Oppenheimer Asset Management Inc. Sells 5,226 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Oppenheimer Asset Management Inc. lessened its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 22.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,996 shares of the financial services provider’s stock after selling 5,226 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in OUTFRONT Media were worth $331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lasalle Investment Management Securities LLC boosted its holdings in shares of OUTFRONT Media by 17.3% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock valued at $47,733,000 after acquiring an additional 419,706 shares in the last quarter. First Eagle Investment Management LLC increased 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 valued at $10,174,000 after purchasing an additional 232,300 shares during the period. Asset Management One Co. Ltd. lifted its holdings in OUTFRONT Media by 39,437.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 196,896 shares of the financial services provider’s stock worth $3,619,000 after buying an additional 196,398 shares during the period. SG Americas Securities LLC grew its position in shares of OUTFRONT Media by 266.2% in the 2nd quarter. SG Americas Securities LLC now owns 48,711 shares of the financial services provider’s stock valued at $697,000 after buying an additional 35,409 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its position in shares of OUTFRONT Media by 30.0% during the second quarter. Westwood Holdings Group Inc. now owns 650,000 shares of the financial services provider’s stock worth $9,295,000 after acquiring an additional 150,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OUT shares. JPMorgan Chase & Co. boosted their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Wolfe Research downgraded OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Barrington Research reiterated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Finally, 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.25.

OUTFRONT Media Stock Up 0.2 %

OUT stock opened at $18.78 on Thursday. OUTFRONT Media Inc. has a 1-year low of $11.98 and a 1-year high of $19.33. The stock has a market cap of $3.12 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.17 and a beta of 1.94. The stock’s fifty day simple moving average is $18.22 and its two-hundred day simple moving average is $16.18. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00.

OUTFRONT Media (NYSE:OUT) last released its earnings results 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). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The company had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $456.38 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Analysts expect that OUTFRONT Media Inc. will post 1.53 EPS for the current year.

OUTFRONT Media Cuts Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be paid a dividend of $0.75 per share. 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.