Campbell & CO Investment Adviser LLC bought a new position in Outfront Media Inc (NYSE:OUT) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 11,431 shares of the financial services provider’s stock, valued at approximately $318,000.
Other large investors have also modified their holdings of the company. Joseph P. Lucia & Associates LLC bought a new stake in Outfront Media in the 3rd quarter worth $189,000. Pacer Advisors Inc. grew its holdings in Outfront Media by 145.1% in the 3rd quarter. Pacer Advisors Inc. now owns 195,126 shares of the financial services provider’s stock worth $5,421,000 after acquiring an additional 115,500 shares during the last quarter. Parallax Volatility Advisers L.P. bought a new stake in Outfront Media in the 2nd quarter worth $1,140,000. Macquarie Group Ltd. grew its holdings in Outfront Media by 2.8% in the 2nd quarter. Macquarie Group Ltd. now owns 3,744,111 shares of the financial services provider’s stock worth $96,561,000 after acquiring an additional 102,933 shares during the last quarter. Finally, River & Mercantile Asset Management LLP bought a new stake in Outfront Media in the 2nd quarter worth $6,291,000. Institutional investors own 94.85% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Imperial Capital raised their price target on shares of Outfront Media from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Zacks Investment Research raised shares of Outfront Media from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Saturday, August 10th. Finally, ValuEngine lowered shares of Outfront Media from a “hold” rating to a “sell” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Outfront Media presently has an average rating of “Buy” and a consensus target price of $27.85.
Shares of OUT opened at $27.15 on Friday. The firm’s 50-day moving average price is $27.46 and its 200-day moving average price is $26.09. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.41 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 3.06. Outfront Media Inc has a 1-year low of $16.81 and a 1-year high of $28.42.
Outfront Media (NYSE:OUT) last announced its earnings results on Monday, August 5th. The financial services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.25). The company had revenue of $459.90 million for the quarter, compared to the consensus estimate of $451.73 million. Outfront Media had a net margin of 9.45% and a return on equity of 14.27%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) EPS. On average, research analysts forecast that Outfront Media Inc will post 2.19 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date was Thursday, September 5th. Outfront Media’s payout ratio is 66.98%.
Outfront Media 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 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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