Integrated Advisors Network LLC acquired a new position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 182,971 shares of the financial services provider's stock, valued at approximately $3,363,000. Integrated Advisors Network LLC owned 0.11% of OUTFRONT Media as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of OUTFRONT Media by 23.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,927,340 shares of the financial services provider's stock valued at $32,360,000 after purchasing an additional 371,978 shares during the period. First Trust Direct Indexing L.P. bought a new stake in shares of OUTFRONT Media in the first quarter valued at approximately $210,000. Private Advisor Group LLC lifted its position in shares of OUTFRONT Media by 32.4% during the first quarter. Private Advisor Group LLC now owns 28,418 shares of the financial services provider's stock worth $477,000 after acquiring an additional 6,950 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in OUTFRONT Media by 51.9% in the 1st quarter. BNP Paribas Financial Markets now owns 375,690 shares of the financial services provider's stock worth $6,308,000 after purchasing an additional 128,343 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in OUTFRONT Media by 145.8% during the first quarter. DAVENPORT & Co LLC now owns 1,720,884 shares of the financial services provider's stock valued at $28,825,000 after acquiring an additional 1,020,719 shares in the last quarter.
Analyst Ratings Changes
OUT has been the topic of a number of recent analyst reports. Wolfe Research lowered OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 24th. TD Cowen assumed coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They set a "hold" rating and a $16.00 price objective on the stock. Barrington Research upped their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Tuesday, August 13th. Wells Fargo & Company initiated coverage on OUTFRONT Media in a report on Thursday, September 19th. They issued an "overweight" rating and a $22.00 price objective for the company. Finally, StockNews.com cut shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a report on Monday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $18.50.
Read Our Latest Analysis on OUTFRONT Media
OUTFRONT Media Price Performance
OUTFRONT Media stock traded down $0.41 during trading hours on Wednesday, hitting $18.24. The stock had a trading volume of 1,103,841 shares, compared to its average volume of 1,725,678. OUTFRONT Media Inc. has a 1-year low of $9.50 and a 1-year high of $19.33. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -6.96, a PEG ratio of 1.20 and a beta of 1.94. The stock's fifty day moving average is $17.74 and its two-hundred day moving average is $15.89. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.67 and a quick ratio of 0.67.
OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.60. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The business had revenue of $477.30 million for the quarter, compared to analyst estimates of $482.27 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, analysts predict that OUTFRONT Media Inc. will post 1.53 earnings per share for the current fiscal year.
OUTFRONT Media Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date was Friday, September 6th. OUTFRONT Media's dividend payout ratio (DPR) is presently -45.11%.
About OUTFRONT Media
(
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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