OUTFRONT Media Inc. (NYSE:OUT – Get Free Report) EVP Richard Sauer sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $31.35, for a total transaction of $156,750.00. Following the completion of the transaction, the executive vice president owned 86,947 shares of the company’s stock, valued at $2,725,788.45. This represents a 5.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
OUTFRONT Media Trading Up 0.1%
Shares of OUT stock opened at $31.20 on Friday. OUTFRONT Media Inc. has a fifty-two week low of $15.45 and a fifty-two week high of $34.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. The stock has a 50-day simple moving average of $31.26 and a 200 day simple moving average of $27.53. The stock has a market capitalization of $5.49 billion, a P/E ratio of 29.71, a P/E/G ratio of 1.47 and a beta of 1.49.
OUTFRONT Media (NYSE:OUT – Get Free Report) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $429.60 million for the quarter, compared to analysts’ expectations of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. On average, sell-side analysts expect that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.
OUTFRONT Media Announces Dividend
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Balyasny Asset Management L.P. grew its position in OUTFRONT Media by 226.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,310,195 shares of the financial services provider’s stock valued at $55,676,000 after purchasing an additional 1,603,315 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 purchasing an additional 1,131,954 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of OUTFRONT Media by 85.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,788,695 shares of the financial services provider’s stock worth $29,192,000 after acquiring an additional 822,845 shares during the last quarter. Woodline Partners LP bought a new position in OUTFRONT Media during the third quarter worth $13,705,000. Finally, Federated Hermes Inc. grew its stake in OUTFRONT Media by 199.9% in the 4th quarter. Federated Hermes Inc. now owns 905,641 shares of the financial services provider’s stock valued at $21,826,000 after buying an additional 603,694 shares during the last quarter.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on OUT shares. Zacks Research lowered OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company increased their price objective on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Barrington Research set a $38.00 target price on OUTFRONT Media in a research report on Tuesday, May 12th. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a research report on Friday, May 8th. Finally, TD Cowen reissued a “buy” rating and issued a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.71.
Check Out Our Latest Report on OUTFRONT Media
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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