Thrivent Financial for Lutherans Has $7.81 Million Stock Position in OUTFRONT Media Inc. $OUT

Thrivent Financial for Lutherans lessened its position in OUTFRONT Media Inc. (NYSE:OUT) by 32.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 426,347 shares of the financial services provider’s stock after selling 208,021 shares during the period. Thrivent Financial for Lutherans owned approximately 0.25% of OUTFRONT Media worth $7,811,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of OUT. Goldman Sachs Group Inc. increased its stake in OUTFRONT Media by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock valued at $80,393,000 after purchasing an additional 448,993 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its position in OUTFRONT Media by 24.0% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 3,925,402 shares of the financial services provider’s stock valued at $64,063,000 after acquiring an additional 758,952 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in OUTFRONT Media by 10.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 2,888,621 shares of the financial services provider’s stock valued at $47,142,000 after acquiring an additional 275,023 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in OUTFRONT Media by 0.7% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,264,674 shares of the financial services provider’s stock valued at $36,959,000 after purchasing an additional 16,560 shares during the last quarter. Finally, LSV Asset Management increased its holdings in OUTFRONT Media by 9.0% during the 2nd quarter. LSV Asset Management now owns 2,185,350 shares of the financial services provider’s stock worth $35,665,000 after purchasing an additional 179,902 shares in the last quarter.

OUTFRONT Media Stock Up 2.3%

Shares of NYSE:OUT opened at $26.62 on Friday. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $26.69. The company has a market capitalization of $4.45 billion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. The business has a fifty day moving average price of $24.24 and a two-hundred day moving average price of $20.66. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.79 and a quick ratio of 0.79.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). OUTFRONT Media had a return on equity of 21.56% and a net margin of 6.86%.The company had revenue of $467.50 million during the quarter, compared to analysts’ expectations of $458.32 million. During the same period last year, the firm posted $0.19 earnings per share. OUTFRONT Media’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barrington Research restated an “outperform” rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Friday, November 7th. Wall Street Zen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Citigroup reaffirmed a “buy” rating and set a $23.00 price objective (up from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. Zacks Research upgraded shares of OUTFRONT Media from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Morgan Stanley raised shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $20.00 to $28.00 in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $24.57.

Insider Activity

In related news, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $24.49, for a total value of $276,026.79. Following the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $1,163,642.35. The trade was a 19.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by insiders.

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.