Strs Ohio Buys 39,200 Shares of OUTFRONT Media Inc. $OUT

Strs Ohio boosted its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 452,529 shares of the financial services provider’s stock after buying an additional 39,200 shares during the quarter. Strs Ohio owned approximately 0.27% of OUTFRONT Media worth $7,385,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OUT. SVB Wealth LLC acquired a new position in OUTFRONT Media during the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in OUTFRONT Media by 158.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,041 shares in the last quarter. IFP Advisors Inc lifted its holdings in OUTFRONT Media by 97.6% during the 1st quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider’s stock worth $113,000 after buying an additional 3,313 shares in the last quarter. Rossby Financial LCC lifted its holdings in OUTFRONT Media by 42.4% during the 2nd quarter. Rossby Financial LCC now owns 6,953 shares of the financial services provider’s stock worth $113,000 after buying an additional 2,071 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in OUTFRONT Media by 113.7% during the 2nd quarter. GAMMA Investing LLC now owns 7,964 shares of the financial services provider’s stock worth $130,000 after buying an additional 4,238 shares in the last quarter.

OUTFRONT Media Trading Up 2.9%

Shares of NYSE OUT opened at $17.73 on Monday. The company’s 50 day simple moving average is $18.25 and its 200 day simple moving average is $17.23. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.80. The firm has a market capitalization of $2.96 billion, a P/E ratio of 30.33, a P/E/G ratio of 1.03 and a beta of 1.84. The company has a debt-to-equity ratio of 4.60, a current ratio of 0.61 and a quick ratio of 0.61.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $460.20 million for the quarter, compared to analyst estimates of $463.16 million. OUTFRONT Media had a net margin of 5.99% and a return on equity of 18.07%. OUTFRONT Media’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. On average, analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 annualized dividend and a yield of 6.8%. OUTFRONT Media’s dividend payout ratio (DPR) is 206.90%.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the stock in a transaction 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 sale, the insider directly owned 8,913,813 shares in the company, valued at approximately $160,983,462.78. This trade represents a 48.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark Emilio Bonanni sold 4,126 shares of the stock in a transaction 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 sale, the executive vice president owned 4,170 shares in the company, valued at approximately $80,814.60. This trade represents a 49.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

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

About OUTFRONT Media

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.