Nebula Research & Development LLC Cuts Stake in OUTFRONT Media Inc. (NYSE:OUT)

Nebula Research & Development LLC lessened its stake in OUTFRONT Media Inc. (NYSE:OUT) by 82.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC raised its holdings 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 worth $276,819,000 after buying an additional 8,892,411 shares during the last quarter. Cohen & Steers Inc. lifted its position in OUTFRONT Media by 87.8% in 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 acquiring an additional 2,450,632 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in OUTFRONT Media by 403.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider’s stock valued at $49,400,000 after purchasing an additional 2,153,423 shares during the last quarter. LSV Asset Management increased its holdings in shares of OUTFRONT Media by 6,623.5% in the 4th quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider’s stock worth $28,302,000 after purchasing an additional 1,571,634 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of OUTFRONT Media by 79.5% in 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 purchasing an additional 886,605 shares during the last quarter.

OUTFRONT Media Stock Up 2.3 %

Shares of OUT stock opened at $15.48 on Friday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.06 and a beta of 1.79. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The company’s fifty day moving average price is $15.87 and its 200-day moving average price is $17.77. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.98.

OUTFRONT Media (NYSE:OUT) last issued its earnings results 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 company had revenue of $493.20 million for the quarter, compared to the consensus estimate of $490.42 million. 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. Shareholders of record on Friday, March 7th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.75%. The ex-dividend date of this dividend was Friday, March 7th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 81.63%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OUT shares. Morgan Stanley dropped their price target on shares of OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday. Barrington Research reiterated an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average 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.