Creative Planning Has $447,000 Position in OUTFRONT Media Inc. (NYSE:OUT)

Creative Planning increased its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,336 shares of the financial services provider’s stock after purchasing an additional 2,368 shares during the period. Creative Planning’s holdings in OUTFRONT Media were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. DigitalBridge Group Inc. lifted its holdings in OUTFRONT Media by 11.7% during the 2nd quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider’s stock worth $44,703,000 after purchasing an additional 327,125 shares during the last quarter. Lasalle Investment Management Securities LLC lifted its holdings in OUTFRONT Media by 17.3% during the 1st 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. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in OUTFRONT Media by 10.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider’s stock valued at $30,567,000 after acquiring an additional 210,208 shares in the last quarter. Land & Buildings Investment Management LLC acquired a new position in OUTFRONT Media in the 2nd quarter valued at $22,724,000. Finally, ZWJ Investment Counsel Inc. raised its holdings in OUTFRONT Media by 5.5% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 1,408,093 shares of the financial services provider’s stock valued at $20,136,000 after acquiring an additional 73,645 shares in the last quarter.

Wall Street Analysts Forecast Growth

OUT has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. TD Cowen initiated coverage on OUTFRONT Media in a report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price objective for the company. Wells Fargo & Company began coverage on OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective for the company. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Finally, Barrington Research boosted their price target on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, OUTFRONT Media currently has an average rating of “Hold” and an average price target of $18.50.

OUTFRONT Media Trading Down 0.4 %

NYSE OUT opened at $18.00 on Thursday. The business’s 50-day moving average price is $17.92 and its two-hundred day moving average price is $16.01. OUTFRONT Media Inc. has a 12 month low of $11.06 and a 12 month high of $19.33. The firm has a market capitalization of $2.99 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.16 and a beta of 1.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71.

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

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.