OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by Perry Creek Capital LP

Perry Creek Capital LP lessened its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,034,032 shares of the financial services provider's stock after selling 1,201,428 shares during the period. OUTFRONT Media accounts for about 18.7% of Perry Creek Capital LP's portfolio, making the stock its 3rd biggest position. Perry Creek Capital LP owned about 1.25% of OUTFRONT Media worth $36,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OUT. FMR LLC boosted its stake in OUTFRONT Media by 132.5% in the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock valued at $276,819,000 after buying an additional 8,892,411 shares in the last quarter. Cohen & Steers Inc. grew its holdings in shares of OUTFRONT Media by 87.8% during the 4th quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider's stock valued at $93,015,000 after purchasing an additional 2,450,632 shares during the last quarter. Wellington Management Group LLP increased its position in OUTFRONT Media by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 4,115,268 shares of the financial services provider's stock worth $73,005,000 after purchasing an additional 342,413 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its stake in OUTFRONT Media by 2.1% in 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 purchasing an additional 64,072 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in OUTFRONT Media by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,054,331 shares of the financial services provider's stock valued at $54,184,000 after buying an additional 15,455 shares in the last quarter.

OUTFRONT Media Trading Up 0.8 %

NYSE:OUT traded up $0.11 during trading hours on Monday, hitting $15.17. 423,883 shares of the company were exchanged, compared to its average volume of 1,702,493. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.98. The company has a fifty day simple moving average of $16.12 and a 200 day simple moving average of $17.85. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, topping analysts' consensus estimates 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%. Sell-side analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.91%. The ex-dividend date of this dividend was Friday, March 7th. OUTFRONT Media's dividend payout ratio (DPR) is 81.63%.

Analysts Set New Price Targets

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

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.