Systematic Financial Management LP Has $1.17 Million Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Systematic Financial Management LP decreased its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 48.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,074 shares of the financial services provider’s stock after selling 62,176 shares during the period. Systematic Financial Management LP’s holdings in OUTFRONT Media were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in OUT. Loomis Sayles & Co. L P acquired a new stake in shares of OUTFRONT Media during the 4th quarter worth approximately $47,000. Sterling Capital Management LLC grew its stake in shares of OUTFRONT Media by 672.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock worth $51,000 after buying an additional 2,522 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of OUTFRONT Media by 155.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock worth $73,000 after buying an additional 2,555 shares during the last quarter. KBC Group NV grew its stake in shares of OUTFRONT Media by 47.9% during the fourth quarter. KBC Group NV now owns 6,198 shares of the financial services provider’s stock worth $110,000 after buying an additional 2,006 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of OUTFRONT Media during the fourth quarter worth $113,000.

Analyst Ratings Changes

OUT has been the topic of a number of research reports. Wells Fargo & Company decreased their target price on shares of OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. Morgan Stanley decreased their target price on shares of OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Barrington Research reaffirmed an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Finally, StockNews.com cut shares of OUTFRONT Media from a “hold” rating to a “sell” rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.97.

OUTFRONT Media Price Performance

Shares of NYSE:OUT opened at $16.52 on Friday. The firm has a market cap of $2.76 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.06 and a beta of 1.84. The firm’s fifty day moving average is $15.42 and its 200-day moving average is $17.51. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $19.98.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $390.70 million for the quarter, compared to analyst estimates of $396.17 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. Sell-side analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.27%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 78.95%.

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.