Advantus Capital Management Inc Purchases Shares of 19,300 OUTFRONT Media Inc. (OUT)
Advantus Capital Management Inc purchased a new position in shares of OUTFRONT Media Inc. (NYSE:OUT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,300 shares of the financial services provider’s stock, valued at approximately $486,000. Advantus Capital Management Inc owned about 13,922.95% of OUTFRONT Media as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 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 last quarter. Pacad Investment Ltd. lifted its holdings in shares of OUTFRONT Media by 54.3% during the second quarter. Pacad Investment Ltd. now owns 5,400 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,900 shares during the last quarter. Smithfield Trust Co. lifted its holdings in shares of OUTFRONT Media by 435.6% during the second quarter. Smithfield Trust Co. now owns 5,742 shares of the financial services provider’s stock worth $133,000 after buying an additional 4,670 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of OUTFRONT Media during the third quarter worth approximately $227,000. Finally, M&T Bank Corp lifted its holdings in shares of OUTFRONT Media by 7.6% during the second quarter. M&T Bank Corp now owns 10,597 shares of the financial services provider’s stock worth $245,000 after buying an additional 748 shares during the last quarter. Institutional investors own 98.83% of the company’s stock.
OUTFRONT Media Inc. (OUT) opened at $24.01 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $3,328.66, a price-to-earnings ratio of 12.25, a P/E/G ratio of 1.87 and a beta of 1.15. OUTFRONT Media Inc. has a 12 month low of $20.82 and a 12 month high of $27.89.
OUTFRONT Media (NYSE:OUT) last issued its earnings results on Monday, November 6th. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.20). The firm 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 business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. research analysts predict that OUTFRONT Media Inc. will post 2.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.00%. OUTFRONT Media’s payout ratio is 171.43%.
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A number of brokerages have recently commented on OUT. Zacks Investment Research upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company reiterated an “outperform” rating and set a $30.00 price target on shares of OUTFRONT Media in a report on Tuesday, October 3rd. ValuEngine upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Loop Capital reiterated a “buy” rating and set a $28.00 price target (up from $27.00) on shares of OUTFRONT Media in a report on Thursday, September 28th. Finally, BidaskClub lowered OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price 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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