OUTFRONT Media Inc. (NYSE:OUT) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 34.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 674,920 shares of the financial services provider's stock after acquiring an additional 173,481 shares during the period. Barclays PLC owned 0.42% of OUTFRONT Media worth $11,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of OUT. FMR LLC lifted its stake in shares of OUTFRONT Media by 132.5% in the 4th quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock valued at $276,819,000 after purchasing an additional 8,892,411 shares during the last quarter. JPMorgan Chase & Co. lifted its position in OUTFRONT Media by 403.1% in the third 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. LSV Asset Management lifted its position in OUTFRONT Media by 6,623.5% in the fourth quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider's stock valued at $28,302,000 after buying an additional 1,571,634 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in OUTFRONT Media by 79.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,001,402 shares of the financial services provider's stock worth $35,505,000 after buying an additional 886,605 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of OUTFRONT Media by 145.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,472,416 shares of the financial services provider's stock valued at $26,121,000 after acquiring an additional 873,484 shares during the last quarter.

OUTFRONT Media Stock Up 0.2 %

OUTFRONT Media stock traded up $0.03 during mid-day trading on Friday, reaching $15.02. 1,149,191 shares of the company's stock were exchanged, compared to its average volume of 1,707,509. 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 twelve month low of $12.95 and a twelve month high of $19.98. The company has a market cap of $2.51 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.06 and a beta of 1.79. The company has a fifty day moving average of $16.12 and a 200-day moving average of $17.86.

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 (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $490.42 million. Sell-side analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid 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 7.99%. OUTFRONT Media's dividend payout ratio is currently 81.63%.

Wall Street Analyst Weigh In

Separately, Barrington Research reaffirmed an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, OUTFRONT Media currently has a consensus rating of "Hold" and a consensus price target of $19.37.

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.