SG Americas Securities LLC Invests $529,000 in OUTFRONT Media Inc. (OUT) Stock

SG Americas Securities LLC acquired a new position in OUTFRONT Media Inc. (NYSE:OUT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 21,008 shares of the financial services provider’s stock, valued at approximately $529,000.

A number of other institutional investors have also modified their holdings of the business. Russell Investments Group Ltd. raised its stake in OUTFRONT Media by 29.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 954,399 shares of the financial services provider’s stock worth $24,032,000 after purchasing an additional 215,110 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in OUTFRONT Media by 1.4% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 3,022,935 shares of the financial services provider’s stock worth $76,118,000 after purchasing an additional 42,355 shares in the last quarter. Comerica Bank raised its stake in OUTFRONT Media by 11.7% in the 3rd quarter. Comerica Bank now owns 190,089 shares of the financial services provider’s stock worth $4,475,000 after purchasing an additional 19,854 shares in the last quarter. Breton Hill Capital Ltd. raised its stake in OUTFRONT Media by 9.5% in the 3rd quarter. Breton Hill Capital Ltd. now owns 47,425 shares of the financial services provider’s stock worth $1,194,000 after purchasing an additional 4,110 shares in the last quarter. Finally, Advantus Capital Management Inc acquired a new stake in OUTFRONT Media in the 3rd quarter worth about $486,000.

Several analysts have weighed in on the stock. ValuEngine upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Loop Capital reiterated a “buy” rating and issued a $28.00 price objective (up previously from $27.00) on shares of OUTFRONT Media in a research note on Thursday, September 28th. Barrington Research reiterated an “outperform” rating and issued a $26.00 price objective (down previously from $29.00) on shares of OUTFRONT Media in a research note on Monday, August 14th. Wells Fargo & Company reiterated an “outperform” rating and issued a $30.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. OUTFRONT Media has an average rating of “Hold” and an average target price of $30.17.

Shares of OUTFRONT Media Inc. (NYSE:OUT) traded up $0.18 during trading hours on Monday, hitting $23.45. 1,085,100 shares of the stock traded hands, compared to its average volume of 859,870. The firm has a market cap of $3,251.02, a PE ratio of 11.96, a PEG ratio of 1.85 and a beta of 1.13. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.73. OUTFRONT Media Inc. has a one year low of $20.82 and a one year 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 the consensus estimate 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%. OUTFRONT Media’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. sell-side analysts forecast that OUTFRONT Media Inc. will post 1.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Thursday, December 7th. OUTFRONT Media’s payout ratio is presently 171.43%.

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About OUTFRONT Media

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.

Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

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