OUTFRONT Media Inc. (NYSE:OUT) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,115,268 shares of the financial services provider's stock after buying an additional 342,413 shares during the quarter. Wellington Management Group LLP owned approximately 2.46% of OUTFRONT Media worth $73,005,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P bought a new stake in OUTFRONT Media in the fourth quarter valued at about $47,000. Sterling Capital Management LLC increased its holdings in OUTFRONT Media by 672.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $51,000 after buying an additional 2,522 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in 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 buying an additional 2,555 shares during the last quarter. KBC Group NV increased its holdings in 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 buying an additional 2,006 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in OUTFRONT Media in the fourth quarter valued at about $113,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on OUT shares. Wall Street Zen lowered OUTFRONT Media from a "hold" rating to a "sell" rating in a report on Monday, May 12th. Wells Fargo & Company lowered their target price on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 9th. JPMorgan Chase & Co. lowered their target price on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Barrington Research reaffirmed an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Finally, Morgan Stanley lowered their target price on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, OUTFRONT Media currently has an average rating of "Hold" and a consensus target price of $18.23.

OUTFRONT Media Stock Performance

OUT stock traded down $0.03 on Monday, reaching $16.50. The company's stock had a trading volume of 1,383,129 shares, compared to its average volume of 1,657,502. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $19.98. The company has a market capitalization of $2.76 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.84. The firm has a fifty day moving average of $15.38 and a two-hundred day moving average of $17.32. 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 (NYSE:OUT - Get Free Report) last issued its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $396.17 million. As a group, analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend was Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) is 78.95%.

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.