Systematic Financial Management LP cut its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 48.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,074 shares of the financial services provider's stock after selling 62,176 shares during the quarter. Systematic Financial Management LP's holdings in OUTFRONT Media were worth $1,172,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of OUTFRONT Media during the 4th quarter worth $980,000. Wells Fargo & Company MN boosted its position in shares of OUTFRONT Media by 40.1% in the 4th quarter. Wells Fargo & Company MN now owns 94,898 shares of the financial services provider's stock worth $1,684,000 after buying an additional 27,166 shares in the last quarter. Northern Trust Corp boosted its position in shares of OUTFRONT Media by 8.2% in the 4th quarter. Northern Trust Corp now owns 2,119,006 shares of the financial services provider's stock worth $37,591,000 after buying an additional 159,848 shares in the last quarter. Bank of Montreal Can boosted its position in shares of OUTFRONT Media by 125.8% in the 4th quarter. Bank of Montreal Can now owns 41,563 shares of the financial services provider's stock worth $737,000 after buying an additional 23,159 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of OUTFRONT Media by 43.0% in the 3rd quarter. Barclays PLC now owns 501,439 shares of the financial services provider's stock worth $9,218,000 after buying an additional 150,669 shares in the last quarter.
OUTFRONT Media Trading Up 0.1%
NYSE:OUT traded up $0.01 on Tuesday, reaching $16.36. The stock had a trading volume of 1,122,530 shares, compared to its average volume of 1,677,541. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 1.06 and a beta of 1.84. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The firm's fifty day moving average is $15.43 and its two-hundred day moving average is $17.48. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.98.
OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its quarterly earnings data 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 net margin of 13.30% and a return on equity of 40.33%. The company had revenue of $390.70 million for the quarter, compared to analyst estimates of $396.17 million. Equities analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.
OUTFRONT Media Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date of this dividend is Friday, June 6th. OUTFRONT Media's dividend payout ratio is currently 78.95%.
Analyst Ratings Changes
Several equities research analysts recently 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 on the stock in a research report on Thursday, May 1st. Wells Fargo & Company decreased their price objective on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. StockNews.com lowered shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Finally, Barrington Research restated an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.97.
Get Our Latest Report on OUTFRONT Media
About OUTFRONT Media
(
Free Report)
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.
Further Reading
Before you consider OUTFRONT Media, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OUTFRONT Media wasn't on the list.
While OUTFRONT Media currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
