OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 78.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,239 shares of the financial services provider's stock after selling 69,094 shares during the period. SG Americas Securities LLC's holdings in OUTFRONT Media were worth $269,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in OUT. Norges Bank purchased a new position in shares of OUTFRONT Media during the fourth quarter valued at approximately $66,578,000. Vanguard Group Inc. raised its position in shares of OUTFRONT Media by 16.4% during the 3rd quarter. Vanguard Group Inc. now owns 25,900,724 shares of the financial services provider's stock valued at $393,432,000 after buying an additional 3,643,500 shares during the period. Goldman Sachs Group Inc. lifted its holdings in OUTFRONT Media by 244.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,592,568 shares of the financial services provider's stock valued at $102,137,000 after acquiring an additional 2,548,117 shares during the last quarter. FMR LLC grew its position in OUTFRONT Media by 50.8% in the third quarter. FMR LLC now owns 6,300,057 shares of the financial services provider's stock worth $63,631,000 after acquiring an additional 2,122,950 shares during the period. Finally, State Street Corp increased its stake in OUTFRONT Media by 67.4% during the third quarter. State Street Corp now owns 5,069,894 shares of the financial services provider's stock worth $77,012,000 after acquiring an additional 2,041,812 shares during the last quarter.

OUTFRONT Media Trading Up 0.9 %

Shares of OUT stock traded up $0.14 on Thursday, hitting $16.00. The stock had a trading volume of 1,935,561 shares, compared to its average volume of 2,065,886. The company's 50 day moving average price is $14.99 and its 200-day moving average price is $13.04. OUTFRONT Media Inc. has a 1 year low of $8.18 and a 1 year high of $17.02. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $2.65 billion, a P/E ratio of -5.99, a P/E/G ratio of 1.07 and a beta of 1.87.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.20 annualized dividend and a dividend yield of 7.50%. OUTFRONT Media's dividend payout ratio is presently -44.94%.

Analysts Set New Price Targets

Several brokerages have recently commented on OUT. StockNews.com raised OUTFRONT Media from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. TheStreet raised shares of OUTFRONT Media from a "d+" rating to a "c-" rating in a research note on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $14.50.

About OUTFRONT Media

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.