AlphaCrest Capital Management LLC Has $296,000 Stock Position in Outfront Media Inc. (NYSE:OUT)

AlphaCrest Capital Management LLC reduced its stake in shares of Outfront Media Inc. (NYSE:OUT – Get Rating) by 54.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,455 shares of the financial services provider’s stock after selling 23,015 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Outfront Media were worth $296,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OUT. Lazard Asset Management LLC bought a new position in Outfront Media in the first quarter valued at about $28,000. Quantbot Technologies LP bought a new position in shares of Outfront Media during the first quarter worth about $41,000. C M Bidwell & Associates Ltd. bought a new position in shares of Outfront Media during the second quarter worth about $38,000. Captrust Financial Advisors bought a new position in shares of Outfront Media during the second quarter worth about $80,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Outfront Media during the first quarter worth about $206,000.

Outfront Media Trading Down 3.5 %

NYSE OUT opened at $15.90 on Friday. The business has a 50 day simple moving average of $18.54 and a 200 day simple moving average of $17.75. Outfront Media Inc. has a one year low of $14.97 and a one year high of $29.36. The stock has a market capitalization of $2.62 billion, a P/E ratio of 19.63, a P/E/G ratio of 0.88 and a beta of 1.72. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.71 and a quick ratio of 0.71.

Outfront Media (NYSE:OUT – Get Rating) last released its earnings results on Wednesday, February 22nd. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.30). Outfront Media had a return on equity of 12.13% and a net margin of 8.35%. The business had revenue of $494.70 million for the quarter, compared to analyst estimates of $495.37 million. During the same period in the prior year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts expect that Outfront Media Inc. will post 1.87 earnings per share for the current year.

Outfront Media Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 7.55%. Outfront Media’s dividend payout ratio (DPR) is presently 148.15%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OUT. Citigroup lowered their price objective on Outfront Media from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, February 27th. Barrington Research restated an “outperform” rating and set a $24.00 price objective on shares of Outfront Media in a research report on Thursday, February 23rd. JPMorgan Chase & Co. lowered their price objective on Outfront Media from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, February 23rd. Finally, Morgan Stanley decreased their target price on Outfront Media from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, December 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Outfront Media currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Outfront Media Profile

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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.