Systematic Financial Management LP Purchases 64,475 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Systematic Financial Management LP boosted its stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 101.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,250 shares of the financial services provider's stock after purchasing an additional 64,475 shares during the period. Systematic Financial Management LP owned about 0.08% of OUTFRONT Media worth $2,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC lifted its stake in OUTFRONT Media by 13.6% in the 3rd quarter. FMR LLC now owns 6,711,791 shares of the financial services provider's stock valued at $123,363,000 after purchasing an additional 803,292 shares during the last quarter. DigitalBridge Group Inc. grew its holdings in OUTFRONT Media by 11.7% in the second quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider's stock worth $44,703,000 after purchasing an additional 327,125 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in OUTFRONT Media by 10.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider's stock worth $30,567,000 after purchasing an additional 210,208 shares during the period. Land & Buildings Investment Management LLC acquired a new stake in OUTFRONT Media in the second quarter worth $22,724,000. Finally, ZWJ Investment Counsel Inc. grew its holdings in OUTFRONT Media by 2.7% in the third quarter. ZWJ Investment Counsel Inc. now owns 1,446,420 shares of the financial services provider's stock worth $26,585,000 after purchasing an additional 38,327 shares during the period.

OUTFRONT Media Stock Up 0.2 %

Shares of NYSE:OUT traded up $0.04 during midday trading on Friday, hitting $18.95. 2,720,712 shares of the company's stock were exchanged, compared to its average volume of 1,787,141. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a 50 day moving average price of $18.54 and a 200-day moving average price of $16.53. The company has a market cap of $3.15 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.22 and a beta of 1.96. OUTFRONT Media Inc. has a 12 month low of $12.13 and a 12 month high of $19.50.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 40.33% and a net margin of 13.30%. The firm had revenue of $451.90 million during the quarter, compared to the consensus estimate of $456.38 million. During the same period in the previous year, the company posted $0.46 earnings per share. The company's revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.56 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

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

Analyst Ratings Changes

OUT has been the subject of a number of research reports. Wolfe Research cut shares of OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a 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. Wells Fargo & Company began coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They set an "overweight" rating and a $22.00 target price for the company. Finally, Barrington Research reissued an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.