Barclays PLC Acquires 173,481 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Barclays PLC boosted its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 34.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 674,920 shares of the financial services provider's stock after acquiring an additional 173,481 shares during the quarter. Barclays PLC owned 0.42% of OUTFRONT Media worth $11,974,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its holdings in shares of OUTFRONT Media by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,484 shares of the financial services provider's stock worth $275,000 after purchasing an additional 812 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after buying an additional 2,522 shares during the last quarter. LSV Asset Management raised its position in shares of OUTFRONT Media by 6,623.5% during the 4th quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider's stock valued at $28,302,000 after buying an additional 1,571,634 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of OUTFRONT Media during the 4th quarter worth $980,000. Finally, Bank of Montreal Can grew its position in OUTFRONT Media by 125.8% in 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 in the last quarter.

OUTFRONT Media Trading Up 2.5 %

NYSE:OUT traded up $0.36 during trading hours on Thursday, reaching $15.01. The company's stock had a trading volume of 1,172,182 shares, compared to its average volume of 1,710,956. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.06 and a beta of 1.79. The firm has a 50-day simple moving average of $16.29 and a 200-day simple moving average of $17.91. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $19.98.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The firm had revenue of $493.20 million for the quarter, compared to the consensus estimate of $490.42 million. Research analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.20 annualized dividend and a yield of 7.99%. OUTFRONT Media's payout ratio is currently 81.63%.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an "outperform" rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $19.37.

OUTFRONT Media Company 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.