Barclays PLC Boosts Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Barclays PLC raised its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 43.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 501,439 shares of the financial services provider’s stock after acquiring an additional 150,669 shares during the period. Barclays PLC’s holdings in OUTFRONT Media were worth $9,218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OUT. Quarry LP lifted its position in shares of OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,325 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of OUTFRONT Media during the 2nd quarter worth approximately $28,000. Harbor Capital Advisors Inc. bought a new position in shares of OUTFRONT Media during the 3rd quarter valued at approximately $32,000. Virtus Fund Advisers LLC purchased a new position in shares of OUTFRONT Media in the third quarter valued at $49,000. Finally, Quest Partners LLC increased its position in OUTFRONT Media by 30.0% in the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 994 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Barrington Research reiterated an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Wells Fargo & Company began coverage on OUTFRONT Media in a research report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price objective on the stock. Finally, Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.25.

OUTFRONT Media Stock Down 3.4 %

Shares of NYSE:OUT opened at $18.36 on Wednesday. The firm has a market capitalization of $3.05 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.20 and a beta of 1.96. The business has a 50 day simple moving average of $18.64 and a two-hundred day simple moving average of $16.75. OUTFRONT Media Inc. has a 1 year low of $12.27 and a 1 year high of $19.50. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.20). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The business had revenue of $451.90 million for the quarter, compared to analysts’ expectations of $456.38 million. During the same quarter in the previous year, the firm earned $0.46 EPS. OUTFRONT Media’s revenue was down .6% compared to the same quarter last year. On average, equities analysts predict that OUTFRONT Media Inc. will post 1.56 EPS for the current year.

OUTFRONT Media Cuts Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be paid a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s dividend payout ratio is presently 87.59%.

OUTFRONT Media 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.