Jump Financial LLC Lowers Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Jump Financial LLC trimmed its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 77.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,029 shares of the financial services provider's stock after selling 38,189 shares during the quarter. Jump Financial LLC's holdings in OUTFRONT Media were worth $196,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of OUTFRONT Media by 403.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider's stock worth $49,400,000 after purchasing an additional 2,153,423 shares during the last quarter. Franklin Resources Inc. boosted its holdings 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 worth $4,260,000 after acquiring an additional 199,356 shares in the last quarter. Bank of Montreal Can grew its stake in shares of OUTFRONT Media by 125.8% during the fourth quarter. Bank of Montreal Can now owns 41,563 shares of the financial services provider's stock worth $737,000 after acquiring an additional 23,159 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of OUTFRONT Media by 40.1% during the fourth quarter. Wells Fargo & Company MN now owns 94,898 shares of the financial services provider's stock valued at $1,684,000 after acquiring an additional 27,166 shares in the last quarter. Finally, Barclays PLC raised its position 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 purchasing an additional 150,669 shares during the last quarter.

OUTFRONT Media Stock Up 2.1 %

OUT stock opened at $15.37 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $19.98. The firm has a 50 day moving average of $16.05 and a 200 day moving average of $17.83. The stock has a market capitalization of $2.57 billion, a PE ratio of 10.96, 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, beating the consensus estimate of $0.63 by $0.06. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The business had revenue of $493.20 million during the quarter, compared to analysts' expectations of $490.42 million. Sell-side analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.81%. The ex-dividend date of this dividend was Friday, March 7th. OUTFRONT Media's payout ratio is 81.63%.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.

Want to see what other hedge funds are holding OUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OUTFRONT Media Inc. (NYSE:OUT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.