OUTFRONT Media Inc. $OUT Shares Sold by III Capital Management

III Capital Management trimmed its position in OUTFRONT Media Inc. (NYSE:OUT) by 83.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,300 shares of the financial services provider’s stock after selling 196,094 shares during the period. III Capital Management’s holdings in OUTFRONT Media were worth $947,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of OUT. Advisory Services Network LLC acquired a new stake in OUTFRONT Media in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC boosted its stake in OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in OUTFRONT Media in the fourth quarter valued at approximately $71,000. IFP Advisors Inc boosted its stake in OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 582 shares in the last quarter. Finally, State of Wyoming boosted its stake in OUTFRONT Media by 155.5% in the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 4,853 shares in the last quarter.

OUTFRONT Media Trading Down 0.2%

NYSE:OUT opened at $31.17 on Thursday. OUTFRONT Media Inc. has a 12 month low of $15.45 and a 12 month high of $34.96. The firm has a fifty day simple moving average of $31.13 and a 200-day simple moving average of $27.45. 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 company has a market capitalization of $5.49 billion, a P/E ratio of 29.69, a PEG ratio of 1.48 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $431.44 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities research analysts anticipate that OUTFRONT Media Inc. will post 2.12 earnings per share for the current year.

OUTFRONT Media Announces Dividend

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 paid a dividend of $0.30 per share. 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%.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, EVP James Michael Norton bought 4,130 shares of OUTFRONT Media stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $30.81 per share, with a total value of $127,245.30. Following the completion of the acquisition, the executive vice president directly owned 4,130 shares in the company, valued at approximately $127,245.30. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Manuel A. Diaz sold 11,271 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $26.93, for a total transaction of $303,528.03. Following the transaction, the director directly owned 36,244 shares of the company’s stock, valued at approximately $976,050.92. This trade represents a 23.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 71,271 shares of company stock worth $1,906,578. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OUT shares. Wells Fargo & Company raised their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Morgan Stanley set a $37.00 target price on shares of OUTFRONT Media in a research note on Friday, May 8th. Zacks Research downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.71.

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.