OUTFRONT Media Inc. (NYSE:OUT) Stake Lifted by Stifel Financial Corp

Stifel Financial Corp increased its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,212 shares of the financial services provider’s stock after purchasing an additional 5,412 shares during the quarter. Stifel Financial Corp’s holdings in OUTFRONT Media were worth $1,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP lifted its position 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 valued at $26,000 after acquiring an additional 1,325 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of OUTFRONT Media during the second quarter worth $28,000. Harbor Capital Advisors Inc. purchased a new stake in shares of OUTFRONT Media during the third quarter valued at $32,000. Quest Partners LLC boosted its position in shares of 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 purchasing an additional 994 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in OUTFRONT Media in the 3rd quarter worth about $108,000.

Wall Street Analyst Weigh In

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

OUTFRONT Media Trading Up 3.4 %

Shares of NYSE OUT opened at $18.18 on Friday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 1.20 and a beta of 1.96. The business has a 50 day simple moving average of $18.61 and a 200 day simple moving average of $16.81. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. OUTFRONT Media Inc. has a 52 week low of $12.27 and a 52 week high of $19.50.

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

OUTFRONT Media Cuts Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s payout ratio is currently 87.59%.

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.