Outfront Media Inc (OUT) : Rex Capital Advisors has sold out all of its stake in Outfront Media Inc during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 10,178 shares of Outfront Media Inc which is valued at $227,784.
Other Hedge Funds, Including , Comerica Bank reduced its stake in OUT by selling 5,173 shares or 4.4% in the most recent quarter. The Hedge Fund company now holds 112,484 shares of OUT which is valued at $2,517,392. Outfront Media Inc makes up approx 0.02% of Comerica Bank’s portfolio.Huntington National Bank reduced its stake in OUT by selling 205 shares or 16.78% in the most recent quarter. The Hedge Fund company now holds 1,017 shares of OUT which is valued at $23,859.Blb&b Advisors boosted its stake in OUT in the latest quarter, The investment management firm added 2,187 additional shares and now holds a total of 24,769 shares of Outfront Media Inc which is valued at $597,428. Outfront Media Inc makes up approx 0.11% of Blb&b Advisors’s portfolio. Creative Planning sold out all of its stake in OUT during the most recent quarter. The investment firm sold 1,798 shares of OUT which is valued $43,350.
Outfront Media Inc opened for trading at $22.23 and hit $22.47 on the upside on Tuesday, eventually ending the session at $22.44, with a gain of 1.68% or 0.37 points. The heightened volatility saw the trading volume jump to 6,67,273 shares. Company has a market cap of $3,096 M.
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.
Investors should note that on Jul 27, 2016, Outfront Media Inc announced a cash dividend of $0.3400. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 30, 2016.
Many Wall Street Analysts have commented on Outfront Media Inc. 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.