Martingale Asset Management L P Invests $369,000 in OUTFRONT Media Inc. (NYSE:OUT)

Martingale Asset Management L P acquired a new stake in shares of OUTFRONT Media Inc. (NYSE:OUT) during the third quarter, Holdings Channel.com reports. The fund acquired 20,057 shares of the financial services provider’s stock, valued at approximately $369,000.

Several other large investors have also recently added to or reduced their stakes in OUT. Quarry LP grew its stake in OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,325 shares in the last quarter. National Bank of Canada FI acquired a new position in OUTFRONT Media in the second quarter worth approximately $28,000. Harbor Capital Advisors Inc. bought a new position in OUTFRONT Media during the third quarter valued at approximately $32,000. Quest Partners LLC lifted its stake 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 valued at $62,000 after acquiring an additional 994 shares during the last quarter. Finally, CWM LLC grew its position in OUTFRONT Media by 18.5% in the third quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 1,199 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OUT. StockNews.com lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Barrington Research reissued an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, November 13th. Finally, Wells Fargo & Company started coverage on OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, OUTFRONT Media presently has an average rating of “Hold” and an average target price of $19.25.

OUTFRONT Media Trading Down 1.3 %

Shares of NYSE:OUT opened at $19.00 on Wednesday. OUTFRONT Media Inc. has a 52-week low of $12.13 and a 52-week high of $19.50. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $3.15 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.23 and a beta of 1.96. The stock’s 50-day moving average is $18.50 and its 200-day moving average is $16.46.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.20). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $451.90 million during the quarter, compared to the consensus estimate of $456.38 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts predict that OUTFRONT Media Inc. will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

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

About OUTFRONT Media

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.