State of Tennessee Department of Treasury Sells 4,117 Shares of OUTFRONT Media Inc. (NYSE:OUT)

State of Tennessee Department of Treasury decreased its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,896 shares of the financial services provider’s stock after selling 4,117 shares during the quarter. State of Tennessee Department of Treasury’s holdings in OUTFRONT Media were worth $1,134,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Loomis Sayles & Co. L P bought a new stake in OUTFRONT Media during the fourth quarter valued at $47,000. Sterling Capital Management LLC boosted its position in OUTFRONT Media by 672.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 2,522 shares during the last quarter. GAMMA Investing LLC boosted its position in OUTFRONT Media by 19.3% during the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 613 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in OUTFRONT Media by 155.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 2,555 shares during the last quarter. Finally, KBC Group NV boosted its position in OUTFRONT Media by 47.9% during the fourth quarter. KBC Group NV now owns 6,198 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 2,006 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.37.

OUTFRONT Media Price Performance

Shares of NYSE OUT opened at $15.10 on Thursday. The firm’s 50-day moving average price is $15.93 and its 200-day moving average price is $17.79. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The firm has a market capitalization of $2.52 billion, a P/E ratio of 10.76, a P/E/G ratio of 1.06 and a beta of 1.79. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $493.20 million for the quarter, compared to analyst estimates of $490.42 million. Equities research analysts anticipate that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 7.95%. OUTFRONT Media’s dividend payout ratio is currently 81.63%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.