Jefferies Financial Group Inc. Makes New $608,000 Investment in OUTFRONT Media Inc. (NYSE:OUT)

Jefferies Financial Group Inc. purchased a new stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 34,276 shares of the financial services provider's stock, valued at approximately $608,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OUT. Raymond James Financial Inc. bought a new position in shares of OUTFRONT Media in the fourth quarter worth about $980,000. Polar Asset Management Partners Inc. boosted its holdings in shares of OUTFRONT Media by 247.7% in the fourth quarter. Polar Asset Management Partners Inc. now owns 677,930 shares of the financial services provider's stock valued at $12,026,000 after buying an additional 482,930 shares during the period. Bank of America Corp DE boosted its holdings in shares of OUTFRONT Media by 28.2% in the fourth quarter. Bank of America Corp DE now owns 346,544 shares of the financial services provider's stock valued at $6,148,000 after buying an additional 76,306 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of OUTFRONT Media by 40.1% in 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 buying an additional 27,166 shares during the period. Finally, Northern Trust Corp lifted its position in shares of OUTFRONT Media by 8.2% in the fourth quarter. Northern Trust Corp now owns 2,119,006 shares of the financial services provider's stock worth $37,591,000 after purchasing an additional 159,848 shares in the last quarter.

OUTFRONT Media Trading Up 1.9%

OUTFRONT Media stock traded up $0.31 during mid-day trading on Tuesday, hitting $16.79. 1,514,800 shares of the stock were exchanged, compared to its average volume of 1,656,866. 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 12 month low of $12.95 and a 12 month high of $19.98. The firm's fifty day simple moving average is $15.39 and its two-hundred day simple moving average is $17.31. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.06 and a beta of 1.84.

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

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.15%. The ex-dividend date was Friday, June 6th. OUTFRONT Media's payout ratio is currently 78.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OUT. Morgan Stanley cut their price objective on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company decreased their price target on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Barrington Research reiterated an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Citigroup reiterated a "buy" rating and set a $19.00 price objective (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Finally, Wall Street Zen downgraded shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $18.23.

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.