Prospera Financial Services Inc Cuts Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Prospera Financial Services Inc decreased its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 35.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,986 shares of the financial services provider's stock after selling 76,294 shares during the period. Prospera Financial Services Inc owned 0.08% of OUTFRONT Media worth $2,518,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of OUT. DigitalBridge Group Inc. increased its holdings in OUTFRONT Media by 11.7% in the 2nd quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider's stock worth $44,703,000 after buying an additional 327,125 shares during the period. Lasalle Investment Management Securities LLC lifted its stake in OUTFRONT Media by 17.3% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider's stock valued at $47,733,000 after buying an additional 419,706 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in OUTFRONT Media by 10.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider's stock valued at $30,567,000 after purchasing an additional 210,208 shares in the last quarter. Land & Buildings Investment Management LLC purchased a new stake in shares of OUTFRONT Media during the second quarter worth $22,724,000. Finally, ZWJ Investment Counsel Inc. grew its stake in OUTFRONT Media by 2.7% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 1,446,420 shares of the financial services provider's stock valued at $26,585,000 after acquiring an additional 38,327 shares in the last quarter.

OUTFRONT Media Price Performance

Shares of OUTFRONT Media stock traded up $0.25 during trading on Thursday, reaching $19.02. The company's stock had a trading volume of 420,564 shares, compared to its average volume of 1,762,429. OUTFRONT Media Inc. has a one year low of $11.98 and a one year high of $19.33. The stock has a market capitalization of $3.16 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.22 and a beta of 1.94. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The stock has a 50-day moving average price of $18.26 and a two-hundred day moving average price of $16.19.

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 (EPS) 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 company had revenue of $451.90 million during the quarter, compared to analyst estimates of $456.38 million. During the same period in the prior year, the firm posted $0.46 EPS. OUTFRONT Media's revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.54 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company 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 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%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on OUT shares. Wolfe Research lowered shares of OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. StockNews.com cut OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Barrington Research restated an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company assumed 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $19.25.

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.