OUTFRONT Media Inc. (NYSE:OUT) Stake Boosted by Systematic Financial Management LP

Systematic Financial Management LP boosted its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 101.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,250 shares of the financial services provider’s stock after purchasing an additional 64,475 shares during the quarter. Systematic Financial Management LP owned approximately 0.08% of OUTFRONT Media worth $2,357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OUT. Quarry LP grew its position in shares of OUTFRONT Media by 258.8% during the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,325 shares during the last quarter. National Bank of Canada FI bought a new position in shares of OUTFRONT Media during the second quarter valued at approximately $28,000. Harbor Capital Advisors Inc. acquired a new stake in shares of OUTFRONT Media during the 3rd quarter worth approximately $32,000. Quest Partners LLC lifted its holdings 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 purchasing an additional 994 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in OUTFRONT Media during the 3rd quarter valued at approximately $108,000.

OUTFRONT Media Stock Down 0.9 %

Shares of OUTFRONT Media stock opened at $18.91 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media Inc. has a 12-month low of $12.13 and a 12-month high of $19.50. The firm has a market capitalization of $3.14 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.22 and a beta of 1.96. The stock’s fifty day moving average is $18.53 and its 200-day moving average is $16.50.

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

OUTFRONT Media Cuts Dividend

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

Analyst Ratings Changes

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

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