The Alliancebernstein L.P. Sells 2,933 Shares of OUTFRONT Media Inc. (OUT)

The Alliancebernstein L.P. Sells 2,933 Shares of OUTFRONT Media Inc. (OUT)

Other hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its stake in OUTFRONT Media by 5.9% in the first quarter. Asset Management One Co. Ltd. now owns 3,785 shares of the financial services provider’s stock worth $100,000 after buying an additional 210 shares during the period. Quantbot Technologies LP raised its stake in OUTFRONT Media by 47.5% in the first quarter. Quantbot Technologies LP now owns 6,419 shares of the financial services provider’s stock worth $170,000 after buying an additional 2,068 shares during the period. SG Americas Securities LLC purchased a new stake in OUTFRONT Media during the first quarter worth $204,000. Allianz Asset Management AG purchased a new stake in OUTFRONT Media during the fourth quarter worth $234,000. Finally, New York State Teachers Retirement System raised its stake in OUTFRONT Media by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,100 shares of the financial services provider’s stock worth $301,000 after buying an additional 100 shares during the period.

Alliancebernstein L.P. decreased its position in OUTFRONT Media Inc. (NYSE:OUT) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,469 shares of the financial services provider’s stock after selling 2,933 shares during the period. Alliancebernstein L.P. owned approximately 0.06% of OUTFRONT Media worth $2,296,000 at the end of the most recent quarter.

OUTFRONT Media Inc. (NYSE:OUT) traded down 1.94% during trading on Wednesday, reaching $22.23. 527,855 shares of the company’s stock were exchanged. OUTFRONT Media Inc. has a 12-month low of $20.72 and a 12-month high of $27.89. The company has a market cap of $3.08 billion, a P/E ratio of 32.08 and a beta of 1.14. The stock’s 50-day moving average is $23.02 and its 200-day moving average is $24.92.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend is Thursday, September 7th. OUTFRONT Media’s payout ratio is currently 205.72%.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. ValuEngine cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Loop Capital raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, June 5th. Finally, TheStreet cut shares of OUTFRONT Media from a “b-” rating to a “c” rating in a research note on Friday, May 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $30.33.

OUTFRONT Media Company Profile

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.

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