OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by Perry Creek Capital LP

Perry Creek Capital LP lessened its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 37.1% in the 4th quarter, Holdings Channel reports. The fund owned 2,034,032 shares of the financial services provider’s stock after selling 1,201,428 shares during the quarter. OUTFRONT Media accounts for 18.7% of Perry Creek Capital LP’s holdings, making the stock its 3rd largest holding. Perry Creek Capital LP’s holdings in OUTFRONT Media were worth $36,084,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 2,153,423 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of OUTFRONT Media during the 3rd quarter worth $318,000. Franklin Resources Inc. increased its position in shares of OUTFRONT Media by 653.3% during the 3rd quarter. Franklin Resources Inc. now owns 229,872 shares of the financial services provider’s stock worth $4,260,000 after purchasing an additional 199,356 shares during the last quarter. GAMMA Investing LLC lifted its position 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 buying an additional 613 shares during the last quarter. Finally, Barclays PLC boosted its stake in OUTFRONT Media by 43.0% during the third quarter. Barclays PLC now owns 501,439 shares of the financial services provider’s stock worth $9,218,000 after buying an additional 150,669 shares during the period.

OUTFRONT Media Price Performance

Shares of OUT opened at $14.63 on Wednesday. The firm has a 50-day simple moving average of $16.38 and a two-hundred day simple moving average of $17.94. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The stock has a market cap of $2.44 billion, a PE ratio of 10.43, a P/E/G ratio of 1.06 and a beta of 1.79.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, topping 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 firm had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $490.42 million. As a group, analysts forecast 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. 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 yield of 8.20%. The ex-dividend date was Friday, March 7th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 81.63%.

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.