Edgestream Partners L.P. Buys 152,103 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Edgestream Partners L.P. boosted its stake in OUTFRONT Media Inc. (NYSE:OUT) by 168.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 242,503 shares of the financial services provider’s stock after acquiring an additional 152,103 shares during the period. Edgestream Partners L.P. owned 0.15% of OUTFRONT Media worth $4,457,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in OUTFRONT Media in the third quarter worth about $32,000. Quarry LP raised its position in OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,325 shares during the period. National Bank of Canada FI bought a new stake in OUTFRONT Media in the second quarter worth about $28,000. Quest Partners LLC raised its position 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 worth $62,000 after acquiring an additional 994 shares during the period. Finally, CWM LLC raised 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 during the period.

OUTFRONT Media Stock Performance

OUTFRONT Media stock opened at $19.21 on Friday. The firm’s 50 day simple moving average is $18.48 and its 200 day simple moving average is $16.40. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The firm has a market capitalization of $3.19 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.94. OUTFRONT Media Inc. has a 1-year low of $11.98 and a 1-year high of $19.50.

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

OUTFRONT Media Cuts Dividend

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

Wall Street Analyst Weigh In

OUT has been the subject of several recent research reports. Barrington Research reiterated an “outperform” rating and issued a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, November 13th. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Wells Fargo & Company started coverage on shares of OUTFRONT Media in a research note on Thursday, September 19th. They set an “overweight” rating and a $22.00 price target on the stock. Finally, Wolfe Research cut shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $19.25.

OUTFRONT Media Company Profile

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.