16,618 Shares in OUTFRONT Media Inc. (NYSE:OUT) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in OUTFRONT Media Inc. (NYSE:OUT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,618 shares of the financial services provider’s stock, valued at approximately $318,000.

A number of other hedge funds also recently made changes to their positions in the business. Quarry LP lifted its position in shares of OUTFRONT Media by 258.8% during the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,325 shares during the period. National Bank of Canada FI bought a new position in shares of OUTFRONT Media during the second quarter valued at $28,000. Harbor Capital Advisors Inc. acquired a new stake in shares of OUTFRONT Media in the 3rd quarter valued at $32,000. Virtus Fund Advisers LLC bought a new stake in shares of OUTFRONT Media in the 3rd quarter worth about $49,000. Finally, Quest Partners LLC grew its holdings 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 worth $62,000 after purchasing an additional 994 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Morgan Stanley boosted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Wells Fargo & Company started coverage on OUTFRONT Media in a report on Thursday, September 19th. They set an “overweight” rating and a $22.00 target price on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, November 13th. Finally, Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, OUTFRONT Media currently has an average rating of “Hold” and an average target price of $19.00.

OUTFRONT Media Stock Down 3.1 %

OUTFRONT Media stock opened at $17.69 on Friday. OUTFRONT Media Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $19.50. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.20 and a beta of 1.96. The company’s 50 day simple moving average is $18.55 and its 200 day simple moving average is $16.93.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $456.38 million. During the same period in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.56 EPS for the current year.

OUTFRONT Media Cuts Dividend

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