Cerity Partners LLC Reduces Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Cerity Partners LLC trimmed its position in OUTFRONT Media Inc. (NYSE:OUT) by 25.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,482 shares of the financial services provider’s stock after selling 4,678 shares during the period. Cerity Partners LLC’s holdings in OUTFRONT Media were worth $246,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Barclays PLC lifted its position in OUTFRONT Media by 43.0% in the 3rd quarter. Barclays PLC now owns 501,439 shares of the financial services provider’s stock valued at $9,218,000 after acquiring an additional 150,669 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in OUTFRONT Media during the 3rd quarter worth approximately $318,000. Franklin Resources Inc. boosted its holdings in OUTFRONT Media by 653.3% in the 3rd quarter. Franklin Resources Inc. now owns 229,872 shares of the financial services provider’s stock worth $4,260,000 after buying an additional 199,356 shares during the period. JPMorgan Chase & Co. grew its position in shares of OUTFRONT Media by 403.1% during the third quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider’s stock worth $49,400,000 after purchasing an additional 2,153,423 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of OUTFRONT Media by 19.3% during the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 613 shares during the last quarter.

OUTFRONT Media Trading Up 2.5 %

Shares of OUT opened at $15.01 on Friday. The company has a 50-day moving average of $16.21 and a 200 day moving average of $17.89. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.06 and a beta of 1.79.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $490.42 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. On average, research analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date was Friday, March 7th. OUTFRONT Media’s payout ratio is presently 81.63%.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.37.

About OUTFRONT Media

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.