Peregrine Capital Management LLC Cuts Stake in OUTFRONT Media Inc. (NYSE:OUT)

Peregrine Capital Management LLC lessened its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 15.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 673,786 shares of the financial services provider's stock after selling 126,233 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.41% of OUTFRONT Media worth $9,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Lazard Asset Management LLC purchased a new position in shares of OUTFRONT Media during the 1st quarter worth $28,000. Quantbot Technologies LP purchased a new position in shares of OUTFRONT Media during the 1st quarter valued at $41,000. Belpointe Asset Management LLC lifted its stake in shares of OUTFRONT Media by 116.7% during the 1st quarter. Belpointe Asset Management LLC now owns 1,560 shares of the financial services provider's stock valued at $25,000 after buying an additional 840 shares in the last quarter. State of Wyoming purchased a new position in shares of OUTFRONT Media during the 2nd quarter valued at $26,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of OUTFRONT Media during the 4th quarter valued at $33,000.

OUTFRONT Media Price Performance

NYSE OUT traded down $0.54 on Wednesday, reaching $15.86. The company had a trading volume of 1,697,166 shares, compared to its average volume of 2,067,776. 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 $2.63 billion, a PE ratio of -5.94, a price-to-earnings-growth ratio of 1.07 and a beta of 1.87. The firm's 50 day moving average price is $14.93 and its 200 day moving average price is $13.02. OUTFRONT Media Inc. has a 12 month low of $8.18 and a 12 month high of $17.02.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a yield of 7.57%. OUTFRONT Media's dividend payout ratio is currently -44.94%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. TheStreet upgraded shares of OUTFRONT Media from a "d+" rating to a "c-" rating in a research note on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $14.50.

OUTFRONT Media Company 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.