Healthcare of Ontario Pension Plan Trust Fund Takes Position in OUTFRONT Media Inc. $OUT

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in OUTFRONT Media Inc. (NYSE:OUT) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 80,600 shares of the financial services provider’s stock, valued at approximately $2,136,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL grew its holdings in OUTFRONT Media by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 51,648 shares of the financial services provider’s stock valued at $1,369,000 after buying an additional 351 shares in the last quarter. CWM LLC raised its holdings in shares of OUTFRONT Media by 5.5% during the 4th quarter. CWM LLC now owns 8,682 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 453 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of OUTFRONT Media by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 21,383 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 468 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of OUTFRONT Media by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,256 shares of the financial services provider’s stock valued at $801,000 after acquiring an additional 500 shares during the last quarter. Finally, Convergence Investment Partners LLC grew its holdings in shares of OUTFRONT Media by 0.7% in the first quarter. Convergence Investment Partners LLC now owns 78,004 shares of the financial services provider’s stock valued at $2,067,000 after purchasing an additional 537 shares during the period.

Insider Activity

In related news, EVP Richard H. Sauer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total transaction of $160,400.00. Following the completion of the transaction, the executive vice president directly owned 56,947 shares in the company, valued at $1,826,859.76. This trade represents a 8.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James Michael Norton bought 4,130 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of $30.81 per share, with a total value of $127,245.30. Following the completion of the transaction, the executive vice president owned 4,130 shares in the company, valued at $127,245.30. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 20,000 shares of company stock worth $629,600. 0.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a research note on Friday, May 8th. JPMorgan Chase & Co. restated an “overweight” rating and set a $38.00 price target on shares of OUTFRONT Media in a report on Wednesday, July 22nd. TD Cowen reaffirmed a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 26th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.57.

OUTFRONT Media Stock Performance

NYSE:OUT opened at $31.87 on Friday. OUTFRONT Media Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $34.96. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. The company has a 50 day moving average price of $32.18 and a 200 day moving average price of $29.36. The stock has a market capitalization of $5.61 billion, a P/E ratio of 30.35, a PEG ratio of 1.52 and a beta of 1.48.

OUTFRONT Media (NYSE:OUT) last announced its earnings results 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. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts forecast that OUTFRONT Media Inc. will post 2.11 EPS for the current year.

OUTFRONT Media Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, June 5th. OUTFRONT Media’s payout ratio is currently 114.29%.

OUTFRONT Media 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.