Wellington Management Group LLP Acquires 170,744 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Wellington Management Group LLP lifted its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,027,771 shares of the financial services provider’s stock after buying an additional 170,744 shares during the quarter. Wellington Management Group LLP owned about 1.83% of OUTFRONT Media worth $42,268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in OUTFRONT Media during the 4th quarter worth $28,000. Versant Capital Management Inc increased its position in OUTFRONT Media by 1,369.2% in the fourth quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 2,177 shares during the period. Allworth Financial LP increased its position in OUTFRONT Media by 52.7% in the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 874 shares during the period. CWM LLC raised its holdings in OUTFRONT Media by 163.6% during the 4th quarter. CWM LLC now owns 6,044 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 3,751 shares during the last quarter. Finally, Signaturefd LLC lifted its position in OUTFRONT Media by 343.7% during the 4th quarter. Signaturefd LLC now owns 7,041 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 5,454 shares during the period.

Analyst Ratings Changes

OUT has been the subject of a number of recent research reports. Barrington Research reissued an “outperform” rating and set a $17.00 price target on shares of OUTFRONT Media in a research note on Tuesday, May 28th. TheStreet raised 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.75.

OUTFRONT Media Trading Up 0.8 %

Shares of NYSE OUT opened at $13.59 on Monday. OUTFRONT Media Inc. has a twelve month low of $8.18 and a twelve month high of $17.02. The stock has a market cap 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. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 5.08. The company’s fifty day moving average is $14.69 and its 200-day moving average is $14.50.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.20 annualized dividend and a yield of 8.83%. OUTFRONT Media’s dividend payout ratio is presently -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.