Systematic Financial Management LP Sells 62,176 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Systematic Financial Management LP lessened its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 48.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 66,074 shares of the financial services provider’s stock after selling 62,176 shares during the period. Systematic Financial Management LP’s holdings in OUTFRONT Media were worth $1,172,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in OUTFRONT Media by 1.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider’s stock worth $532,000 after buying an additional 558 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in OUTFRONT Media by 5.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider’s stock worth $199,000 after buying an additional 596 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in OUTFRONT Media by 4.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider’s stock worth $284,000 after buying an additional 629 shares during the last quarter. Victory Capital Management Inc. raised its stake in OUTFRONT Media by 2.8% during the fourth quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider’s stock worth $467,000 after buying an additional 706 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in OUTFRONT Media by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,484 shares of the financial services provider’s stock worth $275,000 after buying an additional 812 shares during the last quarter.

OUTFRONT Media Trading Up 0.9%

OUT opened at $16.52 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a fifty day moving average price of $15.42 and a two-hundred day moving average price of $17.51. The company has a market cap of $2.76 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.06 and a beta of 1.84. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98.

OUTFRONT Media (NYSE:OUT) last posted its earnings results on Thursday, May 8th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. Analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend is Friday, June 6th. OUTFRONT Media’s payout ratio is presently 78.95%.

Wall Street Analyst Weigh In

OUT has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, May 9th. Morgan Stanley decreased their price target on shares of OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. StockNews.com downgraded shares of OUTFRONT Media from a “hold” rating to a “sell” rating in a research note on Monday, May 12th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.97.

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.