OUTFRONT Media Inc. $OUT Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 56.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 42,077 shares of the financial services provider’s stock after selling 54,232 shares during the quarter. Quantbot Technologies LP’s holdings in OUTFRONT Media were worth $771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in shares of OUTFRONT Media by 85.2% during the second quarter. Ameriprise Financial Inc. now owns 1,788,695 shares of the financial services provider’s stock valued at $29,192,000 after purchasing an additional 822,845 shares during the period. Lasalle Investment Management Securities LLC lifted its holdings in OUTFRONT Media by 24.0% in the second quarter. Lasalle Investment Management Securities LLC now owns 3,925,402 shares of the financial services provider’s stock worth $64,063,000 after purchasing an additional 758,952 shares during the period. Advisors Capital Management LLC grew its position in OUTFRONT Media by 36.0% in the 2nd quarter. Advisors Capital Management LLC now owns 1,881,277 shares of the financial services provider’s stock valued at $30,702,000 after buying an additional 497,781 shares in the last quarter. Goldman Sachs Group Inc. grew its position in OUTFRONT Media by 9.9% in 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 buying an additional 448,993 shares in the last quarter. Finally, Walleye Capital LLC increased its stake in OUTFRONT Media by 497.3% during the 2nd quarter. Walleye Capital LLC now owns 400,000 shares of the financial services provider’s stock valued at $6,528,000 after buying an additional 333,027 shares during the period.

Insider Buying and Selling

In related news, Director Manuel A. Diaz sold 11,271 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 47,515 shares in the company, valued at approximately $1,163,642.35. This trade represents a 19.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by corporate insiders.

OUTFRONT Media Price Performance

Shares of OUTFRONT Media stock opened at $28.62 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.63. The company’s 50-day moving average price is $25.56 and its two-hundred day moving average price is $21.99. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $29.27. The stock has a market cap of $5.04 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.42 and a beta of 1.51.

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

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.20 annualized dividend and a yield of 4.2%. OUTFRONT Media’s dividend payout ratio is currently 150.00%.

Analysts Set New Price Targets

A number of research firms have commented on OUT. Barrington Research boosted their price target on shares of OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. TD Cowen increased their price objective on shares of OUTFRONT Media from $24.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. upgraded shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $19.00 to $25.00 in a research note on Wednesday, November 12th. Wells Fargo & Company boosted their target price on OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Wall Street Zen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.86.

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.