Waterloo Capital L.P. boosted its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT – Free Report) by 199.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 108,263 shares of the financial services provider’s stock after acquiring an additional 72,117 shares during the quarter. Waterloo Capital L.P.’s holdings in OUTFRONT Media were worth $2,609,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in OUTFRONT Media by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock worth $545,983,000 after buying an additional 1,131,954 shares during the last quarter. Goldman Sachs Group Inc. increased its position in OUTFRONT Media by 9.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after buying an additional 448,993 shares during the last quarter. Wellington Management Group LLP increased its position in OUTFRONT Media by 15.3% during the third quarter. Wellington Management Group LLP now owns 3,973,868 shares of the financial services provider’s stock worth $72,801,000 after buying an additional 527,258 shares during the last quarter. Geode Capital Management LLC increased its position in OUTFRONT Media by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,738,362 shares of the financial services provider’s stock worth $90,106,000 after buying an additional 127,117 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in OUTFRONT Media by 10.5% during the second quarter. Qube Research & Technologies Ltd now owns 2,888,621 shares of the financial services provider’s stock worth $47,142,000 after buying an additional 275,023 shares during the last quarter.
Insider Buying and Selling at OUTFRONT Media
In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $26.93, for a total transaction of $303,528.03. Following the completion of the sale, the director directly owned 36,244 shares in the company, valued at $976,050.92. This represents a 23.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matthew Siegel sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total value of $1,289,500.00. Following the sale, the executive vice president owned 289,925 shares of the company’s stock, valued at $7,477,165.75. The trade was a 14.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.47% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Report on OUT
OUTFRONT Media Trading Down 0.1%
Shares of OUT stock opened at $32.22 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90. The stock has a market cap of $5.67 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 1.53 and a beta of 1.49. The stock has a 50 day simple moving average of $29.99 and a 200 day simple moving average of $26.64. OUTFRONT Media Inc. has a 1 year low of $15.45 and a 1 year high of $34.96.
OUTFRONT Media (NYSE:OUT – Get Free Report) last released its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The firm had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts predict that OUTFRONT Media Inc. will post 2.11 earnings per share for the current fiscal year.
OUTFRONT Media Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, June 5th. This represents a $1.20 annualized dividend and a yield of 3.7%. OUTFRONT Media’s dividend payout ratio is presently 114.29%.
About OUTFRONT Media
OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.
Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.
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