Jane Street Group LLC Grows Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Jane Street Group LLC raised its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 55.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 247,061 shares of the financial services provider's stock after purchasing an additional 87,971 shares during the quarter. Jane Street Group LLC owned about 0.15% of OUTFRONT Media worth $4,541,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Harbor Capital Advisors Inc. purchased a new position in shares of OUTFRONT Media during the third quarter worth about $32,000. Quarry LP grew its stake in shares of OUTFRONT Media by 258.8% in 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 acquired a new position in shares of OUTFRONT Media in the second quarter valued at approximately $28,000. Virtus Fund Advisers LLC acquired a new position in shares of OUTFRONT Media in the third quarter valued at approximately $49,000. Finally, Quest Partners LLC raised its stake in shares of OUTFRONT Media by 30.0% during the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider's stock worth $62,000 after purchasing an additional 994 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OUT shares. Wolfe Research lowered shares of OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 24th. Barrington Research reaffirmed an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, November 13th. StockNews.com cut shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Wells Fargo & Company began coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They issued an "overweight" rating and a $22.00 price objective for the company. Finally, Morgan Stanley boosted their target price on OUTFRONT Media from $17.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, OUTFRONT Media presently has an average rating of "Hold" and a consensus target price of $19.00.

OUTFRONT Media Price Performance

OUT stock traded down $0.82 during trading on Wednesday, reaching $17.54. 1,941,208 shares of the company were exchanged, compared to its average volume of 1,790,833. 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 stock's 50 day moving average price is $18.64 and its 200 day moving average price is $16.78. OUTFRONT Media Inc. has a 52-week low of $12.27 and a 52-week high of $19.50. The company has a market cap of $2.91 billion, a P/E ratio of 12.80, a PEG ratio of 1.20 and a beta of 1.96.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.20). The firm had revenue of $451.90 million for the quarter, compared to analysts' expectations of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. OUTFRONT Media's revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. As a group, analysts predict that OUTFRONT Media Inc. will post 1.56 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media's payout ratio is 87.59%.

OUTFRONT Media Profile

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.