33,100 Shares in OUTFRONT Media Inc. (NYSE:OUT) Acquired by Versor Investments LP

Versor Investments LP purchased a new stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,100 shares of the financial services provider's stock, valued at approximately $608,000.

Several other large investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in shares of OUTFRONT Media by 258.8% in the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider's stock worth $26,000 after acquiring an additional 1,325 shares in the last quarter. National Bank of Canada FI acquired a new position in OUTFRONT Media in the second quarter worth $28,000. Harbor Capital Advisors Inc. bought a new stake in shares of OUTFRONT Media during the third quarter worth $32,000. Quest Partners LLC increased its stake in shares of OUTFRONT Media by 30.0% in the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider's stock valued at $62,000 after buying an additional 994 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of OUTFRONT Media by 18.5% in the third quarter. CWM LLC now owns 7,683 shares of the financial services provider's stock valued at $141,000 after buying an additional 1,199 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Wells Fargo & Company assumed coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They set an "overweight" rating and a $22.00 price target on the stock. Barrington Research reissued an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday. Wolfe Research downgraded OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.25.

OUTFRONT Media Stock Down 0.1 %

Shares of OUTFRONT Media stock traded down $0.01 during trading hours on Thursday, reaching $18.69. 1,818,966 shares of the company's stock were exchanged, compared to its average volume of 1,766,162. The stock has a market cap of $3.10 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.20 and a beta of 1.94. The company has a 50 day moving average of $18.04 and a two-hundred day moving average of $16.10. The company has a current ratio of 0.65, a quick ratio of 0.67 and a debt-to-equity ratio of 4.00. OUTFRONT Media Inc. has a fifty-two week low of $11.98 and a fifty-two week high of $19.33.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.20). The company had revenue of $451.90 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $0.46 earnings per share. On average, sell-side analysts forecast that OUTFRONT Media Inc. will post 1.53 EPS for the current fiscal 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 issued a dividend of $0.75 per share. The ex-dividend date is Friday, November 15th. OUTFRONT Media's payout ratio is 87.59%.

OUTFRONT Media 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.