DigitalBridge Group Inc. Sells 103,267 Shares of OUTFRONT Media Inc. (NYSE:OUT)

DigitalBridge Group Inc. lowered its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 922,051 shares of the financial services provider's stock after selling 103,267 shares during the period. OUTFRONT Media makes up 1.2% of DigitalBridge Group Inc.'s portfolio, making the stock its 22nd biggest position. DigitalBridge Group Inc. owned about 0.57% of OUTFRONT Media worth $16,357,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P acquired a new position in shares of OUTFRONT Media in the 4th quarter valued at approximately $47,000. Sterling Capital Management LLC lifted its position in OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 2,522 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of OUTFRONT Media by 19.3% during the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock valued at $67,000 after buying an additional 613 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in OUTFRONT Media by 155.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 2,555 shares in the last quarter. Finally, KBC Group NV lifted its holdings in OUTFRONT Media by 47.9% in the fourth quarter. KBC Group NV now owns 6,198 shares of the financial services provider's stock worth $110,000 after purchasing an additional 2,006 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley cut their target price on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Barrington Research reissued an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their price target on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $17.97.

OUTFRONT Media Stock Down 2.8 %

NYSE OUT traded down $0.43 during trading on Friday, reaching $14.96. The company's stock had a trading volume of 1,748,087 shares, compared to its average volume of 1,673,057. The stock has a market capitalization of $2.50 billion, a PE ratio of 10.66, a PEG ratio of 1.06 and a beta of 1.84. The business has a 50-day moving average price of $15.53 and a 200-day moving average price of $17.61. The company has a current ratio of 0.65, a quick 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 $19.98.

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

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, June 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date of this dividend is Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) is currently 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.