Deprince Race & Zollo Inc. Purchases 42,355 Shares of OUTFRONT Media Inc. (OUT)

Deprince Race & Zollo Inc. lifted its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,022,935 shares of the financial services provider’s stock after acquiring an additional 42,355 shares during the quarter. OUTFRONT Media accounts for approximately 1.7% of Deprince Race & Zollo Inc.’s portfolio, making the stock its largest holding. Deprince Race & Zollo Inc. owned about 2.18% of OUTFRONT Media worth $76,118,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Schnieders Capital Management LLC grew its position in OUTFRONT Media by 0.8% during the second quarter. Schnieders Capital Management LLC now owns 11,925 shares of the financial services provider’s stock worth $276,000 after buying an additional 100 shares during the period. Teacher Retirement System of Texas grew its position in OUTFRONT Media by 2.3% during the second quarter. Teacher Retirement System of Texas now owns 11,034 shares of the financial services provider’s stock worth $255,000 after buying an additional 244 shares during the period. Piermont Capital Management Inc. grew its position in OUTFRONT Media by 0.3% during the second quarter. Piermont Capital Management Inc. now owns 99,810 shares of the financial services provider’s stock worth $2,308,000 after buying an additional 310 shares during the period. Public Employees Retirement System of Ohio grew its position in OUTFRONT Media by 0.7% during the first quarter. Public Employees Retirement System of Ohio now owns 62,038 shares of the financial services provider’s stock worth $1,647,000 after buying an additional 444 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in OUTFRONT Media by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock worth $118,000 after buying an additional 478 shares during the period. Institutional investors and hedge funds own 98.83% of the company’s stock.

OUTFRONT Media Inc. (OUT) traded down $0.18 during mid-day trading on Wednesday, hitting $24.16. 517,000 shares of the stock traded hands, compared to its average volume of 866,772. The firm has a market capitalization of $3,374.41, a price-to-earnings ratio of 12.42, a PEG ratio of 1.89 and a beta of 1.15. OUTFRONT Media Inc. has a twelve month low of $20.82 and a twelve month high of $27.89. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.73.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.20). The business had revenue of $392.40 million during the quarter, compared to analyst estimates of $391.18 million. OUTFRONT Media had a net margin of 7.71% and a return on equity of 9.57%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. sell-side analysts expect that OUTFRONT Media Inc. will post 2.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a $0.36 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.44 annualized dividend and a dividend yield of 5.96%. OUTFRONT Media’s dividend payout ratio is presently 171.43%.

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OUT has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Barrington Research restated an “outperform” rating and set a $26.00 target price (down from $29.00) on shares of OUTFRONT Media in a research report on Monday, August 14th. ValuEngine upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wells Fargo & Company restated an “outperform” rating and set a $30.00 target price on shares of OUTFRONT Media in a research report on Tuesday, October 3rd. Finally, Loop Capital restated a “buy” rating and set a $28.00 target price (up from $27.00) on shares of OUTFRONT Media in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. OUTFRONT Media has a consensus rating of “Hold” and a consensus price target of $30.17.

OUTFRONT Media Profile

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

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Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

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