Intech Investment Management LLC Acquires 145,115 Shares of OUTFRONT Media Inc. $OUT

Intech Investment Management LLC raised its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 116.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 269,557 shares of the financial services provider’s stock after acquiring an additional 145,115 shares during the quarter. Intech Investment Management LLC’s holdings in OUTFRONT Media were worth $6,496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in OUTFRONT Media in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC boosted its stake in OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,431 shares during the last quarter. IFP Advisors Inc boosted its stake in OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 582 shares during the last quarter. State of Wyoming boosted its stake in OUTFRONT Media by 155.5% in the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 4,853 shares during the last quarter. Finally, Rossby Financial LCC boosted its stake in OUTFRONT Media by 14.2% in the third quarter. Rossby Financial LCC now owns 7,942 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 989 shares during the last quarter.

OUTFRONT Media Trading Down 0.8%

Shares of NYSE OUT opened at $32.22 on Friday. OUTFRONT Media Inc. has a twelve month low of $15.45 and a twelve month high of $34.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. The company’s fifty day moving average is $29.99 and its 200-day moving average is $26.59. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 30.69, a P/E/G ratio of 1.53 and a beta of 1.50.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The business had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. During the same period last year, the business posted $0.14 earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts predict that OUTFRONT Media Inc. will post 2.11 EPS for the current year.

OUTFRONT Media Dividend Announcement

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

Insiders Place Their Bets

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction on Monday, March 23rd. The shares were 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 approximately $976,050.92. The trade was a 23.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matthew Siegel sold 50,000 shares of OUTFRONT Media stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total transaction 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. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

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