Harvest Investment Services LLC Purchases Shares of 13,813 OUTFRONT Media Inc. (NYSE:OUT)

Harvest Investment Services LLC acquired a new stake in OUTFRONT Media Inc. (NYSE:OUT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,813 shares of the financial services provider’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Loomis Sayles & Co. L P purchased a new position in OUTFRONT Media in the fourth quarter worth approximately $47,000. Sterling Capital Management LLC lifted its position in shares of OUTFRONT Media by 672.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 2,522 shares during the last quarter. GAMMA Investing LLC raised 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 buying an additional 613 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in OUTFRONT Media by 155.5% during the 4th 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. Finally, KBC Group NV boosted its position in shares of OUTFRONT Media by 47.9% during the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 2,006 shares in the last quarter.

OUTFRONT Media Price Performance

Shares of NYSE OUT opened at $14.63 on Wednesday. The stock’s 50-day simple moving average is $16.38 and its 200-day simple moving average is $17.94. The firm has a market capitalization of $2.44 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.98. 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 (NYSE:OUT) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The company had revenue of $493.20 million for the quarter, compared to analysts’ expectations of $490.42 million. As a group, equities research analysts forecast 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 paid a $0.30 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.20 annualized dividend and a yield of 8.20%. OUTFRONT Media’s dividend payout ratio is presently 81.63%.

About OUTFRONT Media

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.