Versor Investments LP Makes New Investment in OUTFRONT Media Inc. $OUT

Versor Investments LP acquired a new position in shares of OUTFRONT Media Inc. (NYSE:OUT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,700 shares of the financial services provider’s stock, valued at approximately $1,259,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Private Trust Co. NA bought a new stake in OUTFRONT Media in the 3rd quarter worth approximately $33,000. Rossby Financial LCC boosted its position in 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 buying an additional 2,071 shares during the period. State of Wyoming increased its holdings in shares of OUTFRONT Media by 155.5% in 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% in the 2nd quarter. Osaic Holdings Inc. now owns 9,126 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 2,851 shares during the last quarter. Finally, CWM LLC boosted its holdings in OUTFRONT Media by 8.3% during the 3rd quarter. CWM LLC now owns 8,229 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 631 shares during the period.

Insider Activity at OUTFRONT Media

In other news, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction that occurred 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 completion of the sale, the director directly owned 47,515 shares in the company, valued at $1,163,642.35. The trade was a 19.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by insiders.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock opened at $26.36 on Tuesday. The business has a fifty day simple moving average of $24.37 and a two-hundred day simple moving average of $20.82. The firm has a market capitalization of $4.41 billion, a P/E ratio of 38.76, a P/E/G ratio of 1.34 and a beta of 1.56. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 4.75. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $27.04.

Analysts Set New Price Targets

OUT has been the topic of several recent analyst reports. Zacks Research upgraded shares of OUTFRONT Media from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Wall Street Zen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Barrington Research restated an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a report on Friday, November 7th. Morgan Stanley upgraded OUTFRONT Media from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $28.00 in a report on Tuesday, December 16th. Finally, TD Cowen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $24.57.

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.