New York State Teachers Retirement System Sells 16,245 Shares of OUTFRONT Media Inc. (NYSE:OUT)

New York State Teachers Retirement System lessened its position in OUTFRONT Media Inc. (NYSE:OUT) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,182 shares of the financial services provider’s stock after selling 16,245 shares during the quarter. New York State Teachers Retirement System’s holdings in OUTFRONT Media were worth $1,245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Belpointe Asset Management LLC grew its position in shares of OUTFRONT Media by 116.7% in the first quarter. Belpointe Asset Management LLC now owns 1,560 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 840 shares during the last quarter. State of Wyoming acquired a new stake in OUTFRONT Media in the 2nd quarter valued at approximately $26,000. Lazard Asset Management LLC bought a new position in OUTFRONT Media in the 1st quarter worth approximately $28,000. Versant Capital Management Inc lifted its holdings in shares of OUTFRONT Media by 1,369.2% during the fourth quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider’s stock worth $33,000 after buying an additional 2,177 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of OUTFRONT Media in the fourth quarter valued at approximately $33,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. TheStreet raised shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.50.

OUTFRONT Media Stock Performance

NYSE:OUT opened at $14.85 on Thursday. The firm has a market capitalization of $2.46 billion, a PE ratio of -5.56, a price-to-earnings-growth ratio of 0.99 and a beta of 1.87. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 4.39. OUTFRONT Media Inc. has a 12-month low of $8.18 and a 12-month high of $17.02. The firm has a 50-day moving average price of $15.18 and a 200 day moving average price of $13.20.

OUTFRONT Media Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.08%. OUTFRONT Media’s payout ratio is presently -44.94%.

OUTFRONT Media 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.