Point72 Asia Singapore Pte. Ltd. Purchases Shares of 30,981 OUTFRONT Media Inc. (NYSE:OUT)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,981 shares of the financial services provider's stock, valued at approximately $569,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Eagle Investment Management LLC boosted its position in OUTFRONT Media by 48.5% in the second quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider's stock valued at $10,174,000 after buying an additional 232,300 shares in the last quarter. Asset Management One Co. Ltd. grew its position in OUTFRONT Media by 39,437.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 196,896 shares of the financial services provider's stock worth $3,619,000 after acquiring an additional 196,398 shares during the last quarter. SG Americas Securities LLC increased its holdings in OUTFRONT Media by 266.2% in the 2nd quarter. SG Americas Securities LLC now owns 48,711 shares of the financial services provider's stock worth $697,000 after purchasing an additional 35,409 shares in the last quarter. Westwood Holdings Group Inc. raised its position in OUTFRONT Media by 30.0% in the second quarter. Westwood Holdings Group Inc. now owns 650,000 shares of the financial services provider's stock valued at $9,295,000 after purchasing an additional 150,000 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of OUTFRONT Media during the second quarter valued at about $1,293,000.

OUTFRONT Media Trading Down 1.3 %

Shares of OUT traded down $0.25 during trading hours on Tuesday, hitting $19.00. 1,294,481 shares of the stock were exchanged, compared to its average volume of 2,205,386. The firm has a market capitalization of $3.15 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 1.23 and a beta of 1.96. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media Inc. has a fifty-two week low of $12.13 and a fifty-two week high of $19.50. The business has a 50-day moving average of $18.50 and a 200-day moving average of $16.46.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.20). The business had revenue of $451.90 million during the quarter, compared to analyst estimates of $456.38 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. On average, research analysts expect that OUTFRONT Media Inc. will post 1.56 EPS for the current year.

OUTFRONT Media Cuts Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media's payout ratio is presently 87.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wolfe Research lowered shares of OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 24th. StockNews.com downgraded shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Wells Fargo & Company began coverage on shares of OUTFRONT Media in a research note on Thursday, September 19th. They issued an "overweight" rating and a $22.00 price objective on the stock. Finally, Barrington Research reaffirmed an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, OUTFRONT Media currently has a consensus rating of "Hold" and a consensus target price of $19.25.

OUTFRONT Media Company 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.