Walleye Capital LLC Acquires 33,795 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Walleye Capital LLC increased its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 362,074 shares of the financial services provider's stock after purchasing an additional 33,795 shares during the quarter. Walleye Capital LLC owned 0.22% of OUTFRONT Media worth $6,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP raised its position 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 purchasing an additional 1,325 shares during the last quarter. National Bank of Canada FI bought a new position in shares of OUTFRONT Media during the second quarter valued at approximately $28,000. Harbor Capital Advisors Inc. purchased a new stake in OUTFRONT Media in the third quarter worth $32,000. Quest Partners LLC boosted its holdings in 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 acquiring an additional 994 shares in the last quarter. Finally, CWM LLC increased its position in OUTFRONT Media by 18.5% during the 3rd quarter. CWM LLC now owns 7,683 shares of the financial services provider's stock valued at $141,000 after purchasing an additional 1,199 shares during the period.

OUTFRONT Media Stock Performance

OUT traded up $0.01 during midday trading on Friday, reaching $19.21. The company had a trading volume of 1,040,563 shares, compared to its average volume of 2,278,489. OUTFRONT Media Inc. has a 1 year low of $11.98 and a 1 year high of $19.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a market cap of $3.19 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.23 and a beta of 1.94. The business has a 50-day moving average of $18.48 and a two-hundred day moving average of $16.40.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.20). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $451.90 million for the quarter, compared to analysts' expectations of $456.38 million. During the same quarter last year, the firm posted $0.46 EPS. The firm's quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research 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 declared a special dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be issued a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media's dividend payout ratio is currently 87.59%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Barrington Research restated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, November 13th. Wells Fargo & Company began coverage on OUTFRONT Media in a research report on Thursday, September 19th. They issued an "overweight" rating and a $22.00 price target on the stock. Finally, Wolfe Research lowered OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $19.25.

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.