Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in OUTFRONT Media Inc. (NYSE:OUT)

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 112.1% in the 3rd quarter, Holdings Channel reports. The fund owned 140,000 shares of the financial services provider’s stock after acquiring an additional 74,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in OUTFRONT Media were worth $2,573,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Quarry LP grew its position in shares of OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,325 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of OUTFRONT Media in the 2nd quarter worth $28,000. Harbor Capital Advisors Inc. purchased a new position in shares of OUTFRONT Media during the 3rd quarter worth $32,000. Quest Partners LLC raised its holdings in shares of OUTFRONT Media by 30.0% during the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 994 shares during the period. Finally, CWM LLC boosted its position in shares of OUTFRONT Media by 18.5% during the 3rd quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 1,199 shares during the last quarter.

OUTFRONT Media Stock Up 0.1 %

OUTFRONT Media stock opened at $19.21 on Friday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50 day moving average price of $18.48 and a 200 day moving average price of $16.40. OUTFRONT Media Inc. has a fifty-two week low of $11.98 and a fifty-two week high of $19.50. The company has a market capitalization of $3.19 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.20). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $451.90 million during the quarter, compared to analyst estimates of $456.38 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. Research analysts expect that OUTFRONT Media Inc. will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 87.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OUT shares. Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Wells Fargo & Company started coverage on OUTFRONT Media in a research report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective for the company. Barrington Research reaffirmed an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Finally, StockNews.com cut OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.25.

OUTFRONT Media Company Profile

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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.