OUTFRONT Media Inc. (NYSE:OUT) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in OUTFRONT Media Inc. (NYSE:OUT) by 4.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 66,440 shares of the financial services provider’s stock after acquiring an additional 2,682 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in OUTFRONT Media were worth $928,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of OUTFRONT Media by 4.9% in 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 acquiring an additional 134,360 shares during the period. DAVENPORT & Co LLC acquired a new stake in shares of OUTFRONT Media during the fourth quarter worth $9,774,000. Algert Global LLC lifted its holdings in shares of OUTFRONT Media by 141.5% during the third quarter. Algert Global LLC now owns 819,828 shares of the financial services provider’s stock worth $8,280,000 after purchasing an additional 480,372 shares during the period. Cove Street Capital LLC lifted its holdings in shares of OUTFRONT Media by 1,449.7% during the third quarter. Cove Street Capital LLC now owns 240,200 shares of the financial services provider’s stock worth $2,426,000 after purchasing an additional 224,700 shares during the period. Finally, Maven Securities LTD acquired a new stake in shares of OUTFRONT Media during the third quarter worth $1,511,000.

OUTFRONT Media Stock Up 2.1 %

OUT opened at $15.42 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 4.39. The firm has a market cap of $2.56 billion, a P/E ratio of -5.78, a PEG ratio of 0.97 and a beta of 1.87. OUTFRONT Media Inc. has a 52 week low of $8.18 and a 52 week high of $17.02. The business’s fifty day simple moving average is $15.35 and its 200 day simple moving average is $13.40.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 1st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date of this dividend was Thursday, February 29th. OUTFRONT Media’s payout ratio is currently -44.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. TheStreet raised OUTFRONT Media from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. StockNews.com upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.