Evoke Wealth LLC Acquires Shares of 62,261 OUTFRONT Media Inc. $OUT

Evoke Wealth LLC acquired a new stake in shares of OUTFRONT Media Inc. (NYSE:OUT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 62,261 shares of the financial services provider’s stock, valued at approximately $1,500,000.

Other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in OUTFRONT Media during the third quarter valued at approximately $29,000. Farther Finance Advisors LLC boosted its holdings in shares of OUTFRONT Media by 157.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,431 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of OUTFRONT Media by 16.5% in the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 582 shares in the last quarter. State of Wyoming boosted its holdings in shares of OUTFRONT Media by 155.5% in the 2nd quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 4,853 shares in the last quarter. Finally, Rossby Financial LCC boosted its holdings in shares of OUTFRONT Media by 14.2% in 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.

OUTFRONT Media Stock Performance

OUT stock opened at $33.55 on Friday. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50 day moving average price of $29.40 and a 200 day moving average price of $26.08. OUTFRONT Media Inc. has a fifty-two week low of $15.45 and a fifty-two week high of $34.96. The stock has a market capitalization of $5.91 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 1.61 and a beta of 1.50.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share 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 firm had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. During the same quarter in the previous year, the company posted $0.14 EPS. OUTFRONT Media’s revenue was up 10.0% on a year-over-year basis. Analysts forecast that OUTFRONT Media Inc. will post 2.08 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, June 5th. OUTFRONT Media’s payout ratio is 114.29%.

Insider Activity at OUTFRONT Media

In related news, EVP Matthew Siegel sold 50,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 289,925 shares in the company, valued at $7,477,165.75. The trade was a 14.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 36,244 shares of the company’s stock, valued at $976,050.92. This trade represents a 23.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a report on Friday, May 8th. Zacks Research downgraded OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Wall Street Zen downgraded OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 17th. Wells Fargo & Company boosted their target price on OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, TD Cowen reissued a “buy” rating and issued a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average 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.