Outfront Media Inc (OUT) : First Mercantile Trust Co scooped up 25,740 additional shares in Outfront Media Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 40,490 shares of Outfront Media Inc which is valued at $915,884.Outfront Media Inc makes up approximately 0.12% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in OUT during the most recent quarter. The investment firm sold 11,480 shares of OUT which is valued $259,678.Independent Portfolio Consultants reduced its stake in OUT by selling 430 shares or 5.53% in the most recent quarter. The Hedge Fund company now holds 7,345 shares of OUT which is valued at $171,139. Outfront Media Inc makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in OUT in the latest quarter, The investment management firm added 5,018 additional shares and now holds a total of 13,814 shares of Outfront Media Inc which is valued at $321,866.
Outfront Media Inc closed down -0.66 points or -2.84% at $22.62 with 23,45,208 shares getting traded on Friday. Post opening the session at $23.32, the shares hit an intraday low of $22.52 and an intraday high of $23.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Outfront Media Inc reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.56. The company had revenue of $385.30 million for the quarter, compared to analysts expectations of $380.69 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on Outfront Media Inc. Loop Capital Initiated Outfront Media Inc on Sep 13, 2016 to “Hold”, Price Target of the shares are set at $23.Wedbush Initiated Outfront Media Inc on Jul 22, 2016 to “Neutral”, Price Target of the shares are set at $26.Gabelli & Co Initiated Outfront Media Inc on Jul 22, 2016 to “Hold”, Price Target of the shares are set at $29.
OUTFRONT Media Inc. formerly CBS Outdoor Americas Inc. is a provider of advertising space on out-of-home advertising structures and sites. The Company operates in over 180 markets in the United States Canada and Latin America. In addition to leasing displays the Company also provides other services to its customers such as pre-campaign category research creative design support and post-campaign tracking and analytics. It manages its business through two segments United States and International. The United States segment includes the Company’s business in 25 markets in the United States. The Company’s portfolio includes sites such as the Bay Bridge in San Francisco various locations along Sunset Boulevard in Los Angeles and various sites in and around both Grand Central Station and Times Square in New York. The Company’s International segment includes its operations in Canada and Latin America including Mexico Argentina Brazil Chile and Uruguay.