Cornerstone Capital Management Holdings LLC. raised its stake in OUTFRONT Media Inc. (NYSE:OUT) by 33.7% during the third quarter, Holdings Channel reports. The institutional investor owned 672,243 shares of the company’s stock after buying an additional 169,351 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.49% of OUTFRONT Media worth $15,898,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of OUT. IMS Capital Management boosted its stake in shares of OUTFRONT Media by 5.4% in the second quarter. IMS Capital Management now owns 17,450 shares of the company’s stock worth $422,000 after buying an additional 900 shares during the period. MUFG Americas Holdings Corp boosted its stake in shares of OUTFRONT Media by 13.7% in the second quarter. MUFG Americas Holdings Corp now owns 266,182 shares of the company’s stock worth $6,434,000 after buying an additional 32,130 shares during the period. ZWJ Investment Counsel Inc. purchased a new stake in shares of OUTFRONT Media during the second quarter worth approximately $15,729,000. Schnieders Capital Management LLC purchased a new stake in shares of OUTFRONT Media during the second quarter worth approximately $244,000. Finally, Uniplan Investment Counsel Inc. boosted its stake in shares of OUTFRONT Media by 2.1% in the second quarter. Uniplan Investment Counsel Inc. now owns 1,801,880 shares of the company’s stock worth $43,551,000 after buying an additional 36,692 shares during the period.
OUTFRONT Media Inc. (NYSE:OUT) traded up 1.07% during trading on Friday, hitting $27.27. 456,629 shares of the stock were exchanged. The stock has a 50 day moving average of $26.38 and a 200-day moving average of $23.70. The stock’s market cap is $3.76 billion. OUTFRONT Media Inc. has a 52 week low of $18.12 and a 52 week high of $27.64.
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OUT has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Monday, February 6th. Wells Fargo & Company raised shares of OUTFRONT Media from a “market perform” rating to an “outperform” rating and upped their price target for the company from $23.00 to $28.00 in a research report on Tuesday, November 22nd. Goldman Sachs Group, Inc. (The) cut shares of OUTFRONT Media from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research report on Tuesday, January 17th. Finally, TheStreet raised shares of OUTFRONT Media from a “c” rating to a “b-” rating in a research report on Monday, January 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. OUTFRONT Media presently has a consensus rating of “Hold” and a consensus target price of $27.14.
OUTFRONT Media Company Profile
OUTFRONT Media Inc, formerly CBS Outdoor Americas Inc, is a provider of advertising space on out-of-home advertising structures and sites across the United States, Canada and Latin America. The Company’s inventory consists of billboard displays and transit advertising displays. It operates through two segments.
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