Mutual of America Capital Management LLC Reduces Position in OUTFRONT Media Inc. (NYSE:OUT)

Mutual of America Capital Management LLC trimmed its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 13.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,721 shares of the financial services provider’s stock after selling 3,273 shares during the quarter. Mutual of America Capital Management LLC’s holdings in OUTFRONT Media were worth $381,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,325 shares during the period. National Bank of Canada FI bought a new stake in OUTFRONT Media during the second quarter valued at about $28,000. Harbor Capital Advisors Inc. bought a new position in shares of OUTFRONT Media during the 3rd quarter worth approximately $32,000. Quest Partners LLC boosted its position 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 in the last quarter. Finally, CWM LLC increased its holdings 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 in the last quarter.

OUTFRONT Media Trading Down 0.4 %

OUT opened at $19.20 on Thursday. The business has a fifty day simple moving average of $18.40 and a 200-day simple moving average of $16.32. OUTFRONT Media Inc. has a 52 week low of $11.98 and a 52 week high of $19.50. The firm has a market cap of $3.19 billion, a P/E ratio of 14.07, a P/E/G ratio of 1.24 and a beta of 1.94. The company has a quick ratio of 0.65, a current 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 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.20). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company had revenue of $451.90 million for the quarter, compared to analyst estimates of $456.38 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts expect that OUTFRONT Media Inc. will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm 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 dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s payout ratio is 87.59%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OUT shares. Wells Fargo & Company began coverage on OUTFRONT Media in a research report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price on the stock. Barrington Research restated an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, November 13th. StockNews.com downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.