Peregrine Capital Management LLC Sells 1,818 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Peregrine Capital Management LLC lessened its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 527,873 shares of the financial services provider’s stock after selling 1,818 shares during the period. Peregrine Capital Management LLC’s holdings in OUTFRONT Media were worth $7,549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC bought a new stake in shares of OUTFRONT Media during the fourth quarter worth about $2,370,000. Charles Schwab Investment Management Inc. grew its holdings in shares of OUTFRONT Media by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,866,788 shares of the financial services provider’s stock worth $40,020,000 after purchasing an additional 91,139 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of OUTFRONT Media during the fourth quarter worth about $2,116,000. Lasalle Investment Management Securities LLC grew its holdings in shares of OUTFRONT Media by 17.3% during the first quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock worth $47,733,000 after purchasing an additional 419,706 shares during the last quarter. Finally, Duality Advisers LP bought a new stake in shares of OUTFRONT Media during the first quarter worth about $944,000.

Analyst Upgrades and Downgrades

OUT has been the topic of several research reports. TD Cowen initiated coverage on OUTFRONT Media in a report on Tuesday, July 16th. They set a “hold” rating and a $16.00 price target on the stock. Barrington Research lifted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. StockNews.com raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, OUTFRONT Media presently has an average rating of “Hold” and a consensus price target of $16.00.

OUTFRONT Media Trading Up 0.2 %

Shares of OUTFRONT Media stock traded up $0.04 during midday trading on Friday, reaching $17.04. The company had a trading volume of 1,826,468 shares, compared to its average volume of 1,743,680. The stock has a fifty day moving average price of $15.35 and a 200 day moving average price of $15.12. The company has a debt-to-equity ratio of 5.08, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $2.83 billion, a PE ratio of -6.41, a P/E/G ratio of 1.02 and a beta of 1.92. OUTFRONT Media Inc. has a fifty-two week low of $8.18 and a fifty-two week high of $17.27.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.60. The firm had revenue of $477.30 million for the quarter, compared to analyst estimates of $482.27 million. OUTFRONT Media had a negative return on equity of 72.77% and a negative net margin of 23.38%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. On average, equities analysts anticipate that OUTFRONT Media Inc. will post 1.55 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend is Friday, September 6th. OUTFRONT Media’s payout ratio is -45.11%.

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