OUTFRONT Media Inc. (NYSE:OUT) is Perry Creek Capital LP's 3rd Largest Position

Perry Creek Capital LP lessened its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 37.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,034,032 shares of the financial services provider's stock after selling 1,201,428 shares during the period. OUTFRONT Media comprises approximately 18.7% of Perry Creek Capital LP's investment portfolio, making the stock its 3rd biggest holding. Perry Creek Capital LP owned approximately 1.25% of OUTFRONT Media worth $36,084,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Loomis Sayles & Co. L P purchased a new position in OUTFRONT Media in the 4th quarter worth $47,000. Sterling Capital Management LLC lifted its holdings in shares of OUTFRONT Media by 672.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after purchasing an additional 2,522 shares during the period. GAMMA Investing LLC boosted its position in OUTFRONT Media by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock valued at $67,000 after buying an additional 613 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in OUTFRONT Media by 155.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock worth $73,000 after buying an additional 2,555 shares during the period. Finally, KBC Group NV lifted its stake in OUTFRONT Media by 47.9% during the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider's stock valued at $110,000 after acquiring an additional 2,006 shares during the period.

OUTFRONT Media Trading Up 2.3 %

Shares of OUTFRONT Media stock opened at $14.63 on Wednesday. The firm has a fifty day moving average price of $16.38 and a 200 day moving average price of $17.94. The stock has a market cap of $2.44 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $19.98. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share 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 firm had revenue of $493.20 million during the quarter, compared to analyst estimates of $490.42 million. Equities research analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $0.30 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 8.20%. OUTFRONT Media's payout ratio is 81.63%.

About OUTFRONT Media

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.

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