OUTFRONT Media Inc. (NYSE:OUT) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. increased its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 168.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 242,503 shares of the financial services provider's stock after buying an additional 152,103 shares during the quarter. Edgestream Partners L.P. owned about 0.15% of OUTFRONT Media worth $4,457,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in OUT. Harbor Capital Advisors Inc. acquired a new position in shares of OUTFRONT Media in the 3rd quarter valued at $32,000. Quarry LP grew its position in OUTFRONT Media by 258.8% during the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider's stock worth $26,000 after purchasing an additional 1,325 shares during the last quarter. National Bank of Canada FI acquired a new position in OUTFRONT Media in the second quarter valued at $28,000. Quest Partners LLC raised its holdings 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 during the last quarter. Finally, CWM LLC boosted its stake in shares of OUTFRONT Media by 18.5% during the third quarter. CWM LLC now owns 7,683 shares of the financial services provider's stock worth $141,000 after buying an additional 1,199 shares during the period.

OUTFRONT Media Price Performance

Shares of NYSE OUT traded up $0.01 during trading on Friday, hitting $19.21. 1,040,563 shares of the company were exchanged, compared to its average volume of 2,278,489. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The firm's fifty day moving average price is $18.48 and its 200 day moving average price is $16.40. OUTFRONT Media Inc. has a 1 year low of $11.98 and a 1 year high of $19.50. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.23 and a beta of 1.94.

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

OUTFRONT Media Cuts Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media's dividend payout ratio (DPR) is presently 87.59%.

Wall Street Analysts Forecast Growth

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