MUFG Americas Holdings Corp decreased its holdings in Outfront Media Inc (NYSE:OUT) by 53.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,311 shares of the financial services provider’s stock after selling 113,272 shares during the quarter. MUFG Americas Holdings Corp owned approximately 0.07% of Outfront Media worth $1,379,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Colony Capital Inc. bought a new position in shares of Outfront Media during the second quarter valued at approximately $1,134,000. Russell Investments Group Ltd. increased its stake in Outfront Media by 3.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 320,943 shares of the financial services provider’s stock valued at $4,549,000 after buying an additional 9,597 shares during the last quarter. Swiss National Bank increased its stake in Outfront Media by 15.6% in the 2nd quarter. Swiss National Bank now owns 321,854 shares of the financial services provider’s stock valued at $4,561,000 after buying an additional 43,500 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Outfront Media in the 2nd quarter valued at $398,000. Finally, Jabodon PT Co. acquired a new stake in Outfront Media in the 2nd quarter valued at $479,000. 96.15% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:OUT traded up $0.26 during midday trading on Friday, reaching $15.61. The company’s stock had a trading volume of 1,247,019 shares, compared to its average volume of 2,232,378. Outfront Media Inc has a 12-month low of $7.07 and a 12-month high of $31.20. The firm has a 50 day moving average of $14.46 and a 200-day moving average of $17.56. The firm has a market capitalization of $2.33 billion, a P/E ratio of 70.96, a PEG ratio of 2.38 and a beta of 1.47. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.88.
Outfront Media (NYSE:OUT) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported ($0.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.23). Outfront Media had a net margin of 2.03% and a return on equity of 2.96%. On average, research analysts predict that Outfront Media Inc will post 0.64 EPS for the current year.
OUT has been the topic of several recent research reports. Imperial Capital lowered their price target on shares of Outfront Media from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Citigroup boosted their price objective on shares of Outfront Media from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday. Morgan Stanley boosted their price objective on shares of Outfront Media from $13.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, June 22nd. ValuEngine lowered shares of Outfront Media from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Finally, Barrington Research restated a “buy” rating and set a $17.00 price objective on shares of Outfront Media in a research note on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Outfront Media has an average rating of “Hold” and an average target price of $18.29.
Outfront Media Profile
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.
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