Stifel Financial Corp Boosts Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Stifel Financial Corp lifted its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,212 shares of the financial services provider’s stock after purchasing an additional 5,412 shares during the quarter. Stifel Financial Corp owned about 0.06% of OUTFRONT Media worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Quarry LP grew its holdings in shares of OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,325 shares in the last quarter. National Bank of Canada FI purchased a new position in OUTFRONT Media in the second quarter valued at $28,000. Harbor Capital Advisors Inc. acquired a new position in OUTFRONT Media during the 3rd quarter worth $32,000. Quest Partners LLC boosted its stake in shares of OUTFRONT Media by 30.0% in the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock valued at $62,000 after buying an additional 994 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of OUTFRONT Media during the third quarter worth about $108,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OUT. Barrington Research reiterated an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Wells Fargo & Company started coverage on OUTFRONT Media in a research report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price target on the stock. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, Morgan Stanley boosted their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.00.

OUTFRONT Media Stock Performance

NYSE:OUT opened at $18.18 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $19.50. The firm’s fifty day simple moving average is $18.61 and its 200-day simple moving average is $16.81. The stock has a market cap of $3.02 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.96.

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

OUTFRONT Media Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be paid a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s dividend payout ratio 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.