Fmr LLC Grows Position in OUTFRONT Media Inc. (NYSE:OUT)

FMR LLC lifted its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,711,791 shares of the financial services provider's stock after purchasing an additional 803,292 shares during the period. FMR LLC owned about 4.04% of OUTFRONT Media worth $123,363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in OUT. DigitalBridge Group Inc. lifted its holdings in OUTFRONT Media by 11.7% in the 2nd quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider's stock valued at $44,703,000 after purchasing an additional 327,125 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of OUTFRONT Media by 10.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider's stock worth $30,567,000 after acquiring an additional 210,208 shares during the last quarter. Land & Buildings Investment Management LLC purchased a new position in shares of OUTFRONT Media during the second quarter worth $22,724,000. ZWJ Investment Counsel Inc. boosted its holdings in OUTFRONT Media by 2.7% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 1,446,420 shares of the financial services provider's stock valued at $26,585,000 after acquiring an additional 38,327 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of OUTFRONT Media by 7.9% in the second quarter. Millennium Management LLC now owns 1,304,725 shares of the financial services provider's stock valued at $18,658,000 after purchasing an additional 94,997 shares in the last quarter.

OUTFRONT Media Stock Down 0.9 %

OUT stock traded down $0.18 during trading on Thursday, hitting $18.91. 1,351,126 shares of the company's stock were exchanged, compared to its average volume of 1,782,125. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.22 and a beta of 1.96. OUTFRONT Media Inc. has a 52-week low of $12.13 and a 52-week high of $19.50. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The business has a 50-day moving average price of $18.53 and a two-hundred day moving average price of $16.50.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results 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 firm 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 last year, the company earned $0.46 earnings per share. As a group, equities research analysts expect that OUTFRONT Media Inc. will post 1.56 EPS for the current year.

OUTFRONT Media Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.