Louisiana State Employees Retirement System Buys Shares of 72,700 OUTFRONT Media Inc. (NYSE:OUT)

Louisiana State Employees Retirement System bought a new stake in OUTFRONT Media Inc. (NYSE:OUT) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 72,700 shares of the financial services provider’s stock, valued at approximately $1,015,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP lifted its stake 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 valued at $35,000 after acquiring an additional 874 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of OUTFRONT Media by 55.7% in the third quarter. Fifth Third Bancorp now owns 4,326 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,547 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of 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 buying an additional 2,177 shares during the last quarter. UBS Group AG lifted its stake in shares of OUTFRONT Media by 0.9% in the third quarter. UBS Group AG now owns 277,513 shares of the financial services provider’s stock worth $2,803,000 after buying an additional 2,585 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of OUTFRONT Media by 4.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,440 shares of the financial services provider’s stock worth $928,000 after buying an additional 2,682 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OUT shares. StockNews.com upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. TheStreet upgraded shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Four 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 currently has a consensus rating of “Hold” and an average price target of $14.50.

OUTFRONT Media Price Performance

NYSE:OUT opened at $15.45 on Thursday. The stock has a market cap of $2.56 billion, a P/E ratio of -5.79, a PEG ratio of 0.99 and a beta of 1.87. OUTFRONT Media Inc. has a one year low of $8.18 and a one year high of $17.02. The company has a fifty day moving average price of $15.40 and a 200 day moving average price of $13.42. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.67 and a quick ratio of 0.67.

OUTFRONT Media Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 7.77%. The ex-dividend date was Thursday, February 29th. OUTFRONT Media’s payout ratio is currently -44.94%.

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.