Deroy & Devereaux Private Investment Counsel Inc. Has $3.80 Million Stock Position in OUTFRONT Media Inc. (NYSE:OUT)

Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 0.6% in the third quarter, HoldingsChannel reports. The firm owned 206,715 shares of the financial services provider’s stock after purchasing an additional 1,235 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in OUTFRONT Media were worth $3,799,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System increased its position in shares of OUTFRONT Media by 3.2% during the 3rd quarter. New York State Teachers Retirement System now owns 103,849 shares of the financial services provider’s stock worth $1,909,000 after purchasing an additional 3,175 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of OUTFRONT Media during the 3rd quarter worth about $288,000. Integrated Advisors Network LLC acquired a new stake in shares of OUTFRONT Media during the 3rd quarter worth about $3,363,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of OUTFRONT Media during the 3rd quarter worth about $455,000. Finally, ZWJ Investment Counsel Inc. increased its position in shares of OUTFRONT Media by 2.7% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 1,446,420 shares of the financial services provider’s stock worth $26,585,000 after purchasing an additional 38,327 shares in the last quarter.

OUTFRONT Media Stock Down 2.7 %

Shares of NYSE:OUT opened at $17.76 on Friday. OUTFRONT Media Inc. has a one year low of $9.50 and a one year high of $19.33. The company has a 50 day moving average of $17.78 and a 200-day moving average of $15.90. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -6.68, a P/E/G ratio of 1.20 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $482.27 million. During the same quarter in the previous year, the company earned $0.47 EPS. OUTFRONT Media’s revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts forecast that OUTFRONT Media Inc. will post 1.53 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend was Friday, September 6th. OUTFRONT Media’s dividend payout ratio is -45.11%.

Wall Street Analyst Weigh In

Several research firms have weighed in on OUT. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Barrington Research raised their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. 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 for the company. Finally, Wolfe Research cut shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.50.

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.