State of Wyoming Increases Position in OUTFRONT Media Inc. $OUT

State of Wyoming grew its position in shares of OUTFRONT Media Inc. (NYSE:OUTFree Report) by 94.1% during the first quarter, Holdings Channel reports. The firm owned 40,614 shares of the financial services provider’s stock after acquiring an additional 19,692 shares during the quarter. State of Wyoming’s holdings in OUTFRONT Media were worth $1,076,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of OUT. Advisory Services Network LLC purchased a new position in OUTFRONT Media during the 3rd quarter valued at about $29,000. Farther Finance Advisors LLC boosted its stake in shares of OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,431 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of OUTFRONT Media in the fourth quarter valued at approximately $71,000. IFP Advisors Inc grew its holdings in shares of OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 582 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in OUTFRONT Media by 45.4% during the 2nd quarter. Osaic Holdings Inc. now owns 9,126 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,851 shares during the period.

OUTFRONT Media Stock Performance

NYSE OUT opened at $31.88 on Thursday. The company has a market capitalization of $5.61 billion, a P/E ratio of 30.36, a PEG ratio of 1.51 and a beta of 1.48. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82. OUTFRONT Media Inc. has a 1-year low of $16.64 and a 1-year high of $34.96. The business has a 50 day moving average price of $32.24 and a 200 day moving average price of $29.01.

OUTFRONT Media (NYSE:OUTGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.28 by $0.06. The business had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. Sell-side analysts expect that OUTFRONT Media Inc. will post 2.12 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were given a dividend of $0.30 per share. The ex-dividend date was Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. OUTFRONT Media’s payout ratio is presently 114.29%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OUT. Barrington Research set a $38.00 price objective on OUTFRONT Media in a research report on Tuesday, May 12th. TD Cowen reiterated a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $38.00 target price on shares of OUTFRONT Media in a research report on Wednesday. Wall Street Zen upgraded OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Finally, Morgan Stanley set a $37.00 price target on OUTFRONT Media in a research report on Friday, May 8th. Six investment 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, OUTFRONT Media currently has a consensus rating of “Moderate Buy” and an average price target of $32.57.

Check Out Our Latest Stock Analysis on OUTFRONT Media

Insider Activity

In other OUTFRONT Media news, EVP Richard H. Sauer sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the sale, the executive vice president owned 56,947 shares of the company’s stock, valued at $1,826,859.76. This represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Michael Norton purchased 4,130 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the completion of the transaction, the executive vice president directly owned 4,130 shares of the company’s stock, valued at approximately $127,245.30. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 20,000 shares of company stock worth $629,600 in the last ninety days. Insiders own 0.45% of the company’s stock.

OUTFRONT Media Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

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