Sapience Investments LLC raised its position in shares of Outfront Media Inc (NYSE:OUT) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 697,570 shares of the financial services provider’s stock after purchasing an additional 22,340 shares during the quarter. Outfront Media comprises 2.2% of Sapience Investments LLC’s portfolio, making the stock its 13th largest holding. Sapience Investments LLC owned about 0.50% of Outfront Media worth $16,184,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Outfront Media by 57.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 6,000 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 2,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Outfront Media by 45.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,430 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 2,324 shares in the last quarter. Cadence Capital Management LLC bought a new stake in shares of Outfront Media during the 3rd quarter worth $205,000. Ninepoint Partners LP bought a new stake in shares of Outfront Media during the 3rd quarter worth $254,000. Finally, Chicago Equity Partners LLC bought a new stake in shares of Outfront Media during the 4th quarter worth $235,000. 99.46% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on OUT. Wells Fargo & Co reduced their price objective on Outfront Media from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. ValuEngine lowered Outfront Media from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered Outfront Media from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.50.
Outfront Media (NYSE:OUT) last released its earnings results on Tuesday, February 27th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.31). The business had revenue of $401.30 million during the quarter, compared to analysts’ expectations of $404.74 million. Outfront Media had a net margin of 8.27% and a return on equity of 10.31%. sell-side analysts expect that Outfront Media Inc will post 2.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.48%. Outfront Media’s payout ratio is currently 160.00%.
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Outfront Media Profile
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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