Intech Investment Management LLC Takes Position in OUTFRONT Media Inc. (NYSE:OUT)

Intech Investment Management LLC bought a new stake in shares of OUTFRONT Media Inc. (NYSE:OUT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 45,409 shares of the financial services provider’s stock, valued at approximately $835,000.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of OUTFRONT Media during the 3rd quarter valued at $32,000. Quarry LP boosted its position in shares of OUTFRONT Media by 258.8% in the 2nd 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 purchased a new position in OUTFRONT Media in the 2nd quarter worth about $28,000. Quest Partners LLC raised its holdings in 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 buying an additional 994 shares during the period. Finally, CWM LLC lifted its stake in 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 buying an additional 1,199 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OUT. Wells Fargo & Company assumed coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price target on the stock. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Barrington Research reissued an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Finally, StockNews.com cut 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.25.

OUTFRONT Media Stock Down 0.4 %

OUTFRONT Media stock opened at $19.20 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media Inc. has a 1-year low of $11.98 and a 1-year high of $19.50. The firm’s fifty day simple moving average is $18.43 and its 200-day simple moving average is $16.34. The company has a market capitalization of $3.19 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.24 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last posted its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.20). The company had revenue of $451.90 million for the quarter, compared to the consensus estimate of $456.38 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. OUTFRONT Media’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. Sell-side analysts forecast that OUTFRONT Media Inc. will post 1.56 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be issued a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is currently 87.59%.

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