DigitalBridge Group Inc. Has $16.36 Million Holdings in OUTFRONT Media Inc. (NYSE:OUT)

DigitalBridge Group Inc. cut its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 922,051 shares of the financial services provider's stock after selling 103,267 shares during the quarter. OUTFRONT Media accounts for 1.2% of DigitalBridge Group Inc.'s holdings, making the stock its 22nd largest position. DigitalBridge Group Inc. owned 0.57% of OUTFRONT Media worth $16,357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OUT. Loomis Sayles & Co. L P bought a new position in OUTFRONT Media in the fourth quarter valued at approximately $47,000. Sterling Capital Management LLC increased its stake in shares of OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 2,522 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of OUTFRONT Media by 19.3% in the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 613 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of OUTFRONT Media by 155.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock worth $73,000 after buying an additional 2,555 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of OUTFRONT Media by 47.9% during the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider's stock worth $110,000 after buying an additional 2,006 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barrington Research reiterated an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Wells Fargo & Company decreased their price target on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Morgan Stanley dropped their price objective on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $17.97.

OUTFRONT Media Trading Up 7.8%

Shares of OUTFRONT Media stock traded up $1.17 on Monday, hitting $16.17. The stock had a trading volume of 1,006,330 shares, compared to its average volume of 1,673,054. The stock has a 50 day moving average of $15.53 and a 200 day moving average of $17.58. OUTFRONT Media Inc. has a twelve month low of $12.95 and a twelve month high of $19.98. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $2.70 billion, a P/E ratio of 11.53, a PEG ratio of 1.06 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. Sell-side analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, June 6th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date of this dividend is Friday, June 6th. OUTFRONT Media's dividend payout ratio is currently 81.63%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.