Advisors Capital Management LLC Has $40.26 Million Stock Holdings in OUTFRONT Media Inc. $OUT

Advisors Capital Management LLC lifted its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 16.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,197,384 shares of the financial services provider’s stock after purchasing an additional 316,107 shares during the quarter. Advisors Capital Management LLC’s holdings in OUTFRONT Media were worth $40,256,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in OUT. Private Trust Co. NA bought a new position in shares of OUTFRONT Media in the 3rd quarter valued at about $33,000. Rossby Financial LCC lifted its position in shares of OUTFRONT Media by 42.4% in 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 last quarter. State of Wyoming boosted its stake in shares of OUTFRONT Media by 155.5% during the 2nd quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 4,853 shares during the period. CWM LLC boosted its stake in shares of OUTFRONT Media by 8.3% during the 3rd quarter. CWM LLC now owns 8,229 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 631 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of OUTFRONT Media by 45.4% during the 2nd quarter. Osaic Holdings Inc. now owns 9,126 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 2,851 shares during the last quarter.

Insider Transactions at OUTFRONT Media

In other news, Director Manuel A. Diaz sold 11,271 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 47,515 shares in the company, valued at approximately $1,163,642.35. This represents a 19.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by corporate insiders.

OUTFRONT Media Stock Up 0.1%

Shares of OUT opened at $25.07 on Wednesday. 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. The firm’s 50 day moving average is $24.62 and its 200-day moving average is $21.15. The stock has a market capitalization of $4.19 billion, a PE ratio of 36.86, a P/E/G ratio of 1.25 and a beta of 1.56.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Zacks Research raised OUTFRONT Media from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Wells Fargo & Company reissued an “overweight” rating and issued a $27.00 price objective (up from $23.00) on shares of OUTFRONT Media in a research report on Thursday, December 18th. Barrington Research reaffirmed an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a report on Friday, November 7th. JPMorgan Chase & Co. raised shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and increased their price target for the company from $19.00 to $25.00 in a report on Wednesday, November 12th. Finally, TD Cowen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. One equities research 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 currently has an average rating of “Buy” and an average price target of $24.57.

OUTFRONT Media Company 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.