Barclays PLC Grows Stake in OUTFRONT Media Inc. (NYSE:OUT)

Barclays PLC boosted its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 43.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 501,439 shares of the financial services provider's stock after acquiring an additional 150,669 shares during the quarter. Barclays PLC owned 0.30% of OUTFRONT Media worth $9,218,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its stake in OUTFRONT Media by 258.8% in the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider's stock valued at $26,000 after buying an additional 1,325 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of OUTFRONT Media during the second quarter valued at approximately $28,000. Harbor Capital Advisors Inc. bought a new stake in OUTFRONT Media during the third quarter worth $32,000. Virtus Fund Advisers LLC purchased a new position in OUTFRONT Media in the third quarter worth $49,000. Finally, Quest Partners LLC boosted its position in OUTFRONT Media by 30.0% in the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider's stock worth $62,000 after purchasing an additional 994 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on OUT shares. StockNews.com lowered shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Barrington Research restated an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Morgan Stanley raised their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an "equal weight" rating in a research report on Wednesday. Wolfe Research lowered shares of OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company initiated 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 for the company. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, OUTFRONT Media presently has an average rating of "Hold" and an average price target of $19.00.

OUTFRONT Media Price Performance

NYSE:OUT traded down $0.82 during midday trading on Wednesday, hitting $17.54. The company had a trading volume of 1,941,208 shares, compared to its average volume of 1,790,833. The stock's fifty day moving average price is $18.64 and its 200-day moving average price is $16.78. OUTFRONT Media Inc. has a 52-week low of $12.27 and a 52-week high of $19.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a market capitalization of $2.91 billion, a PE ratio of 12.80, a P/E/G ratio of 1.20 and a beta of 1.96.

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 for the quarter, missing analysts' consensus estimates of $0.39 by ($0.20). The firm had revenue of $451.90 million for the quarter, compared to analysts' expectations of $456.38 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. As a group, research analysts expect that OUTFRONT Media Inc. will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The company also recently declared 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 dividend payout ratio is currently 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.