Opus Capital Group LLC acquired a new stake in Outfront Media Inc (NYSE:OUT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,204 shares of the financial services provider’s stock, valued at approximately $200,000.
A number of other institutional investors and hedge funds have also made changes to their positions in OUT. Nuveen Asset Management LLC purchased a new stake in Outfront Media in the 2nd quarter valued at approximately $54,299,000. LSV Asset Management lifted its position in shares of Outfront Media by 52.1% during the 2nd quarter. LSV Asset Management now owns 2,805,889 shares of the financial services provider’s stock valued at $72,363,000 after acquiring an additional 961,351 shares during the period. Invesco Ltd. lifted its position in shares of Outfront Media by 212.5% during the 2nd quarter. Invesco Ltd. now owns 1,400,560 shares of the financial services provider’s stock valued at $36,121,000 after acquiring an additional 952,323 shares during the period. Morgan Stanley lifted its position in shares of Outfront Media by 101.0% during the 2nd quarter. Morgan Stanley now owns 1,616,043 shares of the financial services provider’s stock valued at $41,678,000 after acquiring an additional 812,151 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Outfront Media by 701.0% during the 3rd quarter. First Trust Advisors LP now owns 818,356 shares of the financial services provider’s stock valued at $22,734,000 after acquiring an additional 716,192 shares during the period. 95.05% of the stock is currently owned by institutional investors.
Shares of Outfront Media stock traded down $0.13 during trading on Friday, hitting $25.02. 607,739 shares of the company were exchanged, compared to its average volume of 1,018,383. The company has a quick ratio of 0.88, a current ratio of 0.71 and a debt-to-equity ratio of 3.06. Outfront Media Inc has a fifty-two week low of $16.81 and a fifty-two week high of $28.42. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.35 and a beta of 1.06. The firm has a 50 day moving average price of $27.13 and a 200 day moving average price of $26.35.
Outfront Media (NYSE:OUT) last issued its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.35). Outfront Media had a return on equity of 13.54% and a net margin of 8.72%. The company had revenue of $462.50 million for the quarter, compared to analyst estimates of $461.97 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts predict that Outfront Media Inc will post 2.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.44 annualized dividend and a dividend yield of 5.76%. Outfront Media’s dividend payout ratio is currently 66.98%.
A number of equities research analysts have recently issued reports on OUT shares. Imperial Capital lifted their price target on shares of Outfront Media from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Barrington Research reiterated a “buy” rating and set a $29.00 price target on shares of Outfront Media in a research report on Tuesday. Zacks Investment Research downgraded shares of Outfront Media from a “buy” rating to a “sell” rating and set a $29.00 price target for the company. in a research report on Wednesday, October 23rd. Finally, ValuEngine downgraded shares of Outfront Media from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Outfront Media presently has a consensus rating of “Hold” and a consensus price target of $27.48.
Outfront Media Profile
OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.
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