OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by Perry Creek Capital LP

Perry Creek Capital LP lessened its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 2.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,680,221 shares of the financial services provider’s stock after selling 100,000 shares during the period. OUTFRONT Media comprises about 24.9% of Perry Creek Capital LP’s portfolio, making the stock its 2nd largest holding. Perry Creek Capital LP owned 2.22% of OUTFRONT Media worth $52,627,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in OUTFRONT Media by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,067,826 shares of the financial services provider’s stock valued at $28,869,000 after buying an additional 44,534 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in OUTFRONT Media in the 4th quarter worth about $180,000. Norges Bank purchased a new stake in shares of OUTFRONT Media during the 4th quarter worth about $13,779,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of OUTFRONT Media during the 4th quarter valued at about $143,000. Finally, Hsbc Holdings PLC bought a new stake in shares of OUTFRONT Media in the 4th quarter valued at approximately $2,370,000.

Analyst Ratings Changes

OUT has been the topic of several analyst reports. StockNews.com upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Barrington Research upped their price target on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. TD Cowen started coverage on OUTFRONT Media in a research note on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price objective on the stock. Wells Fargo & Company began coverage on OUTFRONT Media in a research report on Thursday. They set an “overweight” rating and a $22.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

OUTFRONT Media Stock Up 1.0 %

OUT opened at $18.25 on Monday. OUTFRONT Media Inc. has a 1-year low of $8.18 and a 1-year high of $18.65. The business has a 50 day moving average of $16.14 and a 200-day moving average of $15.46. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -6.86, a P/E/G ratio of 1.10 and a beta of 1.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71.

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

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.20 annualized dividend and a dividend yield of 6.58%. OUTFRONT Media’s dividend payout ratio (DPR) is currently -45.11%.

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.