Westwood Holdings Group Inc. Decreases Position in OUTFRONT Media Inc. (NYSE:OUT)

Westwood Holdings Group Inc. cut its position in OUTFRONT Media Inc. (NYSE:OUT) by 28.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 500,000 shares of the financial services provider’s stock after selling 199,455 shares during the period. Westwood Holdings Group Inc. owned approximately 0.30% of OUTFRONT Media worth $8,395,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of OUT. Spire Wealth Management bought a new stake in shares of OUTFRONT Media in the fourth quarter worth approximately $28,000. Riverview Trust Co bought a new stake in shares of OUTFRONT Media in the first quarter worth approximately $33,000. Allworth Financial LP grew its stake in shares of OUTFRONT Media by 52.7% in the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 874 shares during the period. GAMMA Investing LLC grew its stake in shares of OUTFRONT Media by 105.2% in the first quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 1,973 shares during the period. Finally, CWM LLC grew its stake in shares of OUTFRONT Media by 163.6% in the fourth quarter. CWM LLC now owns 6,044 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 3,751 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OUT. TD Cowen assumed coverage on shares of OUTFRONT Media in a research note on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price target for the company. Barrington Research restated an “outperform” rating and set a $17.00 target price on shares of OUTFRONT Media in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.20.

OUTFRONT Media Price Performance

Shares of OUT traded down $0.88 during mid-day trading on Friday, reaching $15.03. The stock had a trading volume of 2,676,591 shares, compared to its average volume of 1,286,274. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -5.65, a PEG ratio of 1.02 and a beta of 1.92. OUTFRONT Media Inc. has a 12 month low of $8.18 and a 12 month high of $17.02. The business has a fifty day moving average of $14.61 and a 200 day moving average of $14.76. 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 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.