OUTFRONT Media Inc. $OUT Shares Purchased by Boothbay Fund Management LLC

Boothbay Fund Management LLC boosted its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 493,037 shares of the financial services provider’s stock after buying an additional 44,993 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.29% of OUTFRONT Media worth $9,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in OUTFRONT Media by 9.3% during the 1st quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider’s stock worth $2,105,000 after buying an additional 11,073 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of OUTFRONT Media by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider’s stock worth $1,388,000 after acquiring an additional 1,739 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of OUTFRONT Media by 9.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock valued at $80,393,000 after acquiring an additional 448,993 shares during the last quarter. Empowered Funds LLC raised its position in shares of OUTFRONT Media by 12.4% during the 1st quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 2,357 shares in the last quarter. Finally, Woodline Partners LP raised its position in shares of OUTFRONT Media by 45.6% during the 1st quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock worth $595,000 after acquiring an additional 11,559 shares in the last quarter.

Insider Buying and Selling

In related news, Director Manuel A. Diaz sold 11,271 shares of the stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $24.49, for a total transaction of $276,026.79. Following the completion of the sale, the director owned 47,515 shares in the company, valued at $1,163,642.35. This represents a 19.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by company insiders.

OUTFRONT Media Trading Down 0.9%

NYSE:OUT opened at $26.68 on Friday. The company has a market capitalization of $4.70 billion, a PE ratio of 33.35, a P/E/G ratio of 1.32 and a beta of 1.51. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $29.27. The stock’s 50 day moving average price is $25.90 and its 200 day moving average price is $22.29. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.63.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.16). The firm had revenue of $513.30 million during the quarter, compared to analysts’ expectations of $511.61 million. OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. On average, research analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given a $0.30 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.20 annualized dividend and a yield of 4.5%. OUTFRONT Media’s dividend payout ratio is 150.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. TD Cowen upped their price target on OUTFRONT Media from $24.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Morgan Stanley upgraded shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $20.00 to $28.00 in a research report on Tuesday, December 16th. Wall Street Zen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Barrington Research lifted their price target on shares of OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.86.

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.