OUTFRONT Media Inc. $OUT Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in OUTFRONT Media Inc. (NYSE:OUT) by 84.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,236 shares of the financial services provider’s stock after buying an additional 35,429 shares during the quarter. Advisors Asset Management Inc.’s holdings in OUTFRONT Media were worth $1,415,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Versor Investments LP purchased a new position in shares of OUTFRONT Media in the third quarter valued at approximately $1,259,000. Oppenheimer Asset Management Inc. acquired a new position in OUTFRONT Media in the 3rd quarter valued at $257,000. Envestnet Asset Management Inc. raised its stake in OUTFRONT Media by 23.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 237,172 shares of the financial services provider’s stock valued at $4,345,000 after purchasing an additional 44,477 shares during the last quarter. Penserra Capital Management LLC boosted its stake in OUTFRONT Media by 3.5% during the 3rd quarter. Penserra Capital Management LLC now owns 67,610 shares of the financial services provider’s stock worth $1,238,000 after purchasing an additional 2,283 shares during the last quarter. Finally, AlphaQuest LLC boosted its stake in OUTFRONT Media by 36.6% during the 3rd quarter. AlphaQuest LLC now owns 79,674 shares of the financial services provider’s stock worth $1,460,000 after purchasing an additional 21,330 shares during the last quarter.

OUTFRONT Media Trading Down 0.3%

Shares of NYSE OUT opened at $25.04 on Tuesday. The stock has a fifty day simple moving average of $24.59 and a 200-day simple moving average of $21.09. OUTFRONT Media Inc. has a twelve month low of $12.95 and a twelve month high of $27.04. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 4.75. The stock has a market capitalization of $4.19 billion, a PE ratio of 36.82, a PEG ratio of 1.25 and a beta of 1.56.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. New Street Research set a $24.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, November 11th. Wall Street Zen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Barrington Research reiterated an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a research report on Friday, November 7th. TD Cowen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Tuesday, November 11th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $27.00 target price (up from $23.00) on shares of OUTFRONT Media in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, OUTFRONT Media presently has a consensus rating of “Buy” and an average price target of $24.57.

Insider Transactions at OUTFRONT Media

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $24.49, for a total value of $276,026.79. Following the completion of the transaction, the director owned 47,515 shares in the company, 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 SEC, which is available at the SEC website. 0.47% of the stock is currently owned by company insiders.

OUTFRONT Media 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.