Integrated Advisors Network LLC Makes New Investment in OUTFRONT Media Inc. (NYSE:OUT)

Integrated Advisors Network LLC bought a new stake in OUTFRONT Media Inc. (NYSE:OUT) in the 3rd quarter, Holdings Channel.com reports. The firm bought 182,971 shares of the financial services provider’s stock, valued at approximately $3,363,000.

Other large investors have also recently made changes to their positions in the company. Quarry LP lifted its stake in 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 buying an additional 1,325 shares during the last quarter. National Bank of Canada FI purchased a new stake in OUTFRONT Media in the 2nd quarter valued at $28,000. Quest Partners LLC raised its position in OUTFRONT Media by 30.0% in the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 994 shares during the last quarter. CWM LLC boosted its stake in OUTFRONT Media by 18.5% during the 3rd quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 1,199 shares during the period. Finally, M&G Plc purchased a new position in OUTFRONT Media during the 2nd quarter worth $152,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on OUT shares. StockNews.com downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday. Barrington Research increased their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Wolfe Research lowered OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. TD Cowen began coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.50.

OUTFRONT Media Stock Performance

Shares of OUT opened at $18.65 on Wednesday. The company has a market capitalization of $3.09 billion, a PE ratio of -7.01, a P/E/G ratio of 1.20 and a beta of 1.94. OUTFRONT Media Inc. has a 52-week low of $9.39 and a 52-week high of $19.33. The company has a 50-day simple moving average of $17.69 and a 200-day simple moving average of $15.87. 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 (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, beating analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The company had revenue of $477.30 million during the quarter, compared to the consensus estimate of $482.27 million. During the same period last year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts predict that OUTFRONT Media Inc. will post 1.53 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date of this dividend was Friday, September 6th. OUTFRONT Media’s dividend payout ratio is currently -45.11%.

OUTFRONT Media Company 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.