HighTower Advisors LLC Has $280,000 Holdings in OUTFRONT Media Inc. (NYSE:OUT)

HighTower Advisors LLC lessened its stake in OUTFRONT Media Inc. (NYSE:OUT) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,140 shares of the financial services provider’s stock after selling 1,785 shares during the period. HighTower Advisors LLC’s holdings in OUTFRONT Media were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of OUT. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of OUTFRONT Media during the third quarter worth approximately $569,000. Edgestream Partners L.P. grew its stake in OUTFRONT Media by 168.3% in the 3rd quarter. Edgestream Partners L.P. now owns 242,503 shares of the financial services provider’s stock valued at $4,457,000 after buying an additional 152,103 shares in the last quarter. Walleye Capital LLC lifted its holdings in shares of OUTFRONT Media by 10.3% in the third quarter. Walleye Capital LLC now owns 362,074 shares of the financial services provider’s stock worth $6,655,000 after buying an additional 33,795 shares in the last quarter. Martingale Asset Management L P purchased a new position in OUTFRONT Media during the third quarter worth about $369,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of OUTFRONT Media by 109.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 379,245 shares of the financial services provider’s stock worth $6,971,000 after buying an additional 198,528 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley raised their price target on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. StockNews.com cut OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Wells Fargo & Company initiated 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 reiterated an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.00.

OUTFRONT Media Trading Down 0.3 %

Shares of NYSE OUT opened at $18.13 on Tuesday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.20 and a beta of 1.97. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. OUTFRONT Media Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $19.50. The business’s 50 day moving average price is $18.60 and its 200-day moving average price is $16.88.

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

OUTFRONT Media Cuts Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be given 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 presently 87.59%.

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.