UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 109.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,245 shares of the financial services provider's stock after buying an additional 198,528 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of OUTFRONT Media worth $6,971,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of OUT. Harbor Capital Advisors Inc. purchased a new position in OUTFRONT Media in the 3rd quarter valued at about $32,000. Quarry LP boosted its position in OUTFRONT Media by 258.8% during the second quarter. Quarry LP now owns 1,837 shares of the financial services provider's stock worth $26,000 after acquiring an additional 1,325 shares during the last quarter. National Bank of Canada FI purchased a new stake in OUTFRONT Media in the 2nd quarter worth approximately $28,000. Quest Partners LLC raised its holdings in OUTFRONT Media by 30.0% in the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 994 shares during the last quarter. Finally, CWM LLC raised its holdings in OUTFRONT Media by 18.5% in the 3rd quarter. CWM LLC now owns 7,683 shares of the financial services provider's stock valued at $141,000 after acquiring an additional 1,199 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on OUT. Wells Fargo & Company started coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They issued an "overweight" rating and a $22.00 target price on the stock. Barrington Research reissued an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Wolfe Research cut OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 24th. Finally, StockNews.com lowered OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, OUTFRONT Media presently has an average rating of "Hold" and an average target price of $19.25.
Check Out Our Latest Report on OUTFRONT Media
OUTFRONT Media Price Performance
OUT traded down $0.18 on Tuesday, reaching $18.82. The company had a trading volume of 1,082,538 shares, compared to its average volume of 1,788,333. The company has a market capitalization of $3.12 billion, a P/E ratio of 13.74, a PEG ratio of 1.21 and a beta of 1.97. 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 company has a fifty day moving average of $18.57 and a 200-day moving average of $16.62. OUTFRONT Media Inc. has a one year low of $12.13 and a one year high of $19.50.
OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share 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 for the quarter, compared to the consensus estimate of $456.38 million. During the same period in the prior year, the business earned $0.46 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that OUTFRONT Media Inc. will post 1.56 earnings per share for the current year.
OUTFRONT Media Cuts Dividend
The business also recently declared a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media's dividend payout ratio is currently 87.59%.
About OUTFRONT Media
(
Free Report)
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.
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