Polar Asset Management Partners Inc. Boosts Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Polar Asset Management Partners Inc. increased its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 247.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 677,930 shares of the financial services provider's stock after buying an additional 482,930 shares during the period. Polar Asset Management Partners Inc. owned about 0.42% of OUTFRONT Media worth $12,026,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in OUT. Loomis Sayles & Co. L P purchased a new position in OUTFRONT Media during the 4th quarter worth $47,000. Sterling Capital Management LLC lifted its position in OUTFRONT Media by 672.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after acquiring an additional 2,522 shares during the period. Smartleaf Asset Management LLC grew 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 purchasing an additional 2,555 shares during the last quarter. KBC Group NV raised its stake in shares of 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 last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of OUTFRONT Media during the fourth quarter worth about $113,000.

OUTFRONT Media Trading Down 0.3%

OUTFRONT Media stock traded down $0.05 during midday trading on Friday, hitting $16.54. 452,723 shares of the stock were exchanged, compared to its average volume of 1,662,286. 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 stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.06 and a beta of 1.84. The stock's 50-day simple moving average is $15.38 and its 200 day simple moving average is $17.37. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.98.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $396.17 million. On average, equities analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.20 annualized dividend and a dividend yield of 7.26%. OUTFRONT Media's dividend payout ratio is currently 78.95%.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley decreased their price objective 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. Wall Street Zen lowered OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Barrington Research reaffirmed an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Finally, Citigroup reaffirmed a "buy" rating and set a $19.00 target price (up from $17.00) on shares of OUTFRONT Media in a report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.