Nomura Asset Management Co. Ltd. grew its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 6,800.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,500 shares of the financial services provider's stock after buying an additional 170,000 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.10% of OUTFRONT Media worth $3,171,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Asset Management One Co. Ltd. increased its position in OUTFRONT Media by 39,437.3% during the third quarter. Asset Management One Co. Ltd. now owns 196,896 shares of the financial services provider's stock valued at $3,619,000 after acquiring an additional 196,398 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in OUTFRONT Media by 48.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider's stock valued at $10,174,000 after purchasing an additional 232,300 shares during the last quarter. SG Americas Securities LLC raised its position in OUTFRONT Media by 266.2% in the 2nd quarter. SG Americas Securities LLC now owns 48,711 shares of the financial services provider's stock worth $697,000 after purchasing an additional 35,409 shares during the period. Westwood Holdings Group Inc. raised its position in OUTFRONT Media by 30.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 650,000 shares of the financial services provider's stock worth $9,295,000 after purchasing an additional 150,000 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in OUTFRONT Media in the second quarter worth about $1,293,000.
Wall Street Analyst Weigh In
OUT has been the topic of a number of analyst reports. Wells Fargo & Company assumed coverage on OUTFRONT Media in a report on Thursday, September 19th. They issued an "overweight" rating and a $22.00 price target on the stock. Wolfe Research lowered OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 24th. StockNews.com lowered shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $19.25.
Check Out Our Latest Stock Report on OUT
OUTFRONT Media Stock Up 0.1 %
Shares of OUTFRONT Media stock traded up $0.02 during trading on Friday, hitting $18.82. 1,703,103 shares of the stock traded hands, compared to its average volume of 1,788,091. 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 stock's fifty day simple moving average is $18.62 and its 200 day simple moving average is $16.72. The firm has a market cap of $3.12 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.96. OUTFRONT Media Inc. has a 52-week low of $12.27 and a 52-week high of $19.50.
OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.20). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The business had revenue of $451.90 million during the quarter, compared to the consensus estimate of $456.38 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The company's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts predict that OUTFRONT Media Inc. will post 1.56 earnings per share for the current fiscal year.
OUTFRONT Media Cuts Dividend
The business also recently announced a special dividend, which will be paid on Tuesday, December 31st. Shareholders 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 Company Profile
(
Free Report)
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.
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