LSV Asset Management Reduces Holdings in OUTFRONT Media Inc. $OUT

LSV Asset Management decreased its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,045,291 shares of the financial services provider’s stock after selling 139,087 shares during the quarter. LSV Asset Management’s holdings in OUTFRONT Media were worth $49,292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OUT. AQR Capital Management LLC boosted its holdings in shares of OUTFRONT Media by 9.3% in the first 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 holdings in shares of OUTFRONT Media by 2.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider’s stock worth $1,388,000 after buying an additional 1,739 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in OUTFRONT Media by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after acquiring an additional 448,993 shares during the period. Empowered Funds LLC raised its stake in 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 during the period. Finally, Woodline Partners LP raised its stake in 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 during the period.

Analysts Set New Price Targets

A number of equities research analysts have commented on OUT shares. Morgan Stanley set a $37.00 target price on shares of OUTFRONT Media in a research note on Friday, May 8th. Wall Street Zen cut shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 17th. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, TD Cowen restated a “buy” rating and set a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, OUTFRONT Media has a consensus rating of “Moderate Buy” and a consensus price target of $30.71.

OUTFRONT Media Trading Down 0.1%

OUTFRONT Media stock opened at $33.55 on Monday. The stock has a market cap of $5.91 billion, a P/E ratio of 31.95, a PEG ratio of 1.61 and a beta of 1.50. 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 $15.45 and a 1 year high of $34.96. The firm’s 50 day moving average price is $29.40 and its 200-day moving average price is $26.14.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. The firm had revenue of $429.60 million for the quarter, compared to analysts’ expectations of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. On average, equities analysts predict that OUTFRONT Media Inc. will post 2.08 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 5th. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 114.29%.

Insider Activity at OUTFRONT Media

In other news, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $26.93, for a total transaction of $303,528.03. Following the sale, the director owned 36,244 shares in the company, valued at $976,050.92. This trade represents a 23.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Matthew Siegel sold 50,000 shares of OUTFRONT Media stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the sale, the executive vice president owned 289,925 shares in the company, valued at approximately $7,477,165.75. The trade was a 14.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.47% of the company’s stock.

OUTFRONT Media Profile

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.