Hsbc Holdings PLC Increases Stock Position in Outfront Media Inc. (NYSE:OUT)

Hsbc Holdings PLC grew its position in Outfront Media Inc. (NYSE:OUT – Get Rating) by 33.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166,607 shares of the financial services provider’s stock after acquiring an additional 41,941 shares during the period. Hsbc Holdings PLC’s holdings in Outfront Media were worth $2,529,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC acquired a new position in Outfront Media during the first quarter worth $28,000. Quantbot Technologies LP purchased a new position in Outfront Media in the 1st quarter valued at about $41,000. C M Bidwell & Associates Ltd. acquired a new stake in Outfront Media in the 2nd quarter worth about $38,000. Captrust Financial Advisors purchased a new stake in Outfront Media during the 2nd quarter worth approximately $80,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Outfront Media during the first quarter valued at approximately $206,000.

Analyst Upgrades and Downgrades

OUT has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Outfront Media from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, February 23rd. Barrington Research reissued an “outperform” rating and issued a $24.00 price target on shares of Outfront Media in a research note on Thursday, February 23rd. Citigroup dropped their price objective on shares of Outfront Media from $27.00 to $25.00 in a research note on Monday. StockNews.com cut Outfront Media from a “hold” rating to a “sell” rating in a report on Friday, November 4th. Finally, Morgan Stanley cut their price target on Outfront Media from $22.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, December 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Outfront Media Stock Up 3.2 %

Shares of NYSE OUT opened at $17.64 on Tuesday. The company has a market capitalization of $2.91 billion, a P/E ratio of 21.78, a P/E/G ratio of 0.83 and a beta of 1.71. Outfront Media Inc. has a 1 year low of $14.97 and a 1 year high of $29.36. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.71 and a quick ratio of 0.71. The company has a 50 day simple moving average of $18.42 and a 200-day simple moving average of $17.92.

Outfront Media (NYSE:OUT – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.30). The company had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $495.37 million. Outfront Media had a net margin of 8.35% and a return on equity of 12.13%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. On average, equities research analysts predict that Outfront Media Inc. will post 2.06 earnings per share for the current year.

Outfront Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 3rd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Thursday, March 2nd. Outfront Media’s dividend payout ratio is presently 148.15%.

About Outfront Media

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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.