OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 21.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,756 shares of the financial services provider’s stock after selling 1,006 shares during the period. US Bancorp DE’s holdings in OUTFRONT Media were worth $69,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of OUT. Dark Forest Capital Management LP raised its holdings in OUTFRONT Media by 3.0% during the second quarter. Dark Forest Capital Management LP now owns 25,133 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 738 shares in the last quarter. Quest Partners LLC grew its holdings in OUTFRONT Media by 30.0% during 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 last quarter. CWM LLC boosted its stake in shares of OUTFRONT Media by 18.5% during the third quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 1,199 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of OUTFRONT Media by 5.5% during 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. Finally, Quarry LP grew its stake in OUTFRONT Media by 258.8% in the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,325 shares during the period.

OUTFRONT Media Stock Down 4.2 %

OUT stock opened at $17.90 on Monday. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.17 and a beta of 1.94. OUTFRONT Media Inc. has a 12-month low of $11.98 and a 12-month high of $19.33. The company has a quick ratio of 0.67, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a 50 day moving average of $18.12 and a two-hundred day moving average of $16.14.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) 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 the consensus estimate of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. On average, equities analysts anticipate that OUTFRONT Media Inc. will post 1.53 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s payout ratio is 87.59%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Wells Fargo & Company started coverage on OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price target for the company. StockNews.com lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Wolfe Research downgraded OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Four 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, OUTFRONT Media currently has an average rating of “Hold” and an average price target of $19.25.

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.