OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its position in OUTFRONT Media Inc. (NYSE:OUT) by 77.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,029 shares of the financial services provider’s stock after selling 38,189 shares during the period. Jump Financial LLC’s holdings in OUTFRONT Media were worth $196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P purchased a new stake in OUTFRONT Media in the 4th quarter worth $47,000. Sterling Capital Management LLC increased its holdings in OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,522 shares in the last quarter. GAMMA Investing LLC increased its holdings in OUTFRONT Media by 19.3% in the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 613 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in OUTFRONT Media by 155.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 2,555 shares in the last quarter. Finally, KBC Group NV increased its holdings in OUTFRONT Media by 47.9% in the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 2,006 shares in the last quarter.

OUTFRONT Media Price Performance

OUTFRONT Media stock opened at $15.37 on Tuesday. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $19.98. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.06 and a beta of 1.79. The company has a fifty day simple moving average of $16.05 and a 200-day simple moving average of $17.83. 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 (NYSE:OUT) last released its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The business had revenue of $493.20 million during the quarter, compared to analyst estimates of $490.42 million. On average, equities analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date was Friday, March 7th. OUTFRONT Media’s dividend payout ratio is currently 81.63%.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, OUTFRONT Media has a consensus rating of “Hold” and a consensus target price of $19.37.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.