Nuveen Asset Management LLC Has $7.82 Million Position in OUTFRONT Media Inc. (NYSE:OUT)

Nuveen Asset Management LLC reduced its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 18.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 440,736 shares of the financial services provider's stock after selling 99,879 shares during the quarter. Nuveen Asset Management LLC owned about 0.27% of OUTFRONT Media worth $7,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in OUTFRONT Media by 43.0% during the third quarter. Barclays PLC now owns 501,439 shares of the financial services provider's stock worth $9,218,000 after acquiring an additional 150,669 shares in the last quarter. Fifth Third Bancorp grew its position in shares of OUTFRONT Media by 56.4% in the 4th quarter. Fifth Third Bancorp now owns 11,608 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 4,186 shares during the period. KBC Group NV increased its stake in 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 purchasing an additional 2,006 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in OUTFRONT Media by 2.1% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 211,099 shares of the financial services provider's stock worth $3,745,000 after buying an additional 4,384 shares during the period. Finally, Journey Strategic Wealth LLC lifted its stake in OUTFRONT Media by 10.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 11,394 shares of the financial services provider's stock valued at $202,000 after buying an additional 1,090 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley dropped their price objective on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Wall Street Zen downgraded OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Barrington Research reiterated an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 21st. Finally, Citigroup reaffirmed a "buy" rating and set a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $18.23.

OUTFRONT Media Stock Up 1.9%

Shares of NYSE OUT traded up $0.31 during trading hours on Tuesday, hitting $16.79. The company had a trading volume of 1,514,800 shares, compared to its average volume of 1,656,866. The stock has a market capitalization of $2.81 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 1.06 and a beta of 1.84. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The firm's 50 day moving average is $15.39 and its 200-day moving average is $17.31.

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

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 7.15%. OUTFRONT Media's dividend payout ratio (DPR) is currently 78.95%.

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.