Fisher Asset Management LLC Has $10.46 Million Holdings in OUTFRONT Media Inc. $OUT

Fisher Asset Management LLC lessened its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 433,833 shares of the financial services provider’s stock after selling 18,390 shares during the period. Fisher Asset Management LLC’s holdings in OUTFRONT Media were worth $10,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. GRS Advisors LLC raised its stake in OUTFRONT Media by 12.8% in the 3rd quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock valued at $45,218,000 after acquiring an additional 279,326 shares during the period. Versor Investments LP bought a new stake in OUTFRONT Media in the 3rd quarter valued at $1,259,000. Barnett & Company Inc. bought a new stake in OUTFRONT Media in the 3rd quarter valued at $1,519,000. Polar Asset Management Partners Inc. bought a new stake in OUTFRONT Media in the 3rd quarter valued at $5,622,000. Finally, BTC Capital Management Inc. bought a new stake in OUTFRONT Media in the 4th quarter valued at $3,625,000.

OUTFRONT Media Stock Down 2.1%

OUT stock opened at $32.67 on Thursday. 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 stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 1.60 and a beta of 1.50. The business’s fifty day moving average price is $29.78 and its two-hundred day moving average price is $26.47. OUTFRONT Media Inc. has a fifty-two week low of $15.45 and a fifty-two week high of $34.96.

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. The firm had revenue of $429.60 million for the quarter, compared to analysts’ expectations of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS. On average, equities analysts anticipate that OUTFRONT Media Inc. will post 2.08 earnings per share for the current year.

OUTFRONT Media Announces Dividend

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

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of the 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 owned 36,244 shares in the company, valued at $976,050.92. This trade represents a 23.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matthew Siegel sold 50,000 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total value of $1,289,500.00. Following 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on OUT. Zacks Research cut OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen cut OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 17th. TD Cowen restated a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Barrington Research set a $38.00 price objective on OUTFRONT Media in a research report on Tuesday, May 12th. Finally, Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a research report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.71.

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.