Amalgamated Bank Sells 3,855 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Amalgamated Bank trimmed its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 8.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,806 shares of the financial services provider’s stock after selling 3,855 shares during the period. Amalgamated Bank’s holdings in OUTFRONT Media were worth $750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its stake in shares of OUTFRONT Media by 39,437.3% during the third quarter. Asset Management One Co. Ltd. now owns 196,896 shares of the financial services provider’s stock valued at $3,619,000 after acquiring an additional 196,398 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of OUTFRONT Media during the third quarter valued at about $32,000. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of OUTFRONT Media by 0.6% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 206,715 shares of the financial services provider’s stock valued at $3,799,000 after buying an additional 1,235 shares during the period. New York State Teachers Retirement System increased its position in shares of OUTFRONT Media by 3.2% during the third quarter. New York State Teachers Retirement System now owns 103,849 shares of the financial services provider’s stock valued at $1,909,000 after buying an additional 3,175 shares during the period. Finally, Diversify Advisory Services LLC purchased a new position in shares of OUTFRONT Media during the third quarter valued at about $288,000.

OUTFRONT Media Price Performance

Shares of OUT opened at $17.90 on Friday. The stock has a market cap of $2.97 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.22 and a beta of 1.94. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.67 and a current ratio of 0.65. OUTFRONT Media Inc. has a fifty-two week low of $11.98 and a fifty-two week high of $19.33. The firm’s 50-day simple moving average is $18.12 and its two-hundred day simple moving average is $16.13.

OUTFRONT Media (NYSE:OUT) last announced 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 return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $456.38 million. During the same quarter last year, the company posted $0.46 EPS. OUTFRONT Media’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts anticipate that OUTFRONT Media Inc. will post 1.53 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be issued 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 brokerages recently issued reports on OUT. 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 cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. boosted their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Barrington Research reiterated an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday. Finally, Wells Fargo & Company began coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective on the stock. Four equities 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.com, OUTFRONT Media currently has a consensus rating of “Hold” and a consensus 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.