Mutual of America Capital Management LLC Lowers Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Mutual of America Capital Management LLC lessened its stake in OUTFRONT Media Inc. (NYSE:OUT) by 13.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 20,721 shares of the financial services provider’s stock after selling 3,273 shares during the period. Mutual of America Capital Management LLC’s holdings in OUTFRONT Media were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. raised its stake in shares of OUTFRONT Media by 11.7% during the second quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider’s stock worth $44,703,000 after purchasing an additional 327,125 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its stake in shares of OUTFRONT Media by 17.3% in the first 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 buying an additional 419,706 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of OUTFRONT Media by 10.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider’s stock valued at $30,567,000 after buying an additional 210,208 shares in the last quarter. Land & Buildings Investment Management LLC acquired a new position in OUTFRONT Media during the second quarter worth $22,724,000. Finally, ZWJ Investment Counsel Inc. lifted its holdings in OUTFRONT Media by 2.7% in the third quarter. ZWJ Investment Counsel Inc. now owns 1,446,420 shares of the financial services provider’s stock valued at $26,585,000 after acquiring an additional 38,327 shares during the period.

OUTFRONT Media Stock Performance

OUTFRONT Media stock opened at $19.20 on Thursday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. OUTFRONT Media Inc. has a fifty-two week low of $11.98 and a fifty-two week high of $19.50. The stock has a fifty day moving average of $18.40 and a two-hundred day moving average of $16.32. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.24 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last posted 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). The business had revenue of $451.90 million for the quarter, compared to analyst estimates of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. OUTFRONT Media’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS. On average, analysts anticipate that OUTFRONT Media Inc. will post 1.56 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barrington Research restated an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. StockNews.com cut OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Wolfe Research lowered OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company assumed coverage on OUTFRONT Media in a research note on Thursday, September 19th. They set an “overweight” rating and a $22.00 price target for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.25.

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.