Systematic Financial Management LP Has $1.17 Million Stake in OUTFRONT Media Inc. (NYSE:OUT)

Systematic Financial Management LP trimmed its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 48.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,074 shares of the financial services provider's stock after selling 62,176 shares during the period. Systematic Financial Management LP's holdings in OUTFRONT Media were worth $1,172,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OUT. Barclays PLC boosted its position in OUTFRONT Media by 43.0% during the third quarter. Barclays PLC now owns 501,439 shares of the financial services provider's stock worth $9,218,000 after purchasing an additional 150,669 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in OUTFRONT Media by 82.2% during the 4th quarter. Diversify Advisory Services LLC now owns 28,190 shares of the financial services provider's stock valued at $483,000 after acquiring an additional 12,718 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in shares of OUTFRONT Media by 2.1% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,477,499 shares of the financial services provider's stock valued at $26,211,000 after purchasing an additional 31,079 shares in the last quarter. Fifth Third Bancorp grew its position in shares of OUTFRONT Media by 56.4% in the fourth quarter. Fifth Third Bancorp now owns 11,608 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 4,186 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of OUTFRONT Media by 47.9% during the 4th 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 in the last quarter.

OUTFRONT Media Stock Performance

NYSE OUT traded down $0.13 during trading hours on Friday, hitting $15.60. The company had a trading volume of 382,706 shares, compared to its average volume of 1,671,356. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.98. The firm has a market cap of $2.61 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.06 and a beta of 1.84. 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 business has a fifty day simple moving average of $15.40 and a 200-day simple moving average of $17.45.

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 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 during the quarter, compared to analyst estimates of $396.17 million. Equities analysts predict 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 will be paid on Friday, May 30th. Shareholders of record on Friday, June 6th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.69%. The ex-dividend date is Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) is presently 78.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley lowered 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. Wells Fargo & Company decreased their price target on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their price objective on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday. Barrington Research restated an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $18.08.

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.