Russell Investments Group Ltd. Acquires 44,464 Shares of Outfront Media Inc (OUT)

Russell Investments Group Ltd. raised its holdings in Outfront Media Inc (NYSE:OUT) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 859,466 shares of the financial services provider’s stock after acquiring an additional 44,464 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.62% of Outfront Media worth $17,142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC increased its position in Outfront Media by 7.2% in the 2nd quarter. FMR LLC now owns 7,837,932 shares of the financial services provider’s stock valued at $152,447,000 after acquiring an additional 529,060 shares during the period. BlackRock Inc. increased its position in Outfront Media by 2.9% in the 2nd quarter. BlackRock Inc. now owns 7,520,012 shares of the financial services provider’s stock valued at $146,262,000 after acquiring an additional 215,242 shares during the period. Janus Henderson Group PLC increased its position in Outfront Media by 0.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,187,081 shares of the financial services provider’s stock valued at $81,439,000 after acquiring an additional 18,477 shares during the period. Macquarie Group Ltd. increased its position in Outfront Media by 14.7% in the 2nd quarter. Macquarie Group Ltd. now owns 4,014,179 shares of the financial services provider’s stock valued at $78,076,000 after acquiring an additional 515,529 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Outfront Media by 7.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,951,574 shares of the financial services provider’s stock valued at $76,859,000 after acquiring an additional 285,210 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

OUT opened at $20.86 on Friday. Outfront Media Inc has a twelve month low of $17.27 and a twelve month high of $24.84. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.98. The firm has a market cap of $2.80 billion, a PE ratio of 10.43, a PEG ratio of 1.31 and a beta of 1.14.

Outfront Media (NYSE:OUT) last posted its quarterly earnings data on Monday, November 5th. The financial services provider reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Outfront Media had a net margin of 5.54% and a return on equity of 7.34%. The company had revenue of $414.20 million during the quarter, compared to analysts’ expectations of $404.37 million. During the same period in the prior year, the company posted $0.36 earnings per share. Outfront Media’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts anticipate that Outfront Media Inc will post 2.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 7th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Thursday, December 6th. Outfront Media’s dividend payout ratio (DPR) is presently 72.00%.

Several equities analysts have issued reports on OUT shares. Zacks Investment Research cut shares of Outfront Media from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Imperial Capital started coverage on shares of Outfront Media in a research report on Thursday, September 13th. They issued an “inline” rating and a $22.00 price target for the company. ValuEngine cut shares of Outfront Media from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd. Wells Fargo & Co restated a “market perform” rating and issued a $27.00 price target (up from $25.00) on shares of Outfront Media in a research report on Thursday, August 9th. Finally, Citigroup decreased their price target on shares of Outfront Media from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Outfront Media presently has a consensus rating of “Hold” and a consensus target price of $23.60.

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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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Institutional Ownership by Quarter for Outfront Media (NYSE:OUT)

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