Investing in OUTFRONT Media Inc. (OUT) Is Getting More Attractive


In a filing, OUTFRONT Media Inc. revealed its EVP and Chief Revenue Officer Punter Clive A. acquired Company’s shares for reported $0.1 million on Aug 18. In the deal valued at $11.12 per share,9,000 shares were bought. As a result of this transaction, Punter Clive A. now holds 174,647 shares worth roughly $ 1.99 million.

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Oppenheimer downgraded its OUTFRONT Media Inc. [OUT] rating to a Perform from a an Outperform in a research note published on Friday.

Price Performance Review of OUT

On Friday, OUTFRONT Media Inc. [NYSE:OUT] saw its stock jump 0.44% to $11.40. On the same session, the stock had its day’s lowest price of $11.305, but rose to a high of $11.595. Over the last five days, the stock has lost -1.89%. OUTFRONT Media Inc. shares have fallen nearly -31.24% since the year began. Nevertheless, the stocks have fallen -35.59% over the past one year. While a 52-week high of $21.65 was reached on 02/02/23, a 52-week low of $10.86 was recorded on 08/18/23. SMA at 50 days reached $13.82, while 200 days put it at $16.03. A total of 2.06 million shares were traded, compared to the trading of 2.74 million shares in the previous session.

Levels Of Support And Resistance For OUT Stock

The 24-hour chart illustrates a support level at 11.27, which if violated will result in even more drops to 11.14. On the upside, there is a resistance level at 11.56. A further resistance level may holdings at 11.72. The Relative Strength Index (RSI) on the 14-day chart is 35.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.04%. Stochastics %K at 60.87% indicates the stock is a holding.

How much short interest is there in OUTFRONT Media Inc.?

A steep rise in short interest was recorded in OUTFRONT Media Inc. stocks on Aug 14, 2023, dropping by -0.35 million shares to a total of 5.62 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.97 million shares. There was a decline of -6.23%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.35% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.12.

OUTFRONT Media Inc. [OUT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 25,019,071 shares, or roughly 15.16% of the outstanding OUT shares. In other words, the investor’s shares have fallen by -538,316 from its previous 13-F filing of 25557387.0. Additionally, BlackRock Fund Advisors increased 2.84% of its stake after which the total value it holdings stand at $373,018,586, while JPMorgan Investment Management, I added 2.04% of its stake to hold $87.59 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 55,754 shares of OUTFRONT Media Inc., while Macquarie Investment Management B bought -143,800 shares. At present, Citadel Advisors LLC is holding 4,841,325 shares valued at $74.85 million. Norges Bank Investment Management owned 4,015,546 shares of the company at the time of its most recent 13F filing, worth $62.08 million.

According to FactSet, OUTFRONT Media Inc.’s share price will average $15.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 32.16 percent from its previous closing price of $11.35. Analysts expect OUTFRONT Media Inc. stock to reach the higher price of $18.00, while the lowest price estimate is $14.00. However, 6 analysts have rated OUT stock as an Overweight in their predictions for 2023.


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