Boothbay Fund Management LLC Buys 190,990 Shares of OUTFRONT Media Inc. $OUT

Boothbay Fund Management LLC grew its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 38.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 684,027 shares of the financial services provider’s stock after purchasing an additional 190,990 shares during the quarter. Boothbay Fund Management LLC’s holdings in OUTFRONT Media were worth $16,485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GRS Advisors LLC increased its position in OUTFRONT Media by 12.8% in the third quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock worth $45,218,000 after purchasing an additional 279,326 shares during the last quarter. Barnett & Company Inc. bought a new stake in OUTFRONT Media in the third quarter worth $1,519,000. Polar Asset Management Partners Inc. bought a new stake in OUTFRONT Media in the third quarter worth $5,622,000. Burney Co. bought a new stake in OUTFRONT Media in the fourth quarter worth $735,000. Finally, BTC Capital Management Inc. bought a new stake in OUTFRONT Media in the fourth quarter worth $3,625,000.

Insider Transactions at OUTFRONT Media

In other news, EVP James Michael Norton acquired 4,130 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $30.81 per share, for a total transaction of $127,245.30. Following the completion of the acquisition, the executive vice president directly owned 4,130 shares of the company’s stock, valued at $127,245.30. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Matthew Siegel sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the completion of the transaction, the executive vice president owned 289,925 shares of the company’s stock, valued at $7,477,165.75. This represents a 14.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 71,271 shares of company stock valued at $1,906,578. Insiders own 0.47% of the company’s stock.

OUTFRONT Media Stock Down 0.2%

Shares of OUT opened at $31.17 on Thursday. The firm has a market capitalization of $5.49 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.48 and a beta of 1.49. OUTFRONT Media Inc. has a 12-month low of $15.45 and a 12-month high of $34.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90. The firm has a fifty day moving average price of $31.13 and a 200-day moving average price of $27.45.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. Equities research analysts expect that OUTFRONT Media Inc. will post 2.12 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, June 5th. OUTFRONT Media’s payout ratio is presently 114.29%.

Analyst Ratings Changes

OUT has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Wall Street Zen raised shares of OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Morgan Stanley set a $37.00 price objective on shares of OUTFRONT Media in a research note on Friday, May 8th. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Finally, TD Cowen reaffirmed a “buy” rating and set a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.71.

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.