Penserra Capital Management LLC Increases Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Penserra Capital Management LLC increased its position in OUTFRONT Media Inc. (NYSE:OUT) by 22.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,451 shares of the financial services provider’s stock after acquiring an additional 12,710 shares during the quarter. Penserra Capital Management LLC’s holdings in OUTFRONT Media were worth $1,258,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lasalle Investment Management Securities LLC boosted its holdings in OUTFRONT Media by 17.3% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock valued at $47,733,000 after purchasing an additional 419,706 shares during the period. First Eagle Investment Management LLC boosted its stake in OUTFRONT Media by 48.5% during the second quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider’s stock valued at $10,174,000 after buying an additional 232,300 shares during the period. Asset Management One Co. Ltd. boosted its stake in 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 buying an additional 196,398 shares during the period. SG Americas Securities LLC grew its position in OUTFRONT Media by 266.2% during the second quarter. SG Americas Securities LLC now owns 48,711 shares of the financial services provider’s stock worth $697,000 after buying an additional 35,409 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in OUTFRONT Media by 30.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 650,000 shares of the financial services provider’s stock worth $9,295,000 after acquiring an additional 150,000 shares during the last quarter.

OUTFRONT Media Price Performance

Shares of OUTFRONT Media stock opened at $19.27 on Wednesday. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.23 and a beta of 1.94. The company has a fifty day moving average of $18.37 and a 200-day moving average of $16.29. OUTFRONT Media Inc. has a 52-week low of $11.98 and a 52-week high of $19.50. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65.

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

OUTFRONT Media Cuts Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, December 31st. Investors 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%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OUT shares. Wells Fargo & Company assumed coverage on OUTFRONT Media in a report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price objective for the company. Barrington Research reissued an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note 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. JPMorgan Chase & Co. upped their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.25.

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.