Alliancebernstein L.P. Sells 6,645 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Alliancebernstein L.P. lowered its position in OUTFRONT Media Inc. (NYSE:OUT) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 157,048 shares of the financial services provider’s stock after selling 6,645 shares during the period. Alliancebernstein L.P.’s holdings in OUTFRONT Media were worth $2,786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new position in shares of OUTFRONT Media during the fourth quarter valued at approximately $47,000. GAMMA Investing LLC lifted its stake in OUTFRONT Media by 19.3% during the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 613 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in OUTFRONT Media by 155.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 2,555 shares during the last quarter. KBC Group NV grew its stake in shares of OUTFRONT Media by 47.9% in the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 2,006 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of OUTFRONT Media in the fourth quarter valued at about $192,000.

OUTFRONT Media Stock Up 2.2 %

OUT opened at $14.47 on Friday. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.98. The firm has a market capitalization of $2.42 billion, a P/E ratio of 10.31, a PEG ratio of 1.06 and a beta of 1.79. The company’s 50-day moving average is $16.64 and its 200 day moving average is $18.02. 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 (NYSE:OUT) last announced its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $493.20 million for the quarter, compared to the consensus estimate of $490.42 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. Research analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 8.29%. The ex-dividend date was Friday, March 7th. OUTFRONT Media’s dividend payout ratio is presently 81.63%.

OUTFRONT Media Profile

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.