Barnett & Company Inc. Takes $1.52 Million Position in OUTFRONT Media Inc. $OUT

Barnett & Company Inc. acquired a new position in shares of OUTFRONT Media Inc. (NYSE:OUT) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 82,900 shares of the financial services provider’s stock, valued at approximately $1,519,000. OUTFRONT Media comprises about 1.2% of Barnett & Company Inc.’s investment portfolio, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Trust Co. NA purchased a new position in OUTFRONT Media during the third quarter worth $33,000. Rossby Financial LCC boosted its stake in shares of OUTFRONT Media by 42.4% during the second quarter. Rossby Financial LCC now owns 6,953 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 2,071 shares during the last quarter. State of Wyoming increased its position in OUTFRONT Media by 155.5% during the 2nd quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 4,853 shares in the last quarter. Osaic Holdings Inc. increased its position in OUTFRONT Media by 45.4% during the 2nd quarter. Osaic Holdings Inc. now owns 9,126 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 2,851 shares in the last quarter. Finally, CWM LLC raised its stake in OUTFRONT Media by 8.3% in the 3rd quarter. CWM LLC now owns 8,229 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 631 shares during the last quarter.

OUTFRONT Media Stock Up 3.4%

NYSE OUT opened at $26.15 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 4.75. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $27.04. The business has a 50 day moving average price of $24.74 and a two-hundred day moving average price of $21.28. The stock has a market cap of $4.37 billion, a PE ratio of 38.45, a P/E/G ratio of 1.30 and a beta of 1.56.

Insider Activity

In related news, Director Manuel A. Diaz sold 11,271 shares of the company’s 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 directly owned 47,515 shares of the company’s stock, valued at $1,163,642.35. This represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on OUT. JPMorgan Chase & Co. upgraded shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $25.00 in a report on Wednesday, November 12th. Zacks Research upgraded shares of OUTFRONT Media from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Citigroup reiterated a “buy” rating and issued a $23.00 price target (up from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. Wells Fargo & Company reiterated an “overweight” rating and issued a $27.00 target price (up from $23.00) on shares of OUTFRONT Media in a research note on Thursday, December 18th. Finally, TD Cowen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $24.57.

OUTFRONT Media Profile

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.