Nisa Investment Advisors LLC Sells 54,793 Shares of OUTFRONT Media Inc. $OUT

Nisa Investment Advisors LLC reduced its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 51.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,647 shares of the financial services provider’s stock after selling 54,793 shares during the quarter. Nisa Investment Advisors LLC’s holdings in OUTFRONT Media were worth $859,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in OUTFRONT Media by 8.5% during the first quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 722 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in shares of OUTFRONT Media by 1.8% during the second quarter. Maryland State Retirement & Pension System now owns 40,753 shares of the financial services provider’s stock valued at $665,000 after buying an additional 740 shares during the period. Yousif Capital Management LLC boosted its position in shares of OUTFRONT Media by 1.6% during the second quarter. Yousif Capital Management LLC now owns 51,633 shares of the financial services provider’s stock valued at $843,000 after buying an additional 791 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of OUTFRONT Media by 0.5% during the second quarter. Asset Management One Co. Ltd. now owns 200,228 shares of the financial services provider’s stock valued at $3,268,000 after buying an additional 910 shares during the period. Finally, M&T Bank Corp boosted its position in shares of OUTFRONT Media by 12.4% during the first quarter. M&T Bank Corp now owns 12,665 shares of the financial services provider’s stock valued at $204,000 after buying an additional 1,397 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley boosted their target price on OUTFRONT Media from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Barrington Research restated an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Tuesday, September 23rd. Wells Fargo & Company restated an “overweight” rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. Finally, Wall Street Zen upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.00.

Insider Buying and Selling

In related news, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $18.06, for a total value of $151,704,000.00. Following the completion of the transaction, the insider owned 8,913,813 shares of the company’s stock, valued at $160,983,462.78. The trade was a 48.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark Emilio Bonanni sold 4,126 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $19.38, for a total transaction of $79,961.88. Following the completion of the transaction, the executive vice president directly owned 4,170 shares of the company’s stock, valued at $80,814.60. This trade represents a 49.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is currently owned by insiders.

OUTFRONT Media Stock Up 2.9%

Shares of NYSE OUT opened at $17.73 on Friday. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 1.03 and a beta of 1.84. The stock has a 50 day moving average price of $18.25 and a 200 day moving average price of $17.21. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $19.80.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $460.20 million during the quarter, compared to analyst estimates of $463.16 million. OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%.OUTFRONT Media’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. Sell-side analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $0.30 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.8%. OUTFRONT Media’s payout ratio is presently 206.90%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.