Insider Selling: OUTFRONT Media (NYSE:OUT) EVP Sells $100,940.70 in Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Mark Emilio Bonanni sold 3,385 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $29.82, for a total value of $100,940.70. Following the completion of the sale, the executive vice president owned 10,420 shares of the company’s stock, valued at $310,724.40. This trade represents a 24.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

OUTFRONT Media Stock Performance

NYSE OUT traded down $0.40 on Friday, reaching $29.00. The stock had a trading volume of 1,064,064 shares, compared to its average volume of 1,610,203. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $5.11 billion, a P/E ratio of 20.86 and a beta of 1.48. The firm has a fifty day moving average of $31.47 and a two-hundred day moving average of $30.26. OUTFRONT Media Inc. has a 1-year low of $16.97 and a 1-year high of $34.96.

OUTFRONT Media (NYSE:OUT) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.30. The company had revenue of $522.50 million during the quarter, compared to the consensus estimate of $509.61 million. OUTFRONT Media had a return on equity of 37.44% and a net margin of 12.66%.The company’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. On average, equities research analysts anticipate that OUTFRONT Media Inc. will post 2.18 EPS for the current year.

OUTFRONT Media Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a dividend of $0.33 per share. This is a positive change from OUTFRONT Media’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, September 4th. OUTFRONT Media’s payout ratio is 86.33%.

Analyst Ratings Changes

OUT has been the subject of a number of recent research reports. TD Cowen reissued a “buy” rating and issued a $40.00 price objective (up from $38.00) on shares of OUTFRONT Media in a report on Thursday, August 6th. Wall Street Zen cut shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $38.00 price target on shares of OUTFRONT Media in a research report on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on OUTFRONT Media from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Barrington Research set a $38.00 price target on OUTFRONT Media in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LP grew its stake in OUTFRONT Media by 831.4% during the second quarter. Corient Private Wealth LP now owns 131,416 shares of the financial services provider’s stock worth $4,305,000 after buying an additional 117,306 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of OUTFRONT Media in the 2nd quarter valued at approximately $822,000. California State Teachers Retirement System lifted its holdings in shares of OUTFRONT Media by 3,193.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,838,225 shares of the financial services provider’s stock worth $178,212,000 after acquiring an additional 5,660,956 shares during the period. AlphaGrep UK Ltd bought a new stake in shares of OUTFRONT Media during the 2nd quarter worth approximately $264,000. Finally, TOP Private Wealth LLC. bought a new stake in shares of OUTFRONT Media during the 2nd quarter worth approximately $72,000.

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.