OUTFRONT Media Inc. $OUT Shares Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC increased its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 10.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 493,037 shares of the financial services provider’s stock after acquiring an additional 44,993 shares during the period. Boothbay Fund Management LLC’s holdings in OUTFRONT Media were worth $9,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in OUT. Private Trust Co. NA purchased a new stake in OUTFRONT Media during the 3rd quarter valued at approximately $33,000. State of Wyoming grew 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 during the last quarter. Rossby Financial LCC increased its holdings in shares of 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 purchasing an additional 989 shares during the period. Osaic Holdings Inc. increased its holdings in shares of OUTFRONT Media by 45.4% in the second quarter. Osaic Holdings Inc. now owns 9,126 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 2,851 shares during the period. Finally, CWM LLC raised its stake in shares of OUTFRONT Media by 8.3% during the third quarter. CWM LLC now owns 8,229 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 631 shares during the last quarter.

Analysts Set New Price Targets

OUT has been the subject of several recent research reports. TD Cowen increased their price target on OUTFRONT Media from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Barrington Research boosted their price objective on shares of OUTFRONT Media from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Morgan Stanley raised shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $20.00 to $28.00 in a report on Tuesday, December 16th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, OUTFRONT Media has a consensus rating of “Moderate Buy” and a consensus target price of $27.86.

Insider Buying and Selling at OUTFRONT Media

In other news, Director Manuel A. Diaz sold 11,271 shares of the company’s stock in a transaction 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 transaction, the director directly owned 47,515 shares of the company’s stock, valued at $1,163,642.35. This represents a 19.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

OUTFRONT Media Stock Down 0.9%

OUT opened at $26.68 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.92 and a quick ratio of 0.92. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $29.27. The stock has a market capitalization of $4.70 billion, a P/E ratio of 33.35, a P/E/G ratio of 1.32 and a beta of 1.51. The business has a 50 day simple moving average of $25.90 and a 200-day simple moving average of $22.29.

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

OUTFRONT Media Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, March 6th. OUTFRONT Media’s payout ratio 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.