GAMMA Investing LLC Raises Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

GAMMA Investing LLC raised its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 19.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,796 shares of the financial services provider’s stock after purchasing an additional 613 shares during the period. GAMMA Investing LLC’s holdings in OUTFRONT Media were worth $67,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in OUTFRONT Media by 403.1% in the third quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider’s stock worth $49,400,000 after purchasing an additional 2,153,423 shares during the period. Franklin Resources Inc. boosted its position in shares of OUTFRONT Media by 653.3% in the 3rd quarter. Franklin Resources Inc. now owns 229,872 shares of the financial services provider’s stock worth $4,260,000 after purchasing an additional 199,356 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of OUTFRONT Media in the 3rd quarter worth approximately $318,000. Vestcor Inc increased its position in OUTFRONT Media by 846.4% during the 3rd quarter. Vestcor Inc now owns 113,572 shares of the financial services provider’s stock valued at $2,087,000 after buying an additional 101,572 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in OUTFRONT Media during the third quarter valued at $204,000.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $17.17 on Monday. 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 company has a 50 day moving average price of $18.35 and a 200-day moving average price of $17.27. OUTFRONT Media Inc. has a 52 week low of $12.27 and a 52 week high of $19.50. The firm has a market capitalization of $2.85 billion, a PE ratio of 12.53, a P/E/G ratio of 1.20 and a beta of 1.96.

OUTFRONT Media (NYSE:OUT) last issued its 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). The company had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. As a group, equities research analysts expect that OUTFRONT Media Inc. will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 15th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, November 15th. OUTFRONT Media’s payout ratio is currently 87.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on OUT shares. 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. Morgan Stanley increased their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Barrington Research reiterated an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, November 13th. Finally, Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Five 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, the company currently has an average rating of “Hold” and an average 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.