OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. cut its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 201,530 shares of the financial services provider’s stock after selling 12,620 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in OUTFRONT Media were worth $2,813,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. State of Tennessee Treasury Department raised its stake in shares of OUTFRONT Media by 0.6% in the fourth quarter. State of Tennessee Treasury Department now owns 92,766 shares of the financial services provider’s stock valued at $1,538,000 after acquiring an additional 517 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in shares of OUTFRONT Media by 116.7% during the first quarter. Belpointe Asset Management LLC now owns 1,560 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 840 shares during the last quarter. Allworth Financial LP grew its holdings in shares of OUTFRONT Media by 52.7% during the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 874 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of OUTFRONT Media by 11.9% during the first quarter. Mackenzie Financial Corp now owns 9,120 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 970 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of OUTFRONT Media during the first quarter worth about $28,000.

OUTFRONT Media Stock Performance

Shares of NYSE OUT traded down $0.59 during midday trading on Friday, reaching $15.41. 1,100,352 shares of the company were exchanged, compared to its average volume of 2,051,966. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.67 and a current ratio of 0.67. OUTFRONT Media Inc. has a 1 year low of $8.18 and a 1 year high of $17.02. The stock has a fifty day simple moving average of $14.99 and a 200 day simple moving average of $13.04.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date was Thursday, February 29th. OUTFRONT Media’s dividend payout ratio is currently -44.94%.

Wall Street Analyst Weigh In

OUT has been the topic of several research reports. StockNews.com raised OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. TheStreet raised OUTFRONT Media from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $14.50.

OUTFRONT Media Profile

OUTFRONT leverages the power of technology, location, and creativity to connect 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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.