Sanctuary Advisors LLC Makes New $318,000 Investment in OUTFRONT Media Inc. (NYSE:OUT)

Sanctuary Advisors LLC purchased a new stake in OUTFRONT Media Inc. (NYSE:OUT) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 16,618 shares of the financial services provider’s stock, valued at approximately $318,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of OUTFRONT Media during the 3rd quarter worth approximately $32,000. Quarry LP lifted its holdings in OUTFRONT Media by 258.8% during the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,325 shares during the last quarter. National Bank of Canada FI bought a new position in OUTFRONT Media during the second quarter worth $28,000. Virtus Fund Advisers LLC acquired a new position in shares of OUTFRONT Media in the third quarter valued at $49,000. Finally, Quest Partners LLC increased its holdings in shares of OUTFRONT Media by 30.0% in the second 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 last quarter.

OUTFRONT Media Stock Performance

NYSE:OUT opened at $17.69 on Friday. OUTFRONT Media Inc. has a twelve month low of $12.27 and a twelve month high of $19.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The stock’s 50-day simple moving average is $18.55 and its 200 day simple moving average is $16.93. The firm has a market capitalization of $2.94 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 1.20 and a beta of 1.96.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.20). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company had revenue of $451.90 million for the quarter, compared to analyst estimates of $456.38 million. During the same quarter last year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts anticipate that OUTFRONT Media Inc. will post 1.56 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is currently 87.59%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OUT shares. Wolfe Research cut shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Barrington Research restated an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, November 13th. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Morgan Stanley boosted their price target on OUTFRONT Media from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company started coverage on OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.00.

OUTFRONT Media 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.