Jefferies Financial Group Inc. Buys Shares of 34,276 OUTFRONT Media Inc. (NYSE:OUT)

Jefferies Financial Group Inc. acquired a new stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 34,276 shares of the financial services provider's stock, valued at approximately $608,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P acquired a new stake in OUTFRONT Media in the 4th quarter valued at about $47,000. Sterling Capital Management LLC increased its stake in shares of OUTFRONT Media by 672.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after buying an additional 2,522 shares during the period. Smartleaf Asset Management LLC raised its holdings in OUTFRONT Media by 155.5% in the fourth 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. KBC Group NV raised 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 valued at $110,000 after acquiring an additional 2,006 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in OUTFRONT Media in the fourth quarter worth approximately $113,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Wall Street Zen downgraded shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Morgan Stanley lowered their target price on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Barrington Research reiterated an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company decreased their target price on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $18.23.

OUTFRONT Media Stock Down 0.1%

OUT stock traded down $0.02 during trading on Friday, hitting $16.57. 1,485,337 shares of the company's stock were exchanged, compared to its average volume of 1,658,603. The business has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $17.34. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.06 and a beta of 1.84. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $19.98. 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 (NYSE:OUT - Get Free Report) last released its quarterly earnings results 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 firm 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%. As a group, equities research analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 7.24%. OUTFRONT Media's dividend payout ratio (DPR) is 78.95%.

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.