700,165 Shares in OUTFRONT Media Inc. (NYSE:OUT) Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC purchased a new stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 700,165 shares of the financial services provider's stock, valued at approximately $9,774,000. DAVENPORT & Co LLC owned 0.42% of OUTFRONT Media at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of OUT. Fifth Third Bancorp raised its holdings in shares of OUTFRONT Media by 67.8% in the 4th quarter. Fifth Third Bancorp now owns 7,261 shares of the financial services provider's stock worth $101,000 after acquiring an additional 2,935 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of OUTFRONT Media in the 4th quarter worth about $175,000. Versant Capital Management Inc raised its position in OUTFRONT Media by 1,369.2% in the 4th quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider's stock valued at $33,000 after buying an additional 2,177 shares during the last quarter. Wellington Management Group LLP raised its position in OUTFRONT Media by 4.9% in the 3rd quarter. Wellington Management Group LLP now owns 2,857,027 shares of the financial services provider's stock valued at $28,856,000 after buying an additional 134,360 shares during the last quarter. Finally, Creative Planning purchased a new position in OUTFRONT Media during the 3rd quarter worth $106,000.

OUTFRONT Media Stock Up 1.2 %

OUTFRONT Media stock traded up $0.19 during midday trading on Wednesday, hitting $16.38. 1,207,830 shares of the stock were exchanged, compared to its average volume of 2,123,610. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 4.39. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -6.13, a price-to-earnings-growth ratio of 1.07 and a beta of 1.87. OUTFRONT Media Inc. has a 52-week low of $8.18 and a 52-week high of $17.02. The business's 50-day moving average price is $14.66 and its 200-day moving average price is $12.81.

OUTFRONT Media Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date was Thursday, February 29th. OUTFRONT Media's payout ratio is -44.94%.

Analysts Set New Price Targets

Several analysts have recently commented on OUT shares. TheStreet upgraded shares of OUTFRONT Media from a "d+" rating to a "c-" rating in a report on Tuesday, March 5th. StockNews.com upgraded shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, OUTFRONT Media presently has a consensus rating of "Hold" and a consensus price target of $14.50.

OUTFRONT Media Profile

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.