Jump Financial LLC Sells 38,189 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Jump Financial LLC lessened its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 77.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,029 shares of the financial services provider's stock after selling 38,189 shares during the quarter. Jump Financial LLC's holdings in OUTFRONT Media were worth $196,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of OUTFRONT Media by 403.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider's stock valued at $49,400,000 after buying an additional 2,153,423 shares during the last quarter. Franklin Resources Inc. boosted its position in OUTFRONT Media by 653.3% during the third quarter. Franklin Resources Inc. now owns 229,872 shares of the financial services provider's stock worth $4,260,000 after purchasing an additional 199,356 shares during the period. Wells Fargo & Company MN increased its holdings in shares of OUTFRONT Media by 40.1% in the fourth quarter. Wells Fargo & Company MN now owns 94,898 shares of the financial services provider's stock valued at $1,684,000 after purchasing an additional 27,166 shares during the last quarter. Bank of Montreal Can grew its position in shares of OUTFRONT Media by 125.8% in the fourth quarter. Bank of Montreal Can now owns 41,563 shares of the financial services provider's stock valued at $737,000 after purchasing an additional 23,159 shares during the last quarter. Finally, Barclays PLC grew its position in shares of OUTFRONT Media by 43.0% during the 3rd 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.

Analyst Ratings Changes

Separately, Barrington Research restated an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, OUTFRONT Media presently has an average rating of "Hold" and an average target price of $19.37.

OUTFRONT Media Price Performance

Shares of NYSE OUT traded down $0.27 during midday trading on Wednesday, reaching $15.10. 1,609,861 shares of the company were exchanged, compared to its average volume of 1,702,870. The stock's 50-day moving average price is $15.99 and its 200-day moving average price is $17.81. The stock has a market cap of $2.52 billion, a P/E ratio of 10.76, a PEG ratio of 1.06 and a beta of 1.79. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.98.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $493.20 million during the quarter, compared to analysts' expectations of $490.42 million. On average, sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date was Friday, March 7th. OUTFRONT Media's payout ratio is 81.63%.

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.