Cwm LLC Raises Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Cwm LLC raised its stake in OUTFRONT Media Inc. (NYSE:OUT) by 18.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,683 shares of the financial services provider’s stock after purchasing an additional 1,199 shares during the period. Cwm LLC’s holdings in OUTFRONT Media were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lasalle Investment Management Securities LLC grew its position in shares of OUTFRONT Media by 17.3% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock worth $47,733,000 after buying an additional 419,706 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in OUTFRONT Media by 48.5% in the second quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider’s stock worth $10,174,000 after purchasing an additional 232,300 shares during the last quarter. Duality Advisers LP acquired a new position in shares of OUTFRONT Media during the first quarter worth $944,000. BNP Paribas Financial Markets increased its position in shares of OUTFRONT Media by 51.9% during the first quarter. BNP Paribas Financial Markets now owns 375,690 shares of the financial services provider’s stock worth $6,308,000 after purchasing an additional 128,343 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of OUTFRONT Media by 266.2% during the 2nd quarter. SG Americas Securities LLC now owns 48,711 shares of the financial services provider’s stock valued at $697,000 after purchasing an additional 35,409 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OUT. StockNews.com upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Saturday, October 19th. TD Cowen started coverage on OUTFRONT Media in a research note on Tuesday, July 16th. They set a “hold” rating and a $16.00 price target on the stock. Barrington Research increased their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Wolfe Research downgraded shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

OUTFRONT Media Trading Down 1.4 %

Shares of NYSE:OUT opened at $18.58 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.71. OUTFRONT Media Inc. has a 52-week low of $9.39 and a 52-week high of $19.33. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -6.98, a PEG ratio of 1.20 and a beta of 1.94. The business has a 50-day moving average price of $17.61 and a 200-day moving average price of $15.84.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.60. The company had revenue of $477.30 million during the quarter, compared to analyst estimates of $482.27 million. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. OUTFRONT Media’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS. Equities analysts predict that OUTFRONT Media Inc. will post 1.53 EPS for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, September 6th. This represents a $1.20 dividend on an annualized basis and a yield of 6.46%. OUTFRONT Media’s dividend payout ratio is presently -45.11%.

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.