Quantitative Investment Management LLC Takes Position in Outfront Media Inc (OUT)

Quantitative Investment Management LLC purchased a new stake in Outfront Media Inc (NYSE:OUT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,200 shares of the financial services provider’s stock, valued at approximately $399,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Fuller & Thaler Asset Management Inc. lifted its holdings in Outfront Media by 57.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 6,000 shares of the financial services provider’s stock worth $151,000 after buying an additional 2,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Outfront Media by 45.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,430 shares of the financial services provider’s stock worth $172,000 after buying an additional 2,324 shares during the last quarter. Keybank National Association OH lifted its holdings in Outfront Media by 4.7% during the 4th quarter. Keybank National Association OH now owns 54,908 shares of the financial services provider’s stock worth $1,274,000 after buying an additional 2,470 shares during the last quarter. Swiss National Bank lifted its holdings in Outfront Media by 1.8% during the 4th quarter. Swiss National Bank now owns 236,154 shares of the financial services provider’s stock worth $5,479,000 after buying an additional 4,200 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Outfront Media by 15.3% during the 4th quarter. Bank of Montreal Can now owns 41,796 shares of the financial services provider’s stock worth $970,000 after buying an additional 5,535 shares during the last quarter. 99.44% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts have commented on the company. Zacks Investment Research downgraded Outfront Media from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Wednesday, January 10th. Wells Fargo reduced their target price on Outfront Media from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Finally, ValuEngine downgraded Outfront Media from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.50.

OUT stock opened at $18.56 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 1.75. Outfront Media Inc has a 1-year low of $18.54 and a 1-year high of $26.87. The company has a market capitalization of $2,639.10, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06.

Outfront Media (NYSE:OUT) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.31). The company had revenue of $401.30 million during the quarter, compared to the consensus estimate of $404.74 million. Outfront Media had a return on equity of 10.31% and a net margin of 8.27%. sell-side analysts expect that Outfront Media Inc will post 2.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 7.76%. The ex-dividend date of this dividend is Thursday, March 8th. Outfront Media’s dividend payout ratio (DPR) is 160.00%.

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About Outfront Media

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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