Algert Global LLC Increases Stake in OUTFRONT Media Inc. (NYSE:OUT)

Algert Global LLC grew its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 918,813 shares of the financial services provider's stock after buying an additional 67,653 shares during the period. OUTFRONT Media accounts for about 0.4% of Algert Global LLC's portfolio, making the stock its 18th biggest holding. Algert Global LLC owned approximately 0.57% of OUTFRONT Media worth $16,300,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of OUT. JPMorgan Chase & Co. raised its position in shares of 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 valued at $49,400,000 after buying an additional 2,153,423 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of OUTFRONT Media by 653.3% during the third quarter. Franklin Resources Inc. now owns 229,872 shares of the financial services provider's stock worth $4,260,000 after buying an additional 199,356 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of OUTFRONT Media by 40.1% during the fourth quarter. Wells Fargo & Company MN now owns 94,898 shares of the financial services provider's stock valued at $1,684,000 after purchasing an additional 27,166 shares in the last quarter. Bank of Montreal Can grew its holdings in OUTFRONT Media by 125.8% during the 4th quarter. Bank of Montreal Can now owns 41,563 shares of the financial services provider's stock worth $737,000 after acquiring an additional 23,159 shares during the last quarter. Finally, Barclays PLC raised its position in OUTFRONT Media by 43.0% during the 3rd quarter. Barclays PLC now owns 501,439 shares of the financial services provider's stock worth $9,218,000 after purchasing an additional 150,669 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barrington Research restated an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Morgan Stanley lowered their price target 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.08.

OUTFRONT Media Trading Up 0.3 %

Shares of OUT stock traded up $0.04 during trading hours on Wednesday, hitting $15.60. 2,033,736 shares of the company were exchanged, compared to its average volume of 1,678,949. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50 day simple moving average of $15.71 and a two-hundred day simple moving average of $17.68. The firm has a market cap of $2.61 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.06 and a beta of 1.84. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.98.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. The firm had revenue of $493.20 million for the quarter, compared to the consensus estimate of $490.42 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. Equities analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.69%. OUTFRONT Media's dividend payout ratio is presently 81.63%.

OUTFRONT Media Company Profile

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.