Sei Investments Co. Buys 105,946 Shares of OUTFRONT Media Inc. $OUT

Sei Investments Co. lifted its position in OUTFRONT Media Inc. (NYSE:OUT) by 13.8% in the first quarter, Holdings Channel reports. The firm owned 872,450 shares of the financial services provider’s stock after buying an additional 105,946 shares during the period. Sei Investments Co.’s holdings in OUTFRONT Media were worth $23,120,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of OUT. Vanguard Group Inc. increased its holdings in OUTFRONT Media by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock worth $545,983,000 after purchasing an additional 1,131,954 shares during the period. Cohen & Steers Inc. lifted its holdings in shares of OUTFRONT Media by 2.2% in the 4th quarter. Cohen & Steers Inc. now owns 22,314,228 shares of the financial services provider’s stock worth $537,779,000 after buying an additional 486,192 shares during the period. State Street Corp grew its position in shares of OUTFRONT Media by 2.1% during the 4th quarter. State Street Corp now owns 5,483,013 shares of the financial services provider’s stock worth $132,141,000 after buying an additional 111,084 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of 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 buying an additional 448,993 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of OUTFRONT Media by 8.4% during the fourth quarter. Wellington Management Group LLP now owns 4,309,133 shares of the financial services provider’s stock valued at $103,850,000 after buying an additional 335,265 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. restated an “overweight” rating and issued a $38.00 price objective on shares of OUTFRONT Media in a report on Wednesday, July 22nd. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a report on Friday, May 8th. TD Cowen reiterated 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. Finally, Wall Street Zen lowered shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Sunday. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, OUTFRONT Media has an average rating of “Moderate Buy” and a consensus target price of $32.57.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, EVP James Michael Norton acquired 4,130 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the acquisition, the executive vice president owned 4,130 shares in the company, valued at approximately $127,245.30. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard H. Sauer sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total value of $160,400.00. Following the completion of the sale, the executive vice president directly owned 56,947 shares of the company’s stock, valued at $1,826,859.76. The trade was a 8.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 20,000 shares of company stock worth $629,600 over the last ninety days. Corporate insiders own 0.45% of the company’s stock.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock opened at $32.36 on Wednesday. The company has a market capitalization of $5.70 billion, a PE ratio of 30.82, a P/E/G ratio of 1.53 and a beta of 1.48. The company has a 50-day simple moving average of $32.24 and a two-hundred day simple moving average of $29.24. OUTFRONT Media Inc. has a one year low of $16.64 and a one year high of $34.96. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The business had revenue of $429.60 million for the quarter, compared to analysts’ expectations of $431.44 million. During the same period last year, the business earned $0.14 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. Research analysts expect that OUTFRONT Media Inc. will post 2.11 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, June 5th. OUTFRONT Media’s dividend payout ratio (DPR) is 114.29%.

OUTFRONT Media Company 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.