OUTFRONT Media Inc. $OUT Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 84.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 77,236 shares of the financial services provider’s stock after acquiring an additional 35,429 shares during the period. Advisors Asset Management Inc.’s holdings in OUTFRONT Media were worth $1,415,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Private Trust Co. NA acquired a new stake in OUTFRONT Media in the 3rd quarter worth approximately $33,000. Rossby Financial LCC raised its holdings in shares of OUTFRONT Media by 42.4% in the second quarter. Rossby Financial LCC now owns 6,953 shares of the financial services provider’s stock worth $113,000 after buying an additional 2,071 shares during the last quarter. State of Wyoming lifted its stake in shares of OUTFRONT Media by 155.5% during the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock worth $130,000 after buying an additional 4,853 shares during the period. Osaic Holdings Inc. lifted its stake in shares of OUTFRONT Media by 45.4% during the second quarter. Osaic Holdings Inc. now owns 9,126 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,851 shares during the period. Finally, CWM LLC grew its holdings in shares of OUTFRONT Media by 8.3% during the third quarter. CWM LLC now owns 8,229 shares of the financial services provider’s stock valued at $151,000 after buying an additional 631 shares during the last quarter.

Insider Activity at OUTFRONT Media

In related news, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $24.49, for a total value of $276,026.79. Following the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $1,163,642.35. This trade represents a 19.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company restated an “overweight” rating and issued a $27.00 target price (up previously from $23.00) on shares of OUTFRONT Media in a research note on Thursday, December 18th. JPMorgan Chase & Co. raised OUTFRONT Media from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $25.00 in a report on Wednesday, November 12th. Morgan Stanley raised OUTFRONT Media from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $20.00 to $28.00 in a report on Tuesday, December 16th. TD Cowen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. Finally, New Street Research set a $24.00 price target on shares of OUTFRONT Media in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $24.57.

OUTFRONT Media Trading Down 0.3%

OUT stock opened at $25.04 on Tuesday. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $27.04. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 4.75. The firm has a market cap of $4.19 billion, a P/E ratio of 36.82, a PEG ratio of 1.25 and a beta of 1.56. The company’s 50-day simple moving average is $24.59 and its 200-day simple moving average is $21.09.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.