OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC lessened its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 481,170 shares of the financial services provider's stock after selling 75,962 shares during the period. Verition Fund Management LLC owned 0.29% of OUTFRONT Media worth $8,844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OUT. Quarry LP lifted its position in shares of OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 1,325 shares in the last quarter. National Bank of Canada FI purchased a new position in OUTFRONT Media in the 2nd quarter valued at $28,000. Harbor Capital Advisors Inc. acquired a new stake in OUTFRONT Media during the 3rd quarter worth $32,000. Quest Partners LLC grew its holdings in shares of OUTFRONT Media by 30.0% during the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider's stock worth $62,000 after buying an additional 994 shares in the last quarter. Finally, CWM LLC raised its position in shares of OUTFRONT Media by 18.5% in the third quarter. CWM LLC now owns 7,683 shares of the financial services provider's stock valued at $141,000 after buying an additional 1,199 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on OUT. StockNews.com lowered shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Barrington Research restated an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a report 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, Wells Fargo & Company started coverage on OUTFRONT Media in a research note on Thursday, September 19th. They set an "overweight" rating and a $22.00 price objective on the stock. 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 data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $19.25.

OUTFRONT Media Trading Up 0.2 %

OUT traded up $0.03 during trading hours on Monday, reaching $19.24. The company's stock had a trading volume of 1,732,314 shares, compared to its average volume of 1,784,238. The stock has a market cap of $3.19 billion, a PE ratio of 14.04, a P/E/G ratio of 1.23 and a beta of 1.94. OUTFRONT Media Inc. has a fifty-two week low of $12.13 and a fifty-two week high of $19.50. 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 business's 50-day moving average is $18.49 and its 200-day moving average is $16.43.

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 for the quarter, missing analysts' consensus estimates of $0.39 by ($0.20). The business had revenue of $451.90 million for the quarter, compared to analysts' expectations of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. As a group, equities research analysts predict that OUTFRONT Media Inc. will post 1.56 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 31st. Investors 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 payout ratio is currently 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.