Waterloo Capital L.P. Reduces Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Waterloo Capital L.P. trimmed its stake in OUTFRONT Media Inc. (NYSE:OUT) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,295 shares of the financial services provider’s stock after selling 9,282 shares during the period. Waterloo Capital L.P.’s holdings in OUTFRONT Media were worth $648,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI acquired a new stake in OUTFRONT Media during the 2nd quarter worth $28,000. Riverview Trust Co acquired a new stake in OUTFRONT Media during the 1st quarter worth $33,000. Quest Partners LLC boosted its stake 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 purchasing an additional 994 shares during the period. GAMMA Investing LLC boosted its stake in OUTFRONT Media by 105.2% during the 1st quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,973 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in OUTFRONT Media during the 4th quarter worth $143,000.

OUTFRONT Media Stock Down 0.5 %

OUT stock opened at $17.65 on Thursday. OUTFRONT Media Inc. has a one year low of $8.18 and a one year high of $18.15. The stock has a market capitalization of $2.93 billion, a PE ratio of -6.63, a price-to-earnings-growth ratio of 1.10 and a beta of 1.94. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.67 and a current ratio of 0.67. The company has a fifty day moving average of $16.03 and a 200-day moving average of $15.42.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.41 by $0.60. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The company had revenue of $477.30 million during the quarter, compared to analysts’ expectations of $482.27 million. During the same quarter last year, the business earned $0.47 EPS. The business’s revenue was up 1.8% on a year-over-year basis. As a group, analysts expect that OUTFRONT Media Inc. will post 1.53 EPS for the current year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.80%. The ex-dividend date is Friday, September 6th. OUTFRONT Media’s dividend payout ratio (DPR) is -45.11%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. StockNews.com upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. TD Cowen began coverage on shares of OUTFRONT Media in a research note on Tuesday, July 16th. They set a “hold” rating and a $16.00 price target for the company. Finally, Barrington Research raised their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, OUTFRONT Media currently has an average rating of “Hold” and an average price target of $16.00.

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.