New York State Teachers Retirement System Has $1.91 Million Holdings in OUTFRONT Media Inc. (NYSE:OUT)

New York State Teachers Retirement System lifted its stake in OUTFRONT Media Inc. (NYSE:OUT) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,849 shares of the financial services provider’s stock after acquiring an additional 3,175 shares during the period. New York State Teachers Retirement System owned approximately 0.06% of OUTFRONT Media worth $1,909,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dark Forest Capital Management LP grew its holdings in shares of OUTFRONT Media by 3.0% during the 2nd quarter. Dark Forest Capital Management LP now owns 25,133 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 738 shares in the last quarter. Quest Partners LLC increased its holdings 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 valued at $62,000 after buying an additional 994 shares during the period. CWM LLC increased its holdings in OUTFRONT Media by 18.5% in the 3rd quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock valued at $141,000 after buying an additional 1,199 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of OUTFRONT Media by 5.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider’s stock valued at $332,000 after buying an additional 1,220 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of 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 acquiring an additional 1,325 shares during the period.

OUTFRONT Media Trading Down 1.9 %

OUT stock opened at $17.67 on Friday. The business has a fifty day moving average price of $17.95 and a 200 day moving average price of $16.04. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.67 and a quick ratio of 0.67. OUTFRONT Media Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $19.33. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.18 and a beta of 1.94.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price target for the company. JPMorgan Chase & Co. raised their target price on OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Barrington Research upped their price target on OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Wolfe Research lowered OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Finally, TD Cowen assumed coverage on shares of OUTFRONT Media in a research note on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.