Healthcare of Ontario Pension Plan Trust Fund Takes Position in OUTFRONT Media Inc. (NYSE:OUT)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of OUTFRONT Media Inc. (NYSE:OUT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 66,000 shares of the financial services provider’s stock, valued at approximately $944,000.

Other hedge funds also recently modified their holdings of the company. Quarry LP increased its position in shares of OUTFRONT Media by 258.8% during the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,325 shares during the period. Riverview Trust Co acquired a new position in shares of OUTFRONT Media during the 1st quarter valued at $33,000. National Bank of Canada FI acquired a new position in shares of OUTFRONT Media during the 2nd quarter valued at $28,000. GAMMA Investing LLC grew its holdings in shares of OUTFRONT Media by 105.2% in the 1st quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 1,973 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in shares of OUTFRONT Media by 30.0% in the 2nd 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 last quarter.

Analyst Upgrades and Downgrades

OUT has been the topic of a number of recent research reports. StockNews.com upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. TD Cowen initiated coverage on OUTFRONT Media in a report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price on the stock. Barrington Research lifted their target price on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Finally, Wells Fargo & Company initiated coverage on OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.20.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock opened at $18.01 on Tuesday. The stock has a market cap of $2.99 billion, a PE ratio of -6.77, a price-to-earnings-growth ratio of 1.21 and a beta of 1.94. The business has a fifty day simple moving average of $16.72 and a 200-day simple moving average of $15.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.71. OUTFRONT Media Inc. has a 12 month low of $8.20 and a 12 month high of $18.89.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.41 by $0.60. The business had revenue of $477.30 million during the quarter, compared to analysts’ expectations of $482.27 million. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. OUTFRONT Media’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. On average, sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, September 6th. This represents a $1.20 dividend on an annualized basis and a yield of 6.66%. OUTFRONT Media’s payout ratio is -45.11%.

About OUTFRONT Media

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.