Symons Capital Management Inc. decreased its holdings in shares of Outfront Media Inc (NYSE:OUT) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,590 shares of the financial services provider’s stock after selling 26,270 shares during the period. Outfront Media comprises approximately 3.0% of Symons Capital Management Inc.’s holdings, making the stock its 13th largest position. Symons Capital Management Inc. owned about 0.17% of Outfront Media worth $6,573,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Outfront Media by 0.7% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 104,275 shares of the financial services provider’s stock valued at $2,897,000 after buying an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Outfront Media by 11.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,660 shares of the financial services provider’s stock valued at $241,000 after buying an additional 899 shares in the last quarter. Huntington National Bank lifted its stake in shares of Outfront Media by 1,098.2% during the 2nd quarter. Huntington National Bank now owns 1,342 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,230 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Outfront Media by 7.2% during the 2nd quarter. Bank of Montreal Can now owns 21,897 shares of the financial services provider’s stock valued at $564,000 after buying an additional 1,468 shares in the last quarter. Finally, Anchor Capital Advisors LLC lifted its stake in shares of Outfront Media by 1.4% during the 2nd quarter. Anchor Capital Advisors LLC now owns 114,646 shares of the financial services provider’s stock valued at $2,957,000 after buying an additional 1,568 shares in the last quarter. 95.05% of the stock is owned by hedge funds and other institutional investors.
OUT has been the topic of a number of analyst reports. ValuEngine cut shares of Outfront Media from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Zacks Investment Research cut shares of Outfront Media from a “buy” rating to a “sell” rating and set a $29.00 target price on the stock. in a research note on Wednesday, October 23rd. Barrington Research reiterated a “buy” rating and issued a $29.00 price target on shares of Outfront Media in a research note on Tuesday, November 5th. Finally, Imperial Capital boosted their price target on shares of Outfront Media from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Outfront Media currently has an average rating of “Hold” and a consensus price target of $27.48.
OUT stock traded down $0.13 during mid-day trading on Friday, hitting $25.02. The company had a trading volume of 607,739 shares, compared to its average volume of 1,018,383. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.35 and a beta of 1.06. Outfront Media Inc has a 12-month low of $16.81 and a 12-month high of $28.42. The company has a quick ratio of 0.88, a current ratio of 0.71 and a debt-to-equity ratio of 3.06. The company has a 50-day moving average price of $27.13 and a 200 day moving average price of $26.35.
Outfront Media (NYSE:OUT) last announced its quarterly earnings results on Monday, November 4th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.35). The company had revenue of $462.50 million during the quarter, compared to analysts’ expectations of $461.97 million. Outfront Media had a return on equity of 13.54% and a net margin of 8.72%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. As a group, analysts expect that Outfront Media Inc will post 2.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Thursday, December 5th. Outfront Media’s payout ratio is currently 66.98%.
About Outfront Media
OUTFRONT leverages the power of technology, location and creativity to connect 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 is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.
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