Gabelli Funds LLC Purchase 2,000 Shares of Outfront Media Inc (OUT)

Gabelli Funds LLC Purchase 2,000 Shares of Outfront Media Inc (OUT)

Gabelli Funds LLC lifted its position in shares of Outfront Media Inc (NYSE:OUT) by 20.0% in the 4th quarter, Holdings Channel reports. The fund owned 12,000 shares of the financial services provider’s stock after buying an additional 2,000 shares during the period. Gabelli Funds LLC’s holdings in Outfront Media were worth $217,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its position in shares of Outfront Media by 15.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,660 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 2,271 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Outfront Media during the fourth quarter worth about $250,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Outfront Media by 11.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,368 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 971 shares during the last quarter. Strs Ohio grew its position in shares of Outfront Media by 7.0% during the fourth quarter. Strs Ohio now owns 204,435 shares of the financial services provider’s stock worth $3,704,000 after acquiring an additional 13,388 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Outfront Media by 99.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 63,496 shares of the financial services provider’s stock worth $1,151,000 after acquiring an additional 31,700 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Several research firms have recently commented on OUT. Morgan Stanley upped their price target on shares of Outfront Media from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Friday, December 7th. Citigroup lowered shares of Outfront Media from a “buy” rating to a “neutral” rating and set a $20.81 price target for the company. in a research report on Thursday, January 31st. Zacks Investment Research lowered shares of Outfront Media from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. ValuEngine upgraded shares of Outfront Media from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Finally, Wolfe Research began coverage on shares of Outfront Media in a research report on Friday, December 7th. They set an “outperform” rating and a $25.00 price target for the company. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $23.30.

Shares of OUT opened at $20.89 on Monday. The stock has a market capitalization of $2.91 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.28 and a beta of 1.24. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.08 and a quick ratio of 1.08. Outfront Media Inc has a 52-week low of $16.81 and a 52-week high of $22.36.

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 ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.

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