Bank of Montreal Can Purchases 23,159 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Bank of Montreal Can raised its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 125.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,563 shares of the financial services provider's stock after purchasing an additional 23,159 shares during the period. Bank of Montreal Can's holdings in OUTFRONT Media were worth $737,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of OUT. Barclays PLC grew its holdings in shares of OUTFRONT Media by 43.0% in the 3rd quarter. Barclays PLC now owns 501,439 shares of the financial services provider's stock valued at $9,218,000 after buying an additional 150,669 shares during the period. Sanctuary Advisors LLC bought a new position in OUTFRONT Media during the third quarter worth about $318,000. Franklin Resources Inc. grew its stake in OUTFRONT Media by 653.3% in the third quarter. Franklin Resources Inc. now owns 229,872 shares of the financial services provider's stock valued at $4,260,000 after acquiring an additional 199,356 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of OUTFRONT Media by 403.1% in the third quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider's stock worth $49,400,000 after acquiring an additional 2,153,423 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of OUTFRONT Media by 19.3% during the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock worth $67,000 after purchasing an additional 613 shares during the period.

OUTFRONT Media Stock Up 0.3 %

OUTFRONT Media stock traded up $0.04 during midday trading on Wednesday, reaching $14.65. The stock had a trading volume of 1,034,590 shares, compared to its average volume of 1,709,238. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The firm's fifty day simple moving average is $16.38 and its 200-day simple moving average is $17.94. The stock has a market capitalization of $2.45 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. The business had revenue of $493.20 million for the quarter, compared to analyst estimates of $490.42 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. As a group, analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend was Friday, March 7th. OUTFRONT Media's payout ratio is 81.63%.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $19.37.

OUTFRONT Media Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.