Hsbc Holdings PLC Sells 30,670 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Hsbc Holdings PLC decreased its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 40.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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.

Several other large investors also recently bought and sold shares of OUT. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of OUTFRONT Media by 1.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider's stock valued at $532,000 after buying an additional 558 shares during the last quarter. GAMMA Investing LLC grew its holdings in OUTFRONT Media by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 613 shares during the period. Moody National Bank Trust Division increased its holdings in shares of OUTFRONT Media by 4.0% during the 4th quarter. Moody National Bank Trust Division now owns 18,028 shares of the financial services provider's stock worth $320,000 after buying an additional 698 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of OUTFRONT Media by 2.8% in the 4th quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider's stock worth $467,000 after buying an additional 706 shares during the period. Finally, Summit Investment Advisors Inc. grew its position in OUTFRONT Media by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,484 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 812 shares during the period.

OUTFRONT Media Stock Performance

Shares of NYSE:OUT traded up $0.04 on Wednesday, hitting $15.60. 2,033,736 shares of the company were exchanged, compared to its average volume of 1,678,949. 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's 50 day moving average price is $15.71 and its two-hundred day moving average price is $17.68. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.98. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 1.06 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. The company had revenue of $493.20 million for the quarter, compared to analyst estimates of $490.42 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. Research analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 7.69%. OUTFRONT Media's dividend payout ratio is 81.63%.

Analyst Ratings Changes

OUT has been the topic of a number of research reports. Barrington Research restated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Morgan Stanley lowered 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 report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, OUTFRONT Media has an average rating of "Hold" and an average target price of $19.08.

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.