Axa S.A. Acquires 60,630 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Axa S.A. lifted its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 47.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 188,055 shares of the financial services provider’s stock after purchasing an additional 60,630 shares during the period. Axa S.A.’s holdings in OUTFRONT Media were worth $2,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Riverview Trust Co bought a new position in OUTFRONT Media during the 1st quarter valued at $33,000. National Bank of Canada FI purchased a new stake in shares of OUTFRONT Media in the second quarter valued at about $28,000. GAMMA Investing LLC lifted its position in shares of OUTFRONT Media by 105.2% during the first quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,973 shares in the last quarter. Quest Partners LLC boosted its holdings in 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 purchasing an additional 994 shares during the last quarter. Finally, M&G Plc bought a new stake in OUTFRONT Media in the 2nd quarter worth about $152,000.

OUTFRONT Media Trading Up 0.2 %

Shares of OUT stock opened at $18.38 on Tuesday. OUTFRONT Media Inc. has a 1 year low of $8.18 and a 1 year high of $18.89. The company’s fifty day simple moving average is $16.41 and its two-hundred day simple moving average is $15.54. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of -6.91, a PEG ratio of 1.21 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.60. The firm had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $482.27 million. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. As a group, analysts anticipate that OUTFRONT Media Inc. will post 1.53 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend was Friday, September 6th. OUTFRONT Media’s payout ratio is -45.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company started coverage on OUTFRONT Media in a research note on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price on the stock. Barrington Research boosted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. StockNews.com upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. TD Cowen assumed coverage on OUTFRONT Media in a research note on Tuesday, July 16th. They set a “hold” rating and a $16.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

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.