Creative Planning Has $447,000 Stock Position in OUTFRONT Media Inc. (NYSE:OUT)

Creative Planning increased its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,336 shares of the financial services provider’s stock after buying an additional 2,368 shares during the quarter. Creative Planning’s holdings in OUTFRONT Media were worth $447,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in OUT. Land & Buildings Investment Management LLC acquired a new position in OUTFRONT Media during the 2nd quarter worth approximately $22,724,000. Lasalle Investment Management Securities LLC raised its stake in OUTFRONT Media by 17.3% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock worth $47,733,000 after buying an additional 419,706 shares during the period. First Eagle Investment Management LLC raised its stake in OUTFRONT Media by 216.1% during the 1st quarter. First Eagle Investment Management LLC now owns 479,191 shares of the financial services provider’s stock worth $8,046,000 after buying an additional 327,584 shares during the period. DigitalBridge Group Inc. raised its stake in OUTFRONT Media by 11.7% during the 2nd quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider’s stock worth $44,703,000 after buying an additional 327,125 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in OUTFRONT Media by 10.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider’s stock worth $30,567,000 after buying an additional 210,208 shares during the period.

OUTFRONT Media Trading Down 0.4 %

Shares of OUT stock opened at $18.00 on Thursday. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.67 and a current ratio of 0.67. OUTFRONT Media Inc. has a 52-week low of $11.06 and a 52-week high of $19.33. The company has a market capitalization of $2.99 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.16 and a beta of 1.94. The business’s fifty day moving average is $17.92 and its 200 day moving average is $16.01.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The company had revenue of $477.30 million for the quarter, compared to the consensus estimate of $482.27 million. During the same quarter last year, the business posted $0.47 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that OUTFRONT Media Inc. will post 1.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barrington Research upped their price target on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. 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 price objective for the company. StockNews.com downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. TD Cowen started coverage on OUTFRONT Media in a research note on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Four investment 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, the company has an average rating of “Hold” and a consensus target price of $18.50.

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.