BNP Paribas Financial Markets Reduces Stock Position in OUTFRONT Media Inc. (NYSE:OUT)

BNP Paribas Financial Markets decreased its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,347 shares of the financial services provider's stock after selling 65,916 shares during the period. BNP Paribas Financial Markets owned 0.15% of OUTFRONT Media worth $3,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in OUT. FMR LLC raised its position in OUTFRONT Media by 50.8% during the third quarter. FMR LLC now owns 6,300,057 shares of the financial services provider's stock valued at $63,631,000 after purchasing an additional 2,122,950 shares during the period. Invesco Ltd. raised its position in OUTFRONT Media by 39.5% during the third quarter. Invesco Ltd. now owns 4,543,787 shares of the financial services provider's stock valued at $45,892,000 after purchasing an additional 1,285,752 shares during the period. Charles Schwab Investment Management Inc. raised its position in OUTFRONT Media by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,866,788 shares of the financial services provider's stock valued at $40,020,000 after purchasing an additional 91,139 shares during the period. Wellington Management Group LLP raised its position in OUTFRONT Media by 4.9% during the third quarter. Wellington Management Group LLP now owns 2,857,027 shares of the financial services provider's stock valued at $28,856,000 after purchasing an additional 134,360 shares during the period. Finally, Lasalle Investment Management Securities LLC raised its position in OUTFRONT Media by 80.9% during the third quarter. Lasalle Investment Management Securities LLC now owns 2,849,449 shares of the financial services provider's stock valued at $28,779,000 after purchasing an additional 1,273,878 shares during the period.

Analyst Ratings Changes

OUT has been the topic of a number of recent research reports. TheStreet upgraded OUTFRONT Media from a "d+" rating to a "c-" rating in a research report on Tuesday, March 5th. Barrington Research reiterated an "outperform" rating and issued a $17.00 price target on shares of OUTFRONT Media in a report on Friday, May 3rd. Finally, StockNews.com upgraded OUTFRONT Media from a "sell" rating to a "hold" rating in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $14.75.

OUTFRONT Media Trading Down 1.7 %

NYSE:OUT traded down $0.26 during midday trading on Wednesday, hitting $14.64. The stock had a trading volume of 1,549,137 shares, compared to its average volume of 1,963,726. OUTFRONT Media Inc. has a one year low of $8.18 and a one year high of $17.02. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of -5.50, a PEG ratio of 0.94 and a beta of 1.87. The stock has a 50-day moving average of $15.66 and a 200 day moving average of $14.22. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 5.08.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.30 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.20 annualized dividend and a yield of 8.20%. OUTFRONT Media's dividend payout ratio (DPR) is currently -45.11%.

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.