Polar Asset Management Partners Inc. Takes Position in OUTFRONT Media Inc. (NYSE:OUT)

Polar Asset Management Partners Inc. purchased a new position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 195,000 shares of the financial services provider's stock, valued at approximately $3,584,000. Polar Asset Management Partners Inc. owned about 0.12% of OUTFRONT Media as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of OUTFRONT Media by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 88,246 shares of the financial services provider's stock valued at $1,482,000 after acquiring an additional 5,357 shares during the period. Cetera Advisors LLC purchased a new position in OUTFRONT Media during the 1st quarter worth approximately $218,000. SG Americas Securities LLC boosted its position in shares of OUTFRONT Media by 266.2% in the second quarter. SG Americas Securities LLC now owns 48,711 shares of the financial services provider's stock worth $697,000 after buying an additional 35,409 shares during the period. M&G Plc acquired a new position in OUTFRONT Media during the second quarter valued at $152,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in OUTFRONT Media by 10.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider's stock worth $30,567,000 after acquiring an additional 210,208 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barrington Research restated an "outperform" rating and set a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, November 13th. StockNews.com downgraded OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Wolfe Research lowered OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company initiated coverage on shares of OUTFRONT Media in a research note on Thursday, September 19th. They issued an "overweight" rating and a $22.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, OUTFRONT Media presently has an average rating of "Hold" and an average price target of $19.25.

OUTFRONT Media Stock Performance

OUT stock traded down $0.18 during mid-day trading on Thursday, reaching $18.91. 1,351,126 shares of the stock traded hands, compared to its average volume of 1,782,125. The firm has a market capitalization of $3.14 billion, a PE ratio of 13.80, a P/E/G ratio of 1.22 and a beta of 1.96. The business has a 50-day moving average of $18.53 and a two-hundred day moving average of $16.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media Inc. has a 52 week low of $12.13 and a 52 week high of $19.50.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its 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 company had revenue of $451.90 million for the quarter, compared to analyst estimates of $456.38 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. OUTFRONT Media's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 earnings per share. As a group, equities analysts predict 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. Stockholders 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 dividend payout ratio is presently 87.59%.

OUTFRONT Media Company 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.