Outfront Media Inc (OUT) : Ardsley Advisory Partners reduced its stake in Outfront Media Inc by 4.65% during the most recent quarter end. The investment management company now holds a total of 615,000 shares of Outfront Media Inc which is valued at $13,763,700 after selling 30,000 shares in Outfront Media Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Outfront Media Inc makes up approximately 2.51% of Ardsley Advisory Partners’s portfolio.
Other Hedge Funds, Including , Price T Rowe Associates Inc Md boosted its stake in OUT in the latest quarter, The investment management firm added 9,530 additional shares and now holds a total of 909,005 shares of Outfront Media Inc which is valued at $20,343,532.B.s. Pension Fund Trustee Ltd Acting For The British Stee… reduced its stake in OUT by selling 14,134 shares or 43.11% in the most recent quarter. The Hedge Fund company now holds 18,655 shares of OUT which is valued at $417,499. Outfront Media Inc makes up approx 0.06% of B.s. Pension Fund Trustee Ltd Acting For The British Stee…’s portfolio.Cwh Capital Management reduced its stake in OUT by selling 980 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 190,345 shares of OUT which is valued at $4,259,921. Outfront Media Inc makes up approx 2.96% of Cwh Capital Management’s portfolio.Blackrock Group Ltd reduced its stake in OUT by selling 174,900 shares or 59.46% in the most recent quarter. The Hedge Fund company now holds 119,239 shares of OUT which is valued at $2,668,569.Ims Capital Management boosted its stake in OUT in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 17,450 shares of Outfront Media Inc which is valued at $400,303. Outfront Media Inc makes up approx 0.45% of Ims Capital Management’s portfolio.
Outfront Media Inc closed down -0.22 points or -0.99% at $22.1 with 3,59,841 shares getting traded on Thursday. Post opening the session at $22.3, the shares hit an intraday low of $22.05 and an intraday high of $22.4901 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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.