Gabelli Funds LLC Has $8.04 Million Stake in OUTFRONT Media Inc. $OUT

Gabelli Funds LLC boosted its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 30.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 333,440 shares of the financial services provider’s stock after purchasing an additional 77,545 shares during the period. Gabelli Funds LLC’s holdings in OUTFRONT Media were worth $8,036,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OUT. Advisory Services Network LLC acquired a new stake in OUTFRONT Media during the third quarter worth about $29,000. Farther Finance Advisors LLC grew its stake in OUTFRONT Media by 157.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,431 shares in the last quarter. IFP Advisors Inc boosted its stake 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 valued at $78,000 after purchasing an additional 582 shares in the last quarter. State of Wyoming boosted its stake 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 valued at $130,000 after purchasing an additional 4,853 shares in the last quarter. Finally, Rossby Financial LCC boosted its stake 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 valued at $144,000 after purchasing an additional 989 shares in the last quarter.

OUTFRONT Media Stock Up 0.3%

Shares of NYSE OUT opened at $32.05 on Wednesday. The company has a 50 day simple moving average of $29.08 and a 200 day simple moving average of $25.80. The firm has a market cap of $5.64 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 1.53 and a beta of 1.50. OUTFRONT Media Inc. has a 1 year low of $15.45 and a 1 year high of $34.96. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. On average, research analysts forecast that OUTFRONT Media Inc. will post 2.08 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. OUTFRONT Media’s dividend payout ratio is presently 114.29%.

Insider Transactions at OUTFRONT Media

In related news, Director Manuel A. Diaz sold 11,271 shares of the company’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 value of $303,528.03. Following the sale, the director directly owned 36,244 shares in the company, valued at $976,050.92. This represents a 23.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Matthew Siegel sold 50,000 shares of the company’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 sale, 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 ownership of the stock. 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.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a research note on Friday, May 8th. Barrington Research set a $38.00 price target on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Zacks Research downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company raised their price target on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, OUTFRONT Media currently has an average rating of “Moderate Buy” and an average 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.