GSA Capital Partners LLP lessened its position in Outfront Media Inc (NYSE:OUT) by 73.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,394 shares of the financial services provider’s stock after selling 33,917 shares during the period. GSA Capital Partners LLP’s holdings in Outfront Media were worth $312,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Piermont Capital Management Inc. boosted its holdings in shares of Outfront Media by 0.3% in the second quarter. Piermont Capital Management Inc. now owns 99,810 shares of the financial services provider’s stock valued at $2,308,000 after buying an additional 310 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Outfront Media by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 478 shares during the last quarter. M&T Bank Corp boosted its holdings in Outfront Media by 7.6% during the second quarter. M&T Bank Corp now owns 10,597 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 748 shares during the last quarter. OxFORD Asset Management LLP boosted its holdings in Outfront Media by 3.2% during the second quarter. OxFORD Asset Management LLP now owns 34,268 shares of the financial services provider’s stock worth $792,000 after purchasing an additional 1,059 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Outfront Media by 2.8% during the second quarter. Royal Bank of Canada now owns 44,194 shares of the financial services provider’s stock worth $1,022,000 after purchasing an additional 1,203 shares during the last quarter.
OUT has been the subject of several recent research reports. Wells Fargo & Co restated an “outperform” rating and set a $30.00 target price on shares of Outfront Media in a report on Tuesday, October 3rd. ValuEngine cut shares of Outfront Media from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Outfront Media from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, January 2nd. Finally, Loop Capital reaffirmed a “buy” rating and set a $28.00 price target (up from $27.00) on shares of Outfront Media in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.43.
Outfront Media Inc (OUT) opened at $21.93 on Tuesday. The firm has a market cap of $3,040.30, a PE ratio of 26.11, a PEG ratio of 1.53 and a beta of 1.13. Outfront Media Inc has a 1 year low of $20.82 and a 1 year high of $27.89. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.23 and a quick ratio of 1.23.
Outfront Media (NYSE:OUT) last issued its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.20). Outfront Media had a net margin of 7.71% and a return on equity of 9.57%. The company had revenue of $392.40 million during the quarter, compared to the consensus estimate of $391.18 million. During the same period in the previous year, the company earned $0.63 earnings per share. Outfront Media’s revenue for the quarter was up 2.5% compared to the same quarter last year. sell-side analysts predict that Outfront Media Inc will post 1.98 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend was Thursday, December 7th. Outfront Media’s dividend payout ratio is 171.43%.
Outfront Media Company Profile
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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