OUTFRONT Media Inc. $OUT Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in OUTFRONT Media Inc. (NYSE:OUT) by 23.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 237,172 shares of the financial services provider’s stock after acquiring an additional 44,477 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of OUTFRONT Media worth $4,345,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its holdings in shares of OUTFRONT Media by 85.2% during the second quarter. Ameriprise Financial Inc. now owns 1,788,695 shares of the financial services provider’s stock worth $29,192,000 after purchasing an additional 822,845 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its position in shares of OUTFRONT Media by 24.0% in the second quarter. Lasalle Investment Management Securities LLC now owns 3,925,402 shares of the financial services provider’s stock worth $64,063,000 after acquiring an additional 758,952 shares during the last quarter. Advisors Capital Management LLC grew its holdings in OUTFRONT Media by 36.0% in the second quarter. Advisors Capital Management LLC now owns 1,881,277 shares of the financial services provider’s stock valued at $30,702,000 after purchasing an additional 497,781 shares during the period. Goldman Sachs Group Inc. grew its holdings in OUTFRONT Media by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock valued at $80,393,000 after purchasing an additional 448,993 shares during the period. Finally, Walleye Capital LLC increased its position in OUTFRONT Media by 497.3% during the second quarter. Walleye Capital LLC now owns 400,000 shares of the financial services provider’s stock worth $6,528,000 after purchasing an additional 333,027 shares during the last quarter.

Insider Buying and Selling

In related news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total transaction of $276,026.79. Following the transaction, the director directly owned 47,515 shares of the company’s stock, valued at approximately $1,163,642.35. The trade was a 19.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

OUTFRONT Media Trading Down 0.7%

NYSE:OUT opened at $25.97 on Tuesday. The business’s 50-day moving average is $24.80 and its two-hundred day moving average is $21.37. The firm has a market capitalization of $4.34 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $27.04. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.79 and a quick ratio of 0.79.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barrington Research reiterated an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Friday, November 7th. Citigroup reiterated a “buy” rating and issued a $23.00 target price (up previously from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. Morgan Stanley raised OUTFRONT Media from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $28.00 in a research report on Tuesday, December 16th. TD Cowen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Tuesday, November 11th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $27.00 price objective (up from $23.00) on shares of OUTFRONT Media in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.