In related news, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total transaction of $276,026.79. Following the transaction, the director directly owned 47,515 shares of the company’s stock, valued at $1,163,642.35. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.