OUTFRONT Media Inc. $OUT Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 748,535 shares of the financial services provider’s stock after selling 58,000 shares during the period. First Eagle Investment Management LLC’s holdings in OUTFRONT Media were worth $18,040,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew 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 acquiring an additional 1,131,954 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings 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 in the last quarter. Wellington Management Group LLP grew its holdings in OUTFRONT Media by 15.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,973,868 shares of the financial services provider’s stock worth $72,801,000 after acquiring an additional 527,258 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in OUTFRONT Media by 10.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,888,621 shares of the financial services provider’s stock worth $47,142,000 after acquiring an additional 275,023 shares in the last quarter. Finally, GRS Advisors LLC grew its holdings in OUTFRONT Media by 12.8% during the 3rd quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock worth $45,218,000 after acquiring an additional 279,326 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OUT. Barrington Research raised their price objective on shares of OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. TD Cowen raised their price objective on shares of OUTFRONT Media from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Wall Street Zen raised shares of OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday. Wells Fargo & Company raised their price objective on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Morgan Stanley set a $37.00 price objective on shares of OUTFRONT Media in a report on Friday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Transactions at OUTFRONT Media

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

OUTFRONT Media Trading Down 5.1%

OUTFRONT Media stock opened at $32.19 on Tuesday. The firm’s 50-day moving average is $28.71 and its 200-day moving average is $25.20. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.92 and a current ratio of 0.82. OUTFRONT Media Inc. has a 1 year low of $15.41 and a 1 year high of $34.96. The company has a market cap of $5.67 billion, a P/E ratio of 30.65, a PEG ratio of 1.63 and a beta of 1.50.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping 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 company had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. During the same period last year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities analysts expect that OUTFRONT Media Inc. will post 2.08 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, June 5th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 114.29%.

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.