[SCHEDULE 13G/A] OUTFRONT Media Inc. SEC Filing
Rhea-AI Filing Summary
Cohen & Steers and certain affiliates report material beneficial ownership in OUTFRONT Media. Cohen & Steers, Inc. is listed with 14,365,409 shares (8.6% of the class), showing sole voting power over 11,043,139 shares and sole dispositive power over 14,365,409 shares. Cohen & Steers Capital Management, Inc. reports 14,346,463 shares (8.59%) with the same voting power figure. Cohen & Steers UK Ltd holds 18,946 shares (0.01%); other affiliates report zero holdings.
The filing states these securities are held for the benefit of account holders and were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control. Cohen & Steers, Inc. is identified as the parent holding company of the reporting subsidiaries and the filing is certified by compliance officers.
Positive
- Material institutional stake disclosed: Cohen & Steers, Inc. reports 14,365,409 shares representing 8.6% of OUTFRONT common stock.
- Passive/ordinary-course holding: The filing certifies the securities are held on behalf of account holders and not to change or influence control.
Negative
- None.
Insights
TL;DR: Cohen & Steers discloses a material passive stake of roughly 8.6% in OUTFRONT, a significant institutional holding without control intent.
The Schedule 13G shows Cohen & Steers and its investment-adviser subsidiaries collectively hold approximately 14.35 million shares of OUTFRONT common stock, representing roughly 8.6% of the class. The filing reports sole voting power of 11,043,139 shares for the parent entity and sole dispositive power commensurate with ownership, and it explicitly states the securities are held on behalf of client accounts. For analysts, this flags notable institutional ownership that may matter for liquidity and shareholder composition but is disclosed as passive, so it does not signal an activist or control strategy.
TL;DR: Routine Schedule 13G passive disclosure; confirms significant ownership but affirms no intent to influence control of OUTFRONT.
The filing identifies Cohen & Steers, Inc. as parent to several registered advisers and lists subsidiary holdings and classifications. Item 6 clarifies the shares are held for account holders who may receive dividends or sale proceeds, and Item 10 contains the certification that the holdings are in the ordinary course of business and not intended to affect control. From a governance perspective, the filing increases transparency about a top institutional holder but does not indicate a change in board-level dynamics or control intent.