Waterloo Capital L.P. Buys Shares of 82,029 OUTFRONT Media Inc. (NYSE:OUT)

Waterloo Capital L.P. purchased a new position in shares of OUTFRONT Media Inc. (NYSE:OUTFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 82,029 shares of the financial services provider’s stock, valued at approximately $1,145,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OUT. Spire Wealth Management acquired a new stake in OUTFRONT Media during the 4th quarter worth approximately $28,000. Versant Capital Management Inc boosted its holdings in OUTFRONT Media by 1,369.2% in the fourth quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 2,177 shares during the period. Allworth Financial LP boosted its holdings in OUTFRONT Media by 52.7% in the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 874 shares during the period. CWM LLC grew its stake in OUTFRONT Media by 163.6% during the 4th quarter. CWM LLC now owns 6,044 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 3,751 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in OUTFRONT Media by 343.7% during the 4th quarter. Signaturefd LLC now owns 7,041 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 5,454 shares during the period.

OUTFRONT Media Stock Down 0.8 %

OUTFRONT Media stock traded down $0.12 during mid-day trading on Friday, hitting $13.80. The company had a trading volume of 1,629,580 shares, compared to its average volume of 1,640,189. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.58 and a current ratio of 0.58. OUTFRONT Media Inc. has a 1 year low of $8.18 and a 1 year high of $17.02. The business has a fifty day moving average of $15.17 and a 200 day moving average of $14.39.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.70%. The ex-dividend date is Friday, June 7th. OUTFRONT Media’s payout ratio is -45.11%.

Wall Street Analysts Forecast Growth

OUT has been the subject of a number of analyst reports. Barrington Research reissued an “outperform” rating and set a $17.00 price objective on shares of OUTFRONT Media in a research report on Tuesday, May 28th. TheStreet raised shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Finally, StockNews.com raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.75.

Check Out Our Latest Stock Analysis on OUTFRONT Media

About OUTFRONT Media

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

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