Orion Portfolio Solutions LLC Sells 1,900 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Orion Portfolio Solutions LLC reduced its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,374 shares of the financial services provider’s stock after selling 1,900 shares during the period. Orion Portfolio Solutions LLC’s holdings in OUTFRONT Media were worth $393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OUT. Harbor Capital Advisors Inc. bought a new stake in shares of OUTFRONT Media during the 3rd quarter worth $32,000. Quarry LP boosted its stake in shares of OUTFRONT Media by 258.8% in 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 in the last quarter. National Bank of Canada FI bought a new stake in shares of OUTFRONT Media during the 2nd quarter valued at approximately $28,000. Virtus Fund Advisers LLC acquired a new position in OUTFRONT Media during the 3rd quarter worth approximately $49,000. Finally, Quest Partners LLC lifted its stake in OUTFRONT Media by 30.0% in the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 994 shares during the last quarter.

OUTFRONT Media Trading Down 4.5 %

Shares of OUT stock opened at $17.54 on Thursday. OUTFRONT Media Inc. has a 1-year low of $12.27 and a 1-year 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 $2.91 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.20 and a beta of 1.96. The stock has a 50-day moving average of $18.64 and a 200-day moving average of $16.78.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share 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 analyst estimates of $456.38 million. During the same period in the prior year, the company posted $0.46 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that OUTFRONT Media Inc. will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be issued a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s payout ratio is 87.59%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OUT shares. Wells Fargo & Company started 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 reaffirmed an “outperform” rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, November 13th. Morgan Stanley lifted their price target on OUTFRONT Media from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wolfe Research downgraded OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Finally, StockNews.com lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, OUTFRONT Media has a consensus rating of “Hold” and an average price target of $19.00.

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.