Thrivent Financial for Lutherans Sells 13,000 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Thrivent Financial for Lutherans cut its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 10.7% during the 3rd quarter, Holdings Channel reports. The fund owned 108,185 shares of the financial services provider’s stock after selling 13,000 shares during the period. Thrivent Financial for Lutherans’ holdings in OUTFRONT Media were worth $1,988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP raised its holdings in OUTFRONT Media by 258.8% during the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,325 shares during the last quarter. National Bank of Canada FI acquired a new position in OUTFRONT Media during the second quarter worth $28,000. Harbor Capital Advisors Inc. acquired a new position in OUTFRONT Media during the third quarter worth $32,000. Quest Partners LLC raised its holdings in OUTFRONT Media by 30.0% during the second 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 last quarter. Finally, CWM LLC raised its holdings in OUTFRONT Media by 18.5% during the third quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock worth $141,000 after buying an additional 1,199 shares during the last quarter.

OUTFRONT Media Trading Down 0.4 %

Shares of OUT opened at $19.20 on Friday. The firm’s 50 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. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media Inc. has a 1-year low of $11.98 and a 1-year high of $19.50.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 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 return on equity of 40.33% and a net margin of 13.30%. The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $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 company also recently declared a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s dividend payout ratio is currently 87.59%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price for the company. Barrington Research reiterated an “outperform” rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, November 13th. Wolfe Research downgraded shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Finally, StockNews.com downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.25.

OUTFRONT Media Company 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.