Mirae Asset Global Investments Co. Ltd. Buys 2,682 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Mirae Asset Global Investments Co. Ltd. grew its stake in OUTFRONT Media Inc. (NYSE:OUT) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,440 shares of the financial services provider’s stock after acquiring an additional 2,682 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in OUTFRONT Media were worth $928,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in OUTFRONT Media by 1,369.2% in the fourth quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 2,177 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of OUTFRONT Media by 52.7% during the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 874 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of OUTFRONT Media by 55.7% during the third quarter. Fifth Third Bancorp now owns 4,326 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,547 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of OUTFRONT Media during the fourth quarter valued at $175,000. Finally, Triumph Capital Management bought a new position in shares of OUTFRONT Media during the third quarter valued at $132,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OUT. StockNews.com raised OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. TheStreet raised OUTFRONT Media from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.50.

OUTFRONT Media Stock Up 2.1 %

OUTFRONT Media stock opened at $15.42 on Wednesday. The stock has a market cap of $2.56 billion, a PE ratio of -5.78, a price-to-earnings-growth ratio of 0.97 and a beta of 1.87. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.67 and a current ratio of 0.67. OUTFRONT Media Inc. has a one year low of $8.18 and a one year high of $17.02. The stock has a fifty day moving average of $15.35 and a 200 day moving average of $13.40.

OUTFRONT Media Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend was Thursday, February 29th. OUTFRONT Media’s dividend payout ratio (DPR) is presently -44.94%.

OUTFRONT Media Company 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.