Thrivent Financial for Lutherans Has $1.99 Million Position in OUTFRONT Media Inc. (NYSE:OUT)

Thrivent Financial for Lutherans cut its position in OUTFRONT Media Inc. (NYSE:OUT) by 10.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,185 shares of the financial services provider’s stock after selling 13,000 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of OUTFRONT Media worth $1,988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lasalle Investment Management Securities LLC raised its position in shares of OUTFRONT Media by 17.3% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock valued at $47,733,000 after buying an additional 419,706 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of OUTFRONT Media by 48.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider’s stock valued at $10,174,000 after buying an additional 232,300 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of OUTFRONT Media by 39,437.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 196,896 shares of the financial services provider’s stock valued at $3,619,000 after buying an additional 196,398 shares in the last quarter. SG Americas Securities LLC increased its position in OUTFRONT Media by 266.2% during the 2nd quarter. SG Americas Securities LLC now owns 48,711 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 35,409 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in OUTFRONT Media by 30.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 650,000 shares of the financial services provider’s stock worth $9,295,000 after purchasing an additional 150,000 shares in the last quarter.

OUTFRONT Media Trading Down 0.4 %

OUT opened at $19.20 on Friday. OUTFRONT Media Inc. has a fifty-two week low of $11.98 and a fifty-two week high of $19.50. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.24 and a beta of 1.94. The company’s 50 day moving average price is $18.43 and its two-hundred day moving average price is $16.34.

OUTFRONT Media (NYSE:OUT) last posted its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.20). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $451.90 million for the quarter, compared to the consensus estimate of $456.38 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that OUTFRONT Media Inc. will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be paid a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s dividend payout ratio is currently 87.59%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OUT. Wolfe Research cut shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Barrington Research reiterated an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Wells Fargo & Company began coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price objective for the company. Finally, StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, OUTFRONT Media presently has a consensus rating of “Hold” and a consensus target price of $19.25.

OUTFRONT Media Company 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.