Los Angeles Capital Management LLC Has $1.02 Million Stake in OUTFRONT Media Inc. (NYSE:OUT)

Los Angeles Capital Management LLC lifted its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 48.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,438 shares of the financial services provider’s stock after purchasing an additional 19,682 shares during the period. Los Angeles Capital Management LLC’s holdings in OUTFRONT Media were worth $1,015,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. FMR LLC lifted its holdings 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 valued at $63,631,000 after buying an additional 2,122,950 shares during the period. Invesco Ltd. lifted its holdings in OUTFRONT Media by 39.5% in the third quarter. Invesco Ltd. now owns 4,543,787 shares of the financial services provider’s stock valued at $45,892,000 after buying an additional 1,285,752 shares during the period. Wellington Management Group LLP lifted its holdings in OUTFRONT Media by 6.0% in the fourth quarter. Wellington Management Group LLP now owns 3,027,771 shares of the financial services provider’s stock valued at $42,268,000 after buying an additional 170,744 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in OUTFRONT Media by 3.3% in 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 buying an additional 91,139 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in OUTFRONT Media by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,067,826 shares of the financial services provider’s stock valued at $28,869,000 after buying an additional 44,534 shares during the period.

OUTFRONT Media Stock Up 0.8 %

Shares of OUT stock opened at $13.59 on Monday. The firm has a fifty day moving average of $14.69 and a 200-day moving average of $14.50. 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 Inc. has a 12-month low of $8.18 and a 12-month high of $17.02. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of -5.11, a P/E/G ratio of 0.87 and a beta of 1.91.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.83%. The ex-dividend date is Friday, June 7th. OUTFRONT Media’s dividend payout ratio is -45.11%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on OUT shares. TheStreet upgraded shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 target price on shares of OUTFRONT Media in a research note on Tuesday, May 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, OUTFRONT Media has an average rating of “Hold” and an average price target of $14.75.

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.