Outfront Media Surges 40% in One Year, Then Gets Cut Loose Despite 'Exceptional Performance' | The Motley Fool

"On January 20, GraniteShares Advisors disclosed in an SEC filing that it sold out of Outfront Media , liquidating 171,052 shares in a transaction estimated at $3.13 million. What happened According to a January 20 SEC filing, GraniteShares Advisors reported selling all 171,052 shares of Outfront Media during the fourth quarter. The fund's reported position in the stock fell to zero by quarter-end, with the net position change also totaling $3.13 million."

"As of January 20, shares of Outfront Media were priced at $24.61, up 40.1% over the past year and far outperforming the S&P 500's roughly 14% gain in the same period. Company overview Company snapshot Outfront Media provides billboard, transit, and mobile advertising assets across North America, generating revenue primarily through outdoor advertising services. The company operates a real estate investment trust (REIT) model, leasing advertising space to brands and agencies seeking to reach consumers in high-traffic locations."

"It serves national and local advertisers targeting urban and commuter audiences seeking broad, out-of-home brand exposure. Outfront Media is a leading North American out-of-home advertising company with a diverse portfolio of billboard and transit assets. The company leverages technology and strategic locations to deliver impactful advertising solutions for brands. Its scale and integrated platform provide a competitive advantage in connecting advertisers with mobile consumers."

GraniteShares Advisors reported selling all 171,052 shares of Outfront Media during the fourth quarter, reducing its reported position to zero and registering a $3.13 million net position change. After the sale, GraniteShares' largest reported holdings included Microsoft, Alphabet, Meta, Eli Lilly, and Uranium Energy. Outfront Media shares traded at $24.61 on January 20, up about 40.1% over the past year and outperforming the S&P 500. Outfront Media operates as an out-of-home advertising REIT, leasing billboard, transit, and mobile advertising assets to national and local advertisers targeting urban and commuter audiences.

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