Wellington Management Group LLP Has $69.35 Million Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Wellington Management Group LLP trimmed its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,772,855 shares of the financial services provider's stock after selling 143,632 shares during the period. Wellington Management Group LLP owned approximately 2.27% of OUTFRONT Media worth $69,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in OUTFRONT Media during the third quarter worth about $32,000. Quarry LP lifted its holdings in shares of 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 in the last quarter. National Bank of Canada FI acquired a new position in shares of OUTFRONT Media in the 2nd quarter valued at approximately $28,000. Quest Partners LLC increased its stake in OUTFRONT Media by 30.0% during the 2nd 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 in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in OUTFRONT Media during the 3rd quarter worth approximately $108,000.

OUTFRONT Media Stock Performance

OUT stock traded down $0.03 during mid-day trading on Wednesday, hitting $18.79. 2,730,282 shares of the company were exchanged, compared to its average volume of 1,792,146. OUTFRONT Media Inc. has a 1-year low of $12.13 and a 1-year high of $19.50. The business has a 50 day simple moving average of $18.57 and a 200-day simple moving average of $16.62. 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 market capitalization of $3.12 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.21 and a beta of 1.97.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $456.38 million. During the same quarter last year, the firm earned $0.46 earnings per share. The business's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts forecast that OUTFRONT Media Inc. will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be paid a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media's dividend payout ratio (DPR) is 87.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OUT. Barrington Research reiterated an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, November 13th. Wolfe Research lowered OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 24th. StockNews.com cut shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Finally, Wells Fargo & Company initiated coverage on OUTFRONT Media in a research report on Thursday, September 19th. They set an "overweight" rating and a $22.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.