12,543 Shares in OUTFRONT Media Inc. (NYSE:OUT) Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. purchased a new stake in OUTFRONT Media Inc. (NYSE:OUT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,543 shares of the financial services provider’s stock, valued at approximately $175,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its holdings in 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 acquiring an additional 2,177 shares during the period. Wellington Management Group LLP boosted its position in OUTFRONT Media by 4.9% in the 3rd quarter. Wellington Management Group LLP now owns 2,857,027 shares of the financial services provider’s stock worth $28,856,000 after purchasing an additional 134,360 shares in the last quarter. Advisors Capital Management LLC grew its stake in shares of OUTFRONT Media by 71.6% during the 3rd quarter. Advisors Capital Management LLC now owns 828,335 shares of the financial services provider’s stock worth $8,366,000 after purchasing an additional 345,626 shares during the period. Penserra Capital Management LLC lifted its stake in shares of OUTFRONT Media by 14.3% in the 3rd quarter. Penserra Capital Management LLC now owns 33,422 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 4,187 shares during the period. Finally, Rush Island Management LP acquired a new position in shares of OUTFRONT Media in the 3rd quarter valued at $12,117,000.

OUTFRONT Media Stock Performance

OUT opened at $15.34 on Friday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -5.75, a PEG ratio of 1.01 and a beta of 1.87. The firm’s fifty day simple moving average is $15.45 and its two-hundred day simple moving average is $13.43. 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 52-week low of $8.18 and a 52-week high of $17.02.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 1st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.82%. OUTFRONT Media’s payout ratio is currently -44.94%.

Wall Street Analyst Weigh In

OUT has been the subject of a number of recent analyst reports. StockNews.com raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. TheStreet upgraded 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.50.

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.