OUTFRONT Media Inc. (NYSE:OUT) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 55.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 247,061 shares of the financial services provider’s stock after buying an additional 87,971 shares during the quarter. Jane Street Group LLC owned 0.15% of OUTFRONT Media worth $4,541,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Virtus Fund Advisers LLC purchased a new stake in shares of OUTFRONT Media during the third quarter worth $49,000. Virtus Investment Advisers Inc. purchased a new stake in OUTFRONT Media during the 3rd quarter worth about $253,000. Weiss Asset Management LP purchased a new stake in OUTFRONT Media during the 3rd quarter worth about $1,502,000. Stifel Financial Corp raised its position in OUTFRONT Media by 5.6% in the 3rd quarter. Stifel Financial Corp now owns 102,212 shares of the financial services provider’s stock valued at $1,879,000 after purchasing an additional 5,412 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in shares of OUTFRONT Media by 101.1% in the 3rd quarter. Systematic Financial Management LP now owns 128,250 shares of the financial services provider’s stock valued at $2,357,000 after buying an additional 64,475 shares during the period.

Analysts Set New Price Targets

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

OUTFRONT Media Trading Down 3.4 %

Shares of OUTFRONT Media stock opened at $18.36 on Wednesday. The company has a fifty day simple moving average of $18.64 and a 200-day simple moving average of $16.75. OUTFRONT Media Inc. has a 12-month low of $12.27 and a 12-month high of $19.50. 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 stock has a market cap of $3.05 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 1.20 and a beta of 1.96.

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

OUTFRONT Media Cuts Dividend

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

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.