Symons Capital Management Inc. Decreases Holdings in Outfront Media Inc (NYSE:OUT)

Symons Capital Management Inc. decreased its position in shares of Outfront Media Inc (NYSE:OUT) by 10.0% in the third quarter, HoldingsChannel reports. The fund owned 236,590 shares of the financial services provider’s stock after selling 26,270 shares during the quarter. Outfront Media makes up 3.0% of Symons Capital Management Inc.’s portfolio, making the stock its 13th largest position. Symons Capital Management Inc.’s holdings in Outfront Media were worth $6,573,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Huntington National Bank lifted its position in Outfront Media by 1,098.2% during the second quarter. Huntington National Bank now owns 1,342 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 1,230 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Outfront Media during the second quarter valued at approximately $41,000. Redhawk Wealth Advisors Inc. purchased a new stake in Outfront Media during the second quarter valued at approximately $45,000. Marshall Wace North America L.P. purchased a new stake in Outfront Media during the first quarter valued at approximately $44,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in Outfront Media during the third quarter valued at approximately $61,000. 95.05% of the stock is owned by institutional investors.

OUT has been the subject of a number of analyst reports. Barrington Research reissued a “buy” rating and set a $29.00 target price on shares of Outfront Media in a research report on Tuesday, November 5th. ValuEngine cut shares of Outfront Media from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Imperial Capital raised their price target on shares of Outfront Media from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, Zacks Investment Research cut shares of Outfront Media from a “buy” rating to a “sell” rating and set a $29.00 price target for the company. in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Outfront Media presently has a consensus rating of “Hold” and a consensus price target of $27.48.

Shares of NYSE OUT traded down $0.13 during midday trading on Friday, reaching $25.02. The company had a trading volume of 607,739 shares, compared to its average volume of 1,018,383. The business’s 50-day simple moving average is $27.13 and its 200 day simple moving average is $26.35. The stock has a market cap of $3.61 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.35 and a beta of 1.06. Outfront Media Inc has a 1 year low of $16.81 and a 1 year high of $28.42. The company has a current ratio of 0.71, a quick ratio of 0.88 and a debt-to-equity ratio of 3.06.

Outfront Media (NYSE:OUT) last posted its quarterly earnings results on Monday, November 4th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.35). The company had revenue of $462.50 million during the quarter, compared to analysts’ expectations of $461.97 million. Outfront Media had a return on equity of 13.54% and a net margin of 8.72%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. Analysts predict that Outfront Media Inc will post 2.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.76%. Outfront Media’s dividend payout ratio is currently 66.98%.

About Outfront Media

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 ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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

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