OUTFRONT Media Inc. (NYSE:OUT) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 430,880 shares of the financial services provider's stock after buying an additional 51,635 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of OUTFRONT Media worth $7,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OUT. Loomis Sayles & Co. L P purchased a new position in OUTFRONT Media during the 4th quarter valued at about $47,000. Sterling Capital Management LLC lifted its position in shares of OUTFRONT Media by 672.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after purchasing an additional 2,522 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of OUTFRONT Media by 155.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 2,555 shares during the period. KBC Group NV boosted its stake in shares of OUTFRONT Media by 47.9% in the fourth quarter. KBC Group NV now owns 6,198 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 2,006 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of OUTFRONT Media in the fourth quarter valued at approximately $113,000.

OUTFRONT Media Stock Up 1.9%

Shares of OUT traded up $0.31 during mid-day trading on Tuesday, reaching $16.79. The company's stock had a trading volume of 1,514,800 shares, compared to its average volume of 1,656,933. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.98. The stock has a market cap of $2.81 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.06 and a beta of 1.84. The company's 50 day moving average is $15.38 and its 200 day moving average is $17.32.

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

OUTFRONT Media Announces Dividend

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

Analyst Upgrades and Downgrades

OUT has been the subject of several analyst reports. Barrington Research reissued an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Morgan Stanley decreased their price objective on 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. Wall Street Zen downgraded OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Citigroup restated a "buy" rating and set a $19.00 target price (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Finally, Wells Fargo & Company decreased their price target on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, OUTFRONT Media presently has a consensus rating of "Hold" and an average target price of $18.23.

About OUTFRONT Media

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.