OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 8.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 556,644 shares of the financial services provider’s stock after selling 49,911 shares during the period. BNP Paribas Financial Markets owned 0.34% of OUTFRONT Media worth $10,231,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quarry LP raised its stake in OUTFRONT Media by 258.8% during the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,325 shares during the period. National Bank of Canada FI acquired a new stake in shares of OUTFRONT Media during the 2nd quarter worth approximately $28,000. Harbor Capital Advisors Inc. bought a new stake in shares of OUTFRONT Media in the 3rd quarter worth approximately $32,000. Quest Partners LLC lifted 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 purchasing an additional 994 shares during the last quarter. Finally, CWM LLC boosted its position in OUTFRONT Media by 18.5% during the 3rd quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 1,199 shares during the period.

OUTFRONT Media Stock Up 0.1 %

OUTFRONT Media stock opened at $19.21 on Monday. The company’s 50-day moving average price is $18.48 and its two-hundred day moving average price is $16.40. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.23 and a beta of 1.94. OUTFRONT Media Inc. has a 52 week low of $11.98 and a 52 week 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.

OUTFRONT Media (NYSE:OUT) last issued 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 net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $451.90 million for the quarter, compared to the consensus estimate of $456.38 million. During the same period in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts expect that OUTFRONT Media Inc. will post 1.56 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The firm 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 $0.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 87.59%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company assumed coverage on OUTFRONT Media in a research note on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price on the stock. Barrington Research reissued an “outperform” rating and set a $21.00 target price 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, Wolfe Research downgraded OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.25.

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.