Deprince Race & Zollo Inc. Decreases Holdings in Outfront Media Inc (OUT)

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Deprince Race & Zollo Inc. decreased its holdings in shares of Outfront Media Inc (NYSE:OUT) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,348,014 shares of the financial services provider’s stock after selling 382,986 shares during the period. Outfront Media comprises approximately 1.8% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 3rd largest holding. Deprince Race & Zollo Inc. owned approximately 2.40% of Outfront Media worth $60,666,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in OUT. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Outfront Media by 11.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,368 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 971 shares during the last quarter. Gabelli Funds LLC acquired a new stake in shares of Outfront Media during the 3rd quarter worth about $200,000. Cubist Systematic Strategies LLC increased its position in shares of Outfront Media by 70.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,826 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 4,467 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Outfront Media during the 4th quarter worth about $250,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Outfront Media during the 3rd quarter worth about $287,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Shares of OUT opened at $20.94 on Thursday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $2.91 billion, a PE ratio of 10.47, a P/E/G ratio of 1.28 and a beta of 1.24. Outfront Media Inc has a 1 year low of $16.81 and a 1 year high of $22.36.

A number of analysts recently issued reports on OUT shares. Morgan Stanley raised their price objective on Outfront Media from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Friday, December 7th. Zacks Investment Research upgraded Outfront Media from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, January 8th. ValuEngine upgraded Outfront Media from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Citigroup cut Outfront Media from a “buy” rating to a “neutral” rating and set a $20.81 target price for the company. in a report on Thursday, January 31st. Finally, TheStreet upgraded Outfront Media from a “c+” rating to a “b-” rating in a report on Monday, November 26th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $23.30.

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

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