Algert Global LLC Purchases 67,653 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Algert Global LLC lifted its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 918,813 shares of the financial services provider's stock after purchasing an additional 67,653 shares during the period. OUTFRONT Media comprises about 0.4% of Algert Global LLC's portfolio, making the stock its 18th biggest holding. Algert Global LLC owned about 0.57% of OUTFRONT Media worth $16,300,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in OUTFRONT Media by 403.1% during the third quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider's stock worth $49,400,000 after acquiring an additional 2,153,423 shares during the last quarter. Franklin Resources Inc. grew its position in OUTFRONT Media by 653.3% in the third quarter. Franklin Resources Inc. now owns 229,872 shares of the financial services provider's stock worth $4,260,000 after acquiring an additional 199,356 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of OUTFRONT Media during the 4th quarter worth about $980,000. Wells Fargo & Company MN boosted its position in shares of OUTFRONT Media by 40.1% during the 4th quarter. Wells Fargo & Company MN now owns 94,898 shares of the financial services provider's stock worth $1,684,000 after purchasing an additional 27,166 shares during the period. Finally, Bank of Montreal Can boosted its holdings in OUTFRONT Media by 125.8% in the fourth quarter. Bank of Montreal Can now owns 41,563 shares of the financial services provider's stock valued at $737,000 after purchasing an additional 23,159 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on OUT shares. Morgan Stanley lowered their target price on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Wells Fargo & Company decreased their target price on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Barrington Research reissued an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, OUTFRONT Media presently has an average rating of "Hold" and a consensus price target of $17.97.

OUTFRONT Media Price Performance

OUTFRONT Media stock traded down $0.49 during trading hours on Friday, hitting $14.90. 930,865 shares of the company traded hands, compared to its average volume of 1,666,925. The firm's 50-day simple moving average is $15.59 and its two-hundred day simple moving average is $17.63. The firm has a market cap of $2.49 billion, a P/E ratio of 10.62, a P/E/G ratio of 1.06 and a beta of 1.84. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.50.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. As a group, analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, June 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.05%. OUTFRONT Media's payout ratio is 81.63%.

About OUTFRONT Media

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.