OUTFRONT Media (NYSE:OUT) EVP Richard Sauer Sells 5,000 Shares of Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of OUTFRONT Media stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.35, for a total value of $156,750.00. Following the sale, the executive vice president directly owned 86,947 shares in the company, valued at $2,725,788.45. The trade was a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Price Performance

Shares of OUT stock opened at $31.17 on Thursday. The stock’s fifty day simple moving average is $31.13 and its 200 day simple moving average is $27.45. 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 firm has a market cap of $5.49 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 1.48 and a beta of 1.49. OUTFRONT Media Inc. has a one year low of $15.45 and a one year high of $34.96.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, beating 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 company had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. During the same quarter in the previous year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts expect that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a $0.30 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. OUTFRONT Media’s payout ratio is 114.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OUT. AQR Capital Management LLC lifted its position in OUTFRONT Media by 9.3% during the 1st quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider’s stock worth $2,105,000 after buying an additional 11,073 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of OUTFRONT Media by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider’s stock worth $1,388,000 after purchasing an additional 1,739 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of OUTFRONT Media by 9.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after purchasing an additional 448,993 shares in the last quarter. Empowered Funds LLC lifted its position in shares of OUTFRONT Media by 12.4% during the first quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 2,357 shares in the last quarter. Finally, Woodline Partners LP lifted its position in shares of OUTFRONT Media by 45.6% during the first quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 11,559 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Zacks Research lowered shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wall Street Zen raised OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a report on Friday, May 8th. 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. Finally, Barrington Research set a $38.00 price objective on OUTFRONT Media in a research note on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.