OUTFRONT Media Inc. (NYSE:OUT) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its stake in OUTFRONT Media Inc. (NYSE:OUT) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,222 shares of the financial services provider’s stock after acquiring an additional 1,220 shares during the period. Oppenheimer Asset Management Inc.’s holdings in OUTFRONT Media were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in OUT. Quest Partners LLC raised its holdings in OUTFRONT Media by 30.0% during the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 994 shares in the last quarter. Foundry Partners LLC bought a new stake in shares of OUTFRONT Media in the 2nd quarter worth $600,000. National Bank of Canada FI acquired a new stake in shares of OUTFRONT Media in the second quarter valued at $28,000. Rhumbline Advisers boosted its stake in OUTFRONT Media by 0.9% during the second quarter. Rhumbline Advisers now owns 496,221 shares of the financial services provider’s stock valued at $7,096,000 after buying an additional 4,193 shares in the last quarter. Finally, Bailard Inc. acquired a new position in OUTFRONT Media during the second quarter worth about $180,000.

OUTFRONT Media Price Performance

OUT opened at $18.25 on Friday. The firm has a market capitalization of $3.03 billion, a P/E ratio of -6.86, a PEG ratio of 1.10 and a beta of 1.94. The stock has a fifty day moving average of $16.14 and a 200-day moving average of $15.46. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.71. OUTFRONT Media Inc. has a 12-month low of $8.18 and a 12-month high of $18.65.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.60. The firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $482.27 million. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. Equities analysts forecast that OUTFRONT Media Inc. will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.20 dividend on an annualized basis and a yield of 6.58%. OUTFRONT Media’s payout ratio is -45.11%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OUT. JPMorgan Chase & Co. upped their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. StockNews.com upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company assumed coverage on OUTFRONT Media in a research note on Thursday. They set an “overweight” rating and a $22.00 price objective for the company. TD Cowen started coverage on OUTFRONT Media in a report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price on the stock. Finally, Barrington Research upped their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, OUTFRONT Media presently has an average rating of “Moderate Buy” and a consensus target price of $17.20.

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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.