OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 442,725 shares of the financial services provider's stock after selling 17,598 shares during the period. Rhumbline Advisers owned approximately 0.27% of OUTFRONT Media worth $7,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Loomis Sayles & Co. L P acquired a new position in OUTFRONT Media in the 4th quarter valued at about $47,000. Sterling Capital Management LLC raised its holdings 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 buying an additional 2,522 shares during the period. Smartleaf Asset Management LLC lifted its position 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 buying an additional 2,555 shares during the last quarter. Lazard Asset Management LLC acquired a new position in OUTFRONT Media in the fourth quarter valued at about $113,000. Finally, Commonwealth Equity Services LLC purchased a new position in OUTFRONT Media during the fourth quarter worth about $192,000.

OUTFRONT Media Stock Down 1.6%

NYSE:OUT traded down $0.27 during mid-day trading on Thursday, hitting $16.10. The stock had a trading volume of 732,736 shares, compared to its average volume of 1,647,336. 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 twelve month low of $12.95 and a twelve month high of $19.98. The company has a market capitalization of $2.69 billion, a PE ratio of 11.48, a PEG ratio of 1.06 and a beta of 1.89. The stock has a 50-day simple moving average of $15.48 and a two-hundred day simple moving average of $17.21.

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

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend was Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) is presently 78.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OUT shares. JPMorgan Chase & Co. decreased 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 lowered OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Citigroup restated a "buy" rating and set a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Wells Fargo & Company dropped their price objective 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. Finally, Barrington Research reissued an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $18.23.

OUTFRONT Media 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.