State of Alaska Department of Revenue increased its holdings in shares of Outfront Media Inc (NYSE:OUT) by 10.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 85,757 shares of the financial services provider’s stock after purchasing an additional 8,267 shares during the quarter. State of Alaska Department of Revenue’s holdings in Outfront Media were worth $1,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Outfront Media by 10.3% during the third quarter. JPMorgan Chase & Co. now owns 15,690,108 shares of the financial services provider’s stock worth $385,664,000 after buying an additional 1,460,082 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Outfront Media by 4.8% during the second quarter. Vanguard Group Inc. now owns 11,686,258 shares of the financial services provider’s stock worth $270,185,000 after buying an additional 535,730 shares during the last quarter. BlackRock Inc. raised its stake in shares of Outfront Media by 7.6% during the second quarter. BlackRock Inc. now owns 7,891,111 shares of the financial services provider’s stock worth $182,443,000 after buying an additional 555,673 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Outfront Media during the second quarter worth approximately $100,424,000. Finally, Deprince Race & Zollo Inc. raised its stake in shares of Outfront Media by 1.4% during the third quarter. Deprince Race & Zollo Inc. now owns 3,022,935 shares of the financial services provider’s stock worth $76,118,000 after buying an additional 42,355 shares during the last quarter.

Shares of Outfront Media Inc (NYSE:OUT) opened at $22.32 on Monday. Outfront Media Inc has a 12 month low of $20.82 and a 12 month high of $27.89. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.73. The company has a market cap of $3,090.00, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13.

Outfront Media (NYSE:OUT) last issued its earnings results on Monday, November 6th. The financial services provider reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.20). Outfront Media had a net margin of 7.71% and a return on equity of 9.57%. The firm had revenue of $392.40 million during the quarter, compared to the consensus estimate of $391.18 million. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. equities research analysts forecast that Outfront Media Inc will post 1.95 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on OUT shares. ValuEngine downgraded shares of Outfront Media from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Outfront Media from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $30.00 price target on shares of Outfront Media in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $29.83.

TRADEMARK VIOLATION NOTICE: This article was posted by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/state-of-alaska-department-of-revenue-acquires-8267-shares-of-outfront-media-inc-out/1830574.html.

About Outfront Media

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

Want to see what other hedge funds are holding OUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Outfront Media Inc (NYSE:OUT).

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

Receive News & Ratings for Outfront Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outfront Media and related companies with MarketBeat.com's FREE daily email newsletter.