Scout Investments Inc. grew its position in Outfront Media (NYSE:OUT) by 24.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,429,737 shares of the financial services provider’s stock after buying an additional 276,994 shares during the quarter. Outfront Media makes up approximately 0.6% of Scout Investments Inc.’s portfolio, making the stock its 28th largest position. Scout Investments Inc. owned approximately 1.03% of Outfront Media worth $26,793,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in OUT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Outfront Media by 45.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,430 shares of the financial services provider’s stock worth $172,000 after buying an additional 2,324 shares during the period. Mcdonald Capital Investors Inc. CA acquired a new position in shares of Outfront Media in the first quarter worth about $234,000. Chicago Equity Partners LLC acquired a new position in shares of Outfront Media in the fourth quarter worth about $235,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Outfront Media in the fourth quarter worth about $246,000. Finally, Koch Industries Inc. acquired a new position in shares of Outfront Media in the fourth quarter worth about $254,000. Institutional investors own 98.56% of the company’s stock.
OUT stock opened at $19.78 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.83. The company has a market cap of $2.75 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.64 and a beta of 1.09. Outfront Media has a 52 week low of $17.75 and a 52 week high of $25.30.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 8th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 7.28%. The ex-dividend date is Thursday, June 7th. Outfront Media’s dividend payout ratio is currently 72.00%.
Several analysts recently commented on OUT shares. ValuEngine cut shares of Outfront Media from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wells Fargo decreased their price target on shares of Outfront Media from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Finally, Zacks Investment Research upgraded shares of Outfront Media from a “sell” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Outfront Media presently has an average rating of “Hold” and a consensus price target of $26.50.
About Outfront Media
OUTFRONT Media connects 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 ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.
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