Quest Partners LLC Purchases 7,145 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Quest Partners LLC increased its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 165.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,456 shares of the financial services provider’s stock after acquiring an additional 7,145 shares during the quarter. Quest Partners LLC’s holdings in OUTFRONT Media were worth $211,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co increased its stake in OUTFRONT Media by 9.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 125,276 shares of the financial services provider’s stock valued at $2,102,000 after purchasing an additional 11,332 shares in the last quarter. Quadrature Capital Ltd acquired a new position in OUTFRONT Media during the 1st quarter valued at approximately $335,000. Price T Rowe Associates Inc. MD increased its stake in OUTFRONT Media by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,246 shares of the financial services provider’s stock valued at $1,482,000 after purchasing an additional 5,357 shares in the last quarter. Cetera Advisors LLC acquired a new position in OUTFRONT Media during the 1st quarter valued at approximately $218,000. Finally, Lasalle Investment Management Securities LLC increased its stake in OUTFRONT Media by 17.3% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock valued at $47,733,000 after purchasing an additional 419,706 shares in the last quarter.

Wall Street Analyst Weigh In

OUT has been the topic of a number of recent analyst reports. Wells Fargo & Company initiated 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. Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Barrington Research restated an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, November 13th. StockNews.com lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.25.

OUTFRONT Media Stock Down 0.4 %

NYSE:OUT opened at $19.20 on Thursday. The firm has a market capitalization of $3.19 billion, a P/E ratio of 14.01, a PEG ratio of 1.24 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. The company’s fifty day moving average price is $18.40 and its 200-day moving average price is $16.32. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65.

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

OUTFRONT Media Cuts Dividend

The company also recently declared 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%.

OUTFRONT Media 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.