Martingale Asset Management L P Purchases Shares of 20,057 OUTFRONT Media Inc. (NYSE:OUT)

Martingale Asset Management L P acquired a new position in shares of OUTFRONT Media Inc. (NYSE:OUT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,057 shares of the financial services provider’s stock, valued at approximately $369,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quarry LP increased its holdings in shares of OUTFRONT Media by 258.8% during 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 during the period. National Bank of Canada FI acquired a new position in OUTFRONT Media during the 2nd quarter valued at about $28,000. Harbor Capital Advisors Inc. bought a new stake in shares of OUTFRONT Media during the 3rd quarter worth about $32,000. Quest Partners LLC lifted its stake in shares of OUTFRONT Media by 30.0% in 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 increased its stake in shares of OUTFRONT Media by 18.5% during the third 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 period.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Wells Fargo & Company started coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price target on the stock. Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Finally, StockNews.com downgraded shares of 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $19.25.

OUTFRONT Media Trading Down 1.3 %

Shares of OUT opened at $19.00 on Wednesday. The business’s 50-day moving average price is $18.50 and its 200 day moving average price is $16.46. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The stock has a market capitalization of $3.15 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.23 and a beta of 1.96. OUTFRONT Media Inc. has a 1-year low of $12.13 and a 1-year high of $19.50.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $456.38 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s revenue was down .6% compared to the same quarter last year. 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 announced a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 87.59%.

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.