Y Intercept Hong Kong Ltd Has $275,000 Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Y Intercept Hong Kong Ltd trimmed its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 67.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,952 shares of the financial services provider's stock after selling 30,590 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in OUTFRONT Media were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of OUT. Quarry LP lifted its position in OUTFRONT Media by 258.8% during the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider's stock worth $26,000 after buying an additional 1,325 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of OUTFRONT Media during the second quarter worth approximately $28,000. Harbor Capital Advisors Inc. bought a new stake in shares of OUTFRONT Media during the third quarter valued at approximately $32,000. Virtus Fund Advisers LLC acquired a new stake in shares of OUTFRONT Media in the third quarter valued at approximately $49,000. Finally, Quest Partners LLC raised its position 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 worth $62,000 after purchasing an additional 994 shares during the last quarter.

OUTFRONT Media Trading Up 0.3 %

Shares of OUTFRONT Media stock traded up $0.05 during trading on Thursday, hitting $17.59. 1,656,406 shares of the company were exchanged, compared to its average volume of 1,790,284. 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 firm has a market capitalization of $2.92 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 1.20 and a beta of 1.96. The firm's fifty day moving average price is $18.63 and its 200 day moving average price is $16.78. OUTFRONT Media Inc. has a 1-year low of $12.27 and a 1-year 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). The firm 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%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. As a group, sell-side analysts expect that OUTFRONT Media Inc. will post 1.56 earnings per share 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. Investors of record on Friday, November 15th will be given a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media's dividend payout ratio is currently 87.59%.

Analyst Ratings Changes

OUT has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the company an "equal weight" rating in a research report on Wednesday. Wolfe Research cut OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 24th. StockNews.com cut OUTFRONT Media from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Barrington Research reaffirmed an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company assumed coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They set an "overweight" rating and a $22.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $19.00.

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.