OUTFRONT Media Inc. (OUT) Shares Bought by OxFORD Asset Management LLP
OxFORD Asset Management LLP boosted its position in OUTFRONT Media Inc. (NYSE:OUT) by 688.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,280 shares of the financial services provider’s stock after buying an additional 236,012 shares during the period. OxFORD Asset Management LLP owned approximately 0.19% of OUTFRONT Media worth $6,776,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of OUT. Zurcher Kantonalbank Zurich Cantonalbank increased its position in OUTFRONT Media by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock valued at $118,000 after buying an additional 478 shares in the last quarter. Pacad Investment Ltd. increased its position in OUTFRONT Media by 54.3% in the 2nd quarter. Pacad Investment Ltd. now owns 5,400 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,900 shares in the last quarter. Smithfield Trust Co. increased its position in OUTFRONT Media by 435.6% in the 2nd quarter. Smithfield Trust Co. now owns 5,742 shares of the financial services provider’s stock valued at $133,000 after buying an additional 4,670 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in OUTFRONT Media by 57.9% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 6,000 shares of the financial services provider’s stock valued at $151,000 after buying an additional 2,200 shares in the last quarter. Finally, Cadence Capital Management LLC bought a new stake in OUTFRONT Media in the 3rd quarter valued at about $205,000.
A number of analysts recently commented on OUT shares. ValuEngine raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Loop Capital reissued a “buy” rating and set a $28.00 price objective (up from $27.00) on shares of OUTFRONT Media in a report on Thursday, September 28th. Zacks Investment Research raised OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Barrington Research reissued an “outperform” rating and set a $26.00 price objective (down from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $30.00 price objective on shares of OUTFRONT Media in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.17.
OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data 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 company had revenue of $392.40 million for the quarter, compared to the consensus estimate of $391.18 million. OUTFRONT Media had a return on equity of 9.57% and a net margin of 7.71%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 earnings per share. analysts expect that OUTFRONT Media Inc. will post 1.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders 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 6.13%. OUTFRONT Media’s payout ratio is presently 171.43%.
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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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