AlphaQuest LLC Boosts Stock Holdings in OUTFRONT Media Inc. $OUT

AlphaQuest LLC lifted its position in OUTFRONT Media Inc. (NYSE:OUT) by 36.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,674 shares of the financial services provider’s stock after purchasing an additional 21,330 shares during the period. AlphaQuest LLC’s holdings in OUTFRONT Media were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OUT. Private Trust Co. NA acquired a new position in shares of OUTFRONT Media in the third quarter worth about $33,000. Rossby Financial LCC increased its stake in shares of OUTFRONT Media by 42.4% in the 2nd 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 in the last quarter. State of Wyoming raised its holdings in OUTFRONT Media by 155.5% in the 2nd quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 4,853 shares during the period. CWM LLC boosted its position in OUTFRONT Media by 8.3% during the third quarter. CWM LLC now owns 8,229 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 631 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in OUTFRONT Media by 45.4% during the second quarter. Osaic Holdings Inc. now owns 9,126 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 2,851 shares in the last quarter.

OUTFRONT Media Price Performance

Shares of NYSE OUT opened at $24.32 on Friday. The firm has a 50-day simple moving average of $24.02 and a 200-day simple moving average of $20.46. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 1.23 and a beta of 1.57. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 4.75. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $25.51.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). OUTFRONT Media had a return on equity of 21.56% and a net margin of 6.86%.The business had revenue of $467.50 million for the quarter, compared to analyst estimates of $458.32 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 5th were given a dividend of $0.30 per share. The ex-dividend date was Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 4.9%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 176.47%.

Wall Street Analysts Forecast Growth

Several analysts have commented on OUT shares. Morgan Stanley raised OUTFRONT Media from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $20.00 to $28.00 in a report on Tuesday, December 16th. Barrington Research reissued an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Friday, November 7th. Citigroup reissued a “buy” rating and issued a $23.00 price target (up previously from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. JPMorgan Chase & Co. raised shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $25.00 in a report on Wednesday, November 12th. Finally, TD Cowen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $24.57.

Insiders Place Their Bets

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total value of $276,026.79. Following the completion of the sale, the director directly owned 47,515 shares of the company’s stock, valued at $1,163,642.35. This trade represents a 19.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.