SG Americas Securities LLC Decreases Holdings in OUTFRONT Media Inc. (NYSE:OUT)

SG Americas Securities LLC lowered its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 87.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,967 shares of the financial services provider's stock after selling 42,744 shares during the quarter. SG Americas Securities LLC's holdings in OUTFRONT Media were worth $110,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in OUT. Quarry LP boosted its holdings in OUTFRONT Media by 258.8% during the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 1,325 shares during the period. National Bank of Canada FI purchased a new position in shares of OUTFRONT Media in the second quarter valued at approximately $28,000. Quest Partners LLC boosted its stake 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 purchasing an additional 994 shares during the period. M&G Plc acquired a new position in shares of OUTFRONT Media in the second quarter valued at approximately $152,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in OUTFRONT Media during the 1st quarter worth approximately $210,000.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock traded up $0.13 on Monday, reaching $18.46. 1,806,209 shares of the stock were exchanged, compared to its average volume of 1,728,352. The firm has a market capitalization of $3.06 billion, a PE ratio of -6.94, a PEG ratio of 1.20 and a beta of 1.94. OUTFRONT Media Inc. has a 1-year low of $9.39 and a 1-year high of $19.33. The business has a fifty day moving average price of $17.65 and a two-hundred day moving average price of $15.85. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.60. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The company had revenue of $477.30 million for the quarter, compared to analysts' expectations of $482.27 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm's quarterly revenue was up 1.8% on a year-over-year basis. As a group, research analysts anticipate that OUTFRONT Media Inc. will post 1.53 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date was Friday, September 6th. OUTFRONT Media's dividend payout ratio (DPR) is currently -45.11%.

Wall Street Analyst Weigh In

OUT has been the subject of several recent research reports. Barrington Research raised their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. StockNews.com downgraded OUTFRONT Media from a "buy" rating to a "hold" rating in a report on Monday. Wells Fargo & Company initiated coverage on OUTFRONT Media in a research note on Thursday, September 19th. They issued an "overweight" rating and a $22.00 price objective for the company. Finally, TD Cowen started coverage on shares of OUTFRONT Media in a research note on Tuesday, July 16th. They set a "hold" rating and a $16.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $18.50.

About OUTFRONT Media

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.