Vestcor Inc Has $2.09 Million Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Vestcor Inc boosted its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 846.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,572 shares of the financial services provider's stock after purchasing an additional 101,572 shares during the period. Vestcor Inc owned 0.07% of OUTFRONT Media worth $2,087,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of OUTFRONT Media in the 3rd quarter valued at approximately $32,000. Quarry LP lifted its stake in 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 during the last quarter. National Bank of Canada FI bought a new position in shares of OUTFRONT Media in the 2nd quarter valued at about $28,000. Virtus Fund Advisers LLC acquired a new position in shares of OUTFRONT Media during the 3rd quarter worth about $49,000. Finally, Quest Partners LLC raised its holdings in shares of 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 purchasing an additional 994 shares during the period.

OUTFRONT Media Stock Performance

OUT traded down $0.03 during trading on Wednesday, hitting $18.79. The stock had a trading volume of 2,730,282 shares, compared to its average volume of 1,792,146. 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 company has a 50 day moving average price of $18.59 and a 200-day moving average price of $16.63. OUTFRONT Media Inc. has a one year low of $12.13 and a one year high of $19.50. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 13.72, a P/E/G 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 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.20). The business had revenue of $451.90 million during 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%. The company's revenue was down .6% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. As a group, research analysts predict that OUTFRONT Media Inc. will post 1.56 EPS 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 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 currently 87.59%.

Wall Street Analysts Forecast Growth

OUT has been the topic of a number of recent analyst reports. Wolfe Research downgraded OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 24th. StockNews.com cut OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Wells Fargo & Company started coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They set an "overweight" rating and a $22.00 price objective for the company. Finally, Barrington Research reissued an "outperform" rating and issued a $21.00 price objective 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $19.25.

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.