Hsbc Holdings PLC Decreases Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Hsbc Holdings PLC reduced its stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 40.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,779 shares of the financial services provider's stock after selling 30,670 shares during the quarter. Hsbc Holdings PLC's holdings in OUTFRONT Media were worth $784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OUT. Uniplan Investment Counsel Inc. acquired a new stake in OUTFRONT Media during the fourth quarter worth about $3,951,000. Stifel Financial Corp grew its stake in shares of OUTFRONT Media by 5.5% in the 4th quarter. Stifel Financial Corp now owns 107,811 shares of the financial services provider's stock valued at $1,913,000 after buying an additional 5,599 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of OUTFRONT Media by 2.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 48,318 shares of the financial services provider's stock worth $857,000 after buying an additional 954 shares during the last quarter. Lasalle Investment Management Securities LLC raised its position in shares of OUTFRONT Media by 2.1% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,146,553 shares of the financial services provider's stock valued at $55,820,000 after buying an additional 64,072 shares during the period. Finally, MetLife Investment Management LLC raised its position in shares of OUTFRONT Media by 7.2% during the 4th quarter. MetLife Investment Management LLC now owns 96,048 shares of the financial services provider's stock valued at $1,704,000 after buying an additional 6,466 shares during the period.

OUTFRONT Media Stock Down 2.8 %

Shares of NYSE:OUT traded down $0.43 during trading on Friday, hitting $14.96. The company's stock had a trading volume of 1,748,087 shares, compared to its average volume of 1,675,549. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.98. The business has a 50 day moving average price of $15.53 and a two-hundred day moving average price of $17.59. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $2.50 billion, a PE ratio of 10.66, a P/E/G ratio of 1.06 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its 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 company 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, research analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

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 paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date is Friday, June 6th. OUTFRONT Media's dividend payout ratio is presently 81.63%.

Wall Street Analyst Weigh In

OUT has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on 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. Barrington Research reaffirmed an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company dropped their target price on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $17.97.

About OUTFRONT Media

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.