OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by Axa S.A.

Axa S.A. cut its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,754 shares of the financial services provider's stock after selling 45,369 shares during the quarter. Axa S.A. owned approximately 0.10% of OUTFRONT Media worth $2,867,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OUT. Franklin Resources Inc. boosted its holdings in shares of OUTFRONT Media by 653.3% in the third quarter. Franklin Resources Inc. now owns 229,872 shares of the financial services provider's stock valued at $4,260,000 after acquiring an additional 199,356 shares during the period. Wells Fargo & Company MN raised its position in OUTFRONT Media by 40.1% in the 4th 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 boosted its stake in OUTFRONT Media by 125.8% during the 4th quarter. Bank of Montreal Can now owns 41,563 shares of the financial services provider's stock worth $737,000 after purchasing an additional 23,159 shares during the period. Barclays PLC grew its position in 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 during the last quarter. Finally, GAMMA Investing LLC increased its stake 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.

OUTFRONT Media Price Performance

Shares of NYSE:OUT opened at $15.60 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a 50-day moving average price of $15.65 and a 200 day moving average price of $17.66. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $19.98. The company has a market cap of $2.61 billion, a P/E ratio of 11.12, a PEG ratio of 1.06 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates 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%. Research analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.69%. The ex-dividend date was Friday, March 7th. OUTFRONT Media's dividend payout ratio (DPR) is 81.63%.

Analyst Ratings Changes

A number of research firms recently issued reports on OUT. Morgan Stanley lowered their price target on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Barrington Research reissued an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a report 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.

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