Nebula Research & Development LLC Decreases Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Nebula Research & Development LLC cut its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 82.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,584 shares of the financial services provider's stock after selling 49,870 shares during the quarter. Nebula Research & Development LLC's holdings in OUTFRONT Media were worth $188,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of OUTFRONT Media by 11.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 102,246 shares of the financial services provider's stock valued at $1,814,000 after buying an additional 10,555 shares in the last quarter. Harvest Investment Services LLC purchased a new position in OUTFRONT Media during the 4th quarter valued at about $245,000. Uniplan Investment Counsel Inc. acquired a new position in OUTFRONT Media during the fourth quarter worth about $3,951,000. Stifel Financial Corp lifted its holdings in shares of OUTFRONT Media by 5.5% in the fourth quarter. Stifel Financial Corp now owns 107,811 shares of the financial services provider's stock valued at $1,913,000 after purchasing an additional 5,599 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of OUTFRONT Media by 2.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 48,318 shares of the financial services provider's stock valued at $857,000 after purchasing an additional 954 shares during the last quarter.

OUTFRONT Media Trading Up 0.2 %

NYSE OUT traded up $0.04 during mid-day trading on Wednesday, reaching $15.60. 125,321 shares of the stock were exchanged, compared to its average volume of 1,670,225. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The business's fifty day simple moving average is $15.71 and its 200 day simple moving average is $17.68. 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 stock has a market capitalization of $2.61 billion, a PE ratio of 11.11, a PEG ratio of 1.06 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its earnings results 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 firm had revenue of $493.20 million for the quarter, compared to the consensus estimate of $490.42 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. On average, research analysts anticipate that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $0.30 dividend. 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 payout ratio is 81.63%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OUT. Morgan Stanley cut their price objective on 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. Barrington Research reissued an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $19.08.

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.