BNP Paribas Financial Markets trimmed its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 89.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,668 shares of the financial services provider's stock after selling 496,976 shares during the period. BNP Paribas Financial Markets' holdings in OUTFRONT Media were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in OUTFRONT Media in the 4th quarter valued at approximately $980,000. Wells Fargo & Company MN grew its stake in OUTFRONT Media by 40.1% in the 4th quarter. Wells Fargo & Company MN now owns 94,898 shares of the financial services provider's stock valued at $1,684,000 after buying an additional 27,166 shares in the last quarter. Northern Trust Corp boosted its holdings in OUTFRONT Media by 8.2% in the 4th quarter. Northern Trust Corp now owns 2,119,006 shares of the financial services provider's stock valued at $37,591,000 after purchasing an additional 159,848 shares during the period. Bank of Montreal Can boosted its holdings in OUTFRONT Media by 125.8% in the 4th 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. Finally, Barclays PLC boosted its holdings in OUTFRONT Media by 43.0% in the 3rd quarter. Barclays PLC now owns 501,439 shares of the financial services provider's stock valued at $9,218,000 after purchasing an additional 150,669 shares during the period.
OUTFRONT Media Price Performance
Shares of NYSE OUT traded down $0.04 during mid-day trading on Monday, reaching $15.70. 1,273,116 shares of the company were exchanged, compared to its average volume of 1,678,169. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $19.98. 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 stock has a market capitalization of $2.62 billion, a PE ratio of 11.19, a PEG ratio of 1.06 and a beta of 1.84. The company's 50 day moving average price is $15.38 and its 200 day moving average price is $17.40.
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 analysts' consensus estimates of $0.15 by ($0.01). The company 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%. Sell-side analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.
OUTFRONT Media Dividend Announcement
The firm also recently declared 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 7.65%. The ex-dividend date is Friday, June 6th. OUTFRONT Media's dividend payout ratio is presently 78.95%.
Analysts Set New Price Targets
OUT has been the subject of several analyst reports. Morgan Stanley cut 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. JPMorgan Chase & Co. cut their price target on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Wells Fargo & Company cut their price target on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Wall Street Zen downgraded shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a report on Monday, May 12th. Finally, Barrington Research reissued an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.08.
Read Our Latest Stock Analysis on OUT
OUTFRONT Media Profile
(
Free Report)
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.
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