Bank of Montreal Can Grows Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Bank of Montreal Can increased its stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 125.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,563 shares of the financial services provider's stock after purchasing an additional 23,159 shares during the quarter. Bank of Montreal Can's holdings in OUTFRONT Media were worth $737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of OUTFRONT Media by 132.5% during the 4th quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock valued at $276,819,000 after buying an additional 8,892,411 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in OUTFRONT Media by 403.1% in the 3rd 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in OUTFRONT Media by 79.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,001,402 shares of the financial services provider's stock worth $35,505,000 after buying an additional 886,605 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of OUTFRONT Media by 145.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,472,416 shares of the financial services provider's stock worth $26,121,000 after buying an additional 873,484 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of OUTFRONT Media by 754.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 924,510 shares of the financial services provider's stock valued at $16,401,000 after buying an additional 816,325 shares during the last quarter.

OUTFRONT Media Stock Performance

NYSE:OUT traded down $0.14 during trading hours on Friday, reaching $14.85. The company had a trading volume of 183,077 shares, compared to its average volume of 1,704,967. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.06 and a beta of 1.79. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The firm's 50 day moving average price is $16.21 and its 200-day moving average price is $17.89. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 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 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The business had revenue of $493.20 million during the quarter, compared to analysts' expectations of $490.42 million. On average, analysts forecast that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 8.08%. OUTFRONT Media's dividend payout ratio is currently 81.63%.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $19.37.

OUTFRONT Media 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.