Axa S.A. Cuts Holdings in Outfront Media Inc. (REIT) (NYSE:OUT)

Axa S.A. trimmed its holdings in shares of Outfront Media Inc. (REIT) (NYSE:OUT) by 19.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 302,000 shares of the financial services provider’s stock after selling 74,300 shares during the period. Axa S.A. owned approximately 0.21% of Outfront Media worth $7,257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. ValueAct Holdings L.P. purchased a new stake in Outfront Media during the 1st quarter valued at $3,437,000. Eagle Bay Advisors LLC purchased a new stake in Outfront Media during the 2nd quarter valued at $46,000. Bank of Montreal Can boosted its stake in Outfront Media by 63.0% during the 1st quarter. Bank of Montreal Can now owns 3,298 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,275 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Outfront Media by 37.0% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 162,015 shares of the financial services provider’s stock valued at $3,893,000 after purchasing an additional 43,795 shares during the last quarter. Finally, Putnam Investments LLC bought a new position in shares of Outfront Media during the 1st quarter valued at $21,243,000. Institutional investors and hedge funds own 98.73% of the company’s stock.

In related news, CEO Jeremy J. Male sold 40,000 shares of the firm’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $25.09, for a total value of $1,003,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter Mathes sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 25th. The stock was sold at an average price of $24.61, for a total value of $123,050.00. Following the completion of the transaction, the director now directly owns 38,307 shares in the company, valued at $942,735.27. The disclosure for this sale can be found here. Insiders have sold a total of 53,000 shares of company stock worth $1,326,730 over the last three months. Insiders own 0.71% of the company’s stock.

NYSE OUT opened at $26.27 on Thursday. The business’s fifty day moving average price is $24.53 and its 200-day moving average price is $23.86. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of -35.99 and a beta of 1.92. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.67 and a quick ratio of 1.67. Outfront Media Inc. has a 1-year low of $12.88 and a 1-year high of $26.74.

Outfront Media (NYSE:OUT) last released its quarterly earnings results on Thursday, August 5th. The financial services provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.15). Outfront Media had a negative net margin of 6.39% and a negative return on equity of 8.11%. Equities research analysts anticipate that Outfront Media Inc. will post 0.74 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Friday, September 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, September 2nd. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. Outfront Media’s payout ratio is 59.70%.

Outfront Media Profile

OUTFRONT Media, Inc engages in the provision of leasing services of 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 and roadways; and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.

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

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