GAMMA Investing LLC Boosts Stake in OUTFRONT Media Inc. (NYSE:OUT)

GAMMA Investing LLC increased its stake in OUTFRONT Media Inc. (NYSE:OUT) by 19.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,796 shares of the financial services provider’s stock after acquiring an additional 613 shares during the period. GAMMA Investing LLC’s holdings in OUTFRONT Media were worth $67,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in OUT. National Bank of Canada FI purchased a new position in shares of OUTFRONT Media in the 2nd quarter worth about $28,000. Quest Partners LLC boosted its stake in OUTFRONT Media by 30.0% in the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after buying an additional 994 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in OUTFRONT Media by 5.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider’s stock worth $332,000 after buying an additional 1,220 shares in the last quarter. Renaissance Technologies LLC grew its position in OUTFRONT Media by 113.1% during the second quarter. Renaissance Technologies LLC now owns 339,200 shares of the financial services provider’s stock valued at $4,851,000 after acquiring an additional 180,000 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of OUTFRONT Media during the second quarter worth approximately $1,293,000.

OUTFRONT Media Stock Down 2.0 %

NYSE OUT opened at $17.17 on Monday. OUTFRONT Media Inc. has a 1 year low of $12.27 and a 1 year high of $19.50. The stock has a market capitalization of $2.85 billion, a PE ratio of 12.53, a PEG ratio of 1.20 and a beta of 1.96. 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 business’s 50-day moving average is $18.35 and its 200 day moving average is $17.27.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data 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). The business had revenue of $451.90 million during the quarter, compared to the consensus estimate of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. OUTFRONT Media’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. Sell-side analysts forecast that OUTFRONT Media Inc. will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th were issued a $0.75 dividend. The ex-dividend date was Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 87.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OUT. Morgan Stanley upped 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, December 18th. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Barrington Research reiterated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, November 13th. StockNews.com cut OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company began coverage on OUTFRONT Media in a research note on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price target on the stock. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.00.

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.