Quantbot Technologies LP Grows Stock Position in OUTFRONT Media Inc. $OUT

Quantbot Technologies LP increased its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 32.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,309 shares of the financial services provider’s stock after buying an additional 23,768 shares during the quarter. Quantbot Technologies LP’s holdings in OUTFRONT Media were worth $1,572,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. SVB Wealth LLC bought a new stake in shares of OUTFRONT Media during the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its position in OUTFRONT Media by 158.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 2,041 shares in the last quarter. Rossby Financial LCC grew its holdings in OUTFRONT Media by 42.4% during the second quarter. Rossby Financial LCC now owns 6,953 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,071 shares during the period. GAMMA Investing LLC increased its position in OUTFRONT Media by 113.7% in the second quarter. GAMMA Investing LLC now owns 7,964 shares of the financial services provider’s stock worth $130,000 after buying an additional 4,238 shares in the last quarter. Finally, EMC Capital Management purchased a new stake in OUTFRONT Media in the second quarter worth about $174,000.

OUTFRONT Media Price Performance

NYSE:OUT opened at $23.28 on Friday. The firm’s fifty day moving average is $19.71 and its two-hundred day moving average is $18.29. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.31 and a beta of 1.57. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $23.57. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.79 and a current ratio of 0.79.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Thursday, November 6th. The financial services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The company had revenue of $467.50 million during the quarter, compared to analysts’ expectations of $458.32 million. OUTFRONT Media had a return on equity of 21.56% and a net margin of 6.86%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 EPS. Research analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, December 5th. OUTFRONT Media’s dividend payout ratio is currently 176.47%.

Insider Activity at OUTFRONT Media

In other news, Director Manuel A. Diaz sold 11,270 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $22.18, for a total transaction of $249,968.60. Following the sale, the director owned 58,786 shares of the company’s stock, valued at $1,303,873.48. This trade represents a 16.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

OUT has been the topic of a number of analyst reports. Wall Street Zen raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Cowen raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. upgraded shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $25.00 in a research report on Wednesday, November 12th. Barrington Research reissued an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Friday, November 7th. Finally, TD Cowen raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, November 11th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, OUTFRONT Media presently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

OUTFRONT Media Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.