Riverhead Capital Management LLC grew its holdings in shares of Outfront Media Inc (NYSE:OUT) by 32.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 158,930 shares of the financial services provider’s stock after purchasing an additional 38,580 shares during the period. Riverhead Capital Management LLC owned 0.11% of Outfront Media worth $3,171,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in Outfront Media by 58.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 815,002 shares of the financial services provider’s stock valued at $15,854,000 after buying an additional 302,143 shares in the last quarter. Mackay Shields LLC grew its stake in shares of Outfront Media by 72.7% in the second quarter. Mackay Shields LLC now owns 154,444 shares of the financial services provider’s stock worth $3,004,000 after acquiring an additional 65,027 shares during the last quarter. Carillon Tower Advisers Inc. grew its stake in shares of Outfront Media by 6.0% in the second quarter. Carillon Tower Advisers Inc. now owns 914,306 shares of the financial services provider’s stock worth $17,783,000 after acquiring an additional 51,375 shares during the last quarter. LSV Asset Management lifted its position in Outfront Media by 6.5% in the second quarter. LSV Asset Management now owns 436,638 shares of the financial services provider’s stock worth $8,492,000 after purchasing an additional 26,600 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Outfront Media by 0.4% in the second quarter. Janus Henderson Group PLC now owns 4,187,081 shares of the financial services provider’s stock worth $81,439,000 after purchasing an additional 18,477 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.
Shares of NYSE OUT opened at $20.76 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.92. Outfront Media Inc has a one year low of $17.27 and a one year high of $24.23. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.37 and a beta of 1.18.
Outfront Media (NYSE:OUT) last issued its quarterly earnings data on Monday, November 5th. The financial services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Outfront Media had a return on equity of 7.42% and a net margin of 5.54%. The firm had revenue of $414.20 million for the quarter, compared to analyst estimates of $404.37 million. During the same period in the prior year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts forecast that Outfront Media Inc will post 2.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 7th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend is Thursday, December 6th. Outfront Media’s dividend payout ratio is 72.00%.
OUT has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on Outfront Media from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Friday. Zacks Investment Research upgraded Outfront Media from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, November 14th. Wolfe Research assumed coverage on Outfront Media in a research report on Friday. They set an “outperform” rating and a $25.00 target price for the company. TheStreet upgraded Outfront Media from a “c+” rating to a “b-” rating in a research report on Monday, November 26th. Finally, ValuEngine upgraded Outfront Media from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Outfront Media currently has a consensus rating of “Hold” and an average price target of $23.83.
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Outfront Media Company Profile
OUTFRONT Media connects brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.
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