GSA Capital Partners LLP lessened its stake in Outfront Media Inc (NYSE:OUT) by 53.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 53,542 shares of the financial services provider’s stock after selling 62,125 shares during the quarter. GSA Capital Partners LLP’s holdings in Outfront Media were worth $1,041,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in shares of Outfront Media in the 1st quarter valued at about $147,000. Point72 Asia Hong Kong Ltd boosted its stake in shares of Outfront Media by 485.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 8,301 shares of the financial services provider’s stock valued at $156,000 after buying an additional 6,883 shares during the period. TLP Group LLC boosted its stake in shares of Outfront Media by 6,494.0% in the 1st quarter. TLP Group LLC now owns 12,133 shares of the financial services provider’s stock valued at $227,000 after buying an additional 11,949 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Outfront Media by 806.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,460 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 11,975 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Outfront Media during the 2nd quarter worth about $279,000. Institutional investors and hedge funds own 98.09% of the company’s stock.
Shares of NYSE OUT opened at $20.13 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.98. Outfront Media Inc has a fifty-two week low of $17.75 and a fifty-two week high of $25.30. The stock has a market cap of $2.80 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 1.34 and a beta of 1.09.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 7.15%. The ex-dividend date is Thursday, September 6th. Outfront Media’s dividend payout ratio (DPR) is presently 72.00%.
OUT has been the topic of several research analyst reports. Zacks Investment Research raised Outfront Media from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. ValuEngine lowered Outfront Media from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Morgan Stanley cut their target price on Outfront Media from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, June 22nd. Wells Fargo & Co reissued a “market perform” rating and set a $27.00 target price (up previously from $25.00) on shares of Outfront Media in a research report on Thursday, August 9th. Finally, Citigroup cut their target price on Outfront Media from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $24.80.
Outfront Media Profile
OUTFRONT Media connects 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 ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.
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