OUTFRONT Media Inc. (NYSE:OUT) Shares Purchased by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC boosted its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 17.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,842,935 shares of the financial services provider’s stock after purchasing an additional 419,706 shares during the period. OUTFRONT Media accounts for 2.0% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 21st biggest holding. Lasalle Investment Management Securities LLC owned 1.71% of OUTFRONT Media worth $47,733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OUT. DAVENPORT & Co LLC grew its position in OUTFRONT Media by 145.8% during the 1st quarter. DAVENPORT & Co LLC now owns 1,720,884 shares of the financial services provider’s stock worth $28,825,000 after purchasing an additional 1,020,719 shares in the last quarter. Norges Bank purchased a new position in OUTFRONT Media during the 4th quarter worth approximately $13,779,000. Cove Street Capital LLC grew its position in OUTFRONT Media by 250.2% during the 4th quarter. Cove Street Capital LLC now owns 841,279 shares of the financial services provider’s stock worth $11,744,000 after purchasing an additional 601,079 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in OUTFRONT Media by 23.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,927,340 shares of the financial services provider’s stock worth $32,360,000 after purchasing an additional 371,978 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in OUTFRONT Media by 216.1% during the 1st quarter. First Eagle Investment Management LLC now owns 479,191 shares of the financial services provider’s stock worth $8,046,000 after purchasing an additional 327,584 shares in the last quarter.

OUTFRONT Media Price Performance

Shares of OUT stock traded down $0.88 on Friday, hitting $15.03. The company’s stock had a trading volume of 2,676,591 shares, compared to its average volume of 1,286,274. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 5.08. OUTFRONT Media Inc. has a fifty-two week low of $8.18 and a fifty-two week high of $17.02. The firm’s fifty day moving average price is $14.61 and its 200-day moving average price is $14.76.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of OUTFRONT Media in a research report on Monday, July 15th. JPMorgan Chase & Co. lifted their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, TD Cowen began coverage on shares of OUTFRONT Media in a research note on Tuesday, July 16th. They set a “hold” rating and a $16.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, OUTFRONT Media currently has an average rating of “Hold” and an average price target of $16.20.

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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.