Nordea Investment Management AB Sells 63,970 Shares of OUTFRONT Media Inc. $OUT

Nordea Investment Management AB lessened its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 410,085 shares of the financial services provider’s stock after selling 63,970 shares during the period. Nordea Investment Management AB’s holdings in OUTFRONT Media were worth $9,887,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OUT. Advisory Services Network LLC acquired a new position in OUTFRONT Media during the third quarter worth $29,000. Private Trust Co. NA bought a new position in OUTFRONT Media during the third quarter valued at about $33,000. IFP Advisors Inc lifted its position 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 worth $78,000 after buying an additional 582 shares during the last quarter. State of Wyoming lifted its position in shares of OUTFRONT Media by 155.5% in the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock worth $130,000 after buying an additional 4,853 shares during the last quarter. Finally, Rossby Financial LCC boosted its stake in shares of OUTFRONT Media by 14.2% during the 3rd quarter. Rossby Financial LCC now owns 7,942 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 989 shares in the last quarter.

Analyst Ratings Changes

OUT has been the topic of a number of analyst reports. Barrington Research increased their price objective on OUTFRONT Media from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Zacks Research lowered OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Morgan Stanley raised OUTFRONT Media from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $20.00 to $28.00 in a research report on Tuesday, December 16th. TD Cowen increased 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. Finally, Wells Fargo & Company lifted their price target on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.86.

OUTFRONT Media Stock Down 1.3%

OUT stock opened at $27.10 on Thursday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.92 and a quick ratio of 0.92. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $29.27. The company has a 50-day moving average of $26.34 and a two-hundred day moving average of $22.76. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51.

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

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a yield of 4.4%. OUTFRONT Media’s dividend payout ratio (DPR) is 150.00%.

Insider Buying and Selling

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $26.93, for a total value of $303,528.03. Following the transaction, the director directly owned 36,244 shares of the company’s stock, valued at $976,050.92. The trade was a 23.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by corporate insiders.

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.