Intech Investment Management LLC Raises Stock Position in OUTFRONT Media Inc. $OUT

Intech Investment Management LLC grew its position in OUTFRONT Media Inc. (NYSE:OUT) by 60.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,442 shares of the financial services provider’s stock after buying an additional 46,946 shares during the period. Intech Investment Management LLC owned 0.07% of OUTFRONT Media worth $2,280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in OUT. Arizona State Retirement System lifted its holdings in OUTFRONT Media by 1.4% in the third quarter. Arizona State Retirement System now owns 42,023 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 591 shares during the last quarter. CWM LLC grew its holdings in shares of OUTFRONT Media by 8.3% in the third quarter. CWM LLC now owns 8,229 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 631 shares in the last quarter. Bank of Montreal Can increased its stake in OUTFRONT Media by 2.1% during the 2nd quarter. Bank of Montreal Can now owns 36,066 shares of the financial services provider’s stock worth $589,000 after buying an additional 758 shares during the period. NewEdge Wealth LLC lifted its holdings in OUTFRONT Media by 5.8% during the 3rd quarter. NewEdge Wealth LLC now owns 15,062 shares of the financial services provider’s stock worth $265,000 after buying an additional 821 shares in the last quarter. Finally, Assetmark Inc. boosted its position in OUTFRONT Media by 2.2% in the 2nd quarter. Assetmark Inc. now owns 42,908 shares of the financial services provider’s stock valued at $700,000 after buying an additional 909 shares during the period.

Insider Buying and Selling at OUTFRONT Media

In other news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $24.49, for a total transaction of $276,026.79. Following the completion of the sale, the director owned 47,515 shares in the company, valued at approximately $1,163,642.35. The trade was a 19.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup reaffirmed a “buy” rating and set a $23.00 price objective (up from $20.00) on shares of OUTFRONT Media in a research report on Wednesday, November 12th. JPMorgan Chase & Co. raised OUTFRONT Media from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $25.00 in a research note on Wednesday, November 12th. Barrington Research upped their price target on OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday. TD Cowen increased their price target on OUTFRONT Media from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Wall Street Zen raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $27.86.

OUTFRONT Media Stock Down 1.3%

OUTFRONT Media stock opened at $28.70 on Wednesday. The stock has a market cap of $5.05 billion, a PE ratio of 35.88, a P/E/G ratio of 1.45 and a beta of 1.51. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s fifty day moving average is $25.27 and its two-hundred day moving average is $21.80. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $29.27.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.16). OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. The business had revenue of $513.30 million during the quarter, compared to analysts’ expectations of $511.61 million. On average, sell-side analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 150.00%.

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.