Victory Capital Management Inc. Has $471,000 Stock Position in OUTFRONT Media Inc. (NYSE:OUT)

Victory Capital Management Inc. reduced its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 25,634 shares of the financial services provider’s stock after selling 2,296 shares during the quarter. Victory Capital Management Inc.’s holdings in OUTFRONT Media were worth $471,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its position in shares of OUTFRONT Media by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 88,246 shares of the financial services provider’s stock worth $1,482,000 after buying an additional 5,357 shares during the period. Cetera Advisors LLC bought a new position in OUTFRONT Media during the first quarter worth $218,000. Contravisory Investment Management Inc. bought a new position in OUTFRONT Media during the second quarter worth $210,000. SG Americas Securities LLC boosted its stake 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 acquiring an additional 35,409 shares in the last quarter. Finally, M&G Plc bought a new position in OUTFRONT Media during the second quarter worth $152,000.

Analyst Upgrades and Downgrades

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

OUTFRONT Media Price Performance

OUTFRONT Media stock opened at $19.21 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The firm’s fifty day moving average price is $18.48 and its two-hundred day moving average price is $16.39. OUTFRONT Media Inc. has a 1-year low of $11.98 and a 1-year high of $19.50. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.94.

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

OUTFRONT Media Cuts Dividend

The business also recently disclosed 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 (DPR) is presently 87.59%.

About OUTFRONT Media

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.