Outfront Media Inc. (REIT) (NYSE:OUT) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its holdings in Outfront Media Inc. (REIT) (NYSE:OUT) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 341,193 shares of the financial services provider’s stock after buying an additional 923 shares during the quarter. California Public Employees Retirement System’s holdings in Outfront Media were worth $6,674,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Marshall Wace North America L.P. acquired a new stake in shares of Outfront Media in the first quarter valued at $44,000. Neo Ivy Capital Management grew its stake in Outfront Media by 20.7% during the 3rd quarter. Neo Ivy Capital Management now owns 5,724 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 981 shares in the last quarter. Foundry Partners LLC purchased a new stake in Outfront Media during the 3rd quarter worth about $188,000. Great West Life Assurance Co. Can raised its position in Outfront Media by 29.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 15,396 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 3,523 shares in the last quarter. Finally, AlphaCrest Capital Management LLC purchased a new position in shares of Outfront Media in the 3rd quarter valued at about $260,000. Institutional investors and hedge funds own 90.62% of the company’s stock.

A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Outfront Media from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Monday, November 2nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on shares of Outfront Media from $18.00 to $21.00 in a research report on Thursday, November 12th. Finally, Smith Barney Citigroup raised their price target on Outfront Media from $18.00 to $21.00 in a research note on Thursday, November 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $18.89.

OUT opened at $22.44 on Tuesday. Outfront Media Inc. has a one year low of $7.07 and a one year high of $30.68. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market capitalization of $3.24 billion, a P/E ratio of -118.11, a price-to-earnings-growth ratio of 1.50 and a beta of 1.78. The business’s 50-day simple moving average is $19.59 and its 200-day simple moving average is $17.45.

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.

See Also: Holder of Record

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

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