OUTFRONT Media Inc. $OUT Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its stake in OUTFRONT Media Inc. (NYSE:OUT) by 21.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,401 shares of the financial services provider’s stock after selling 65,465 shares during the period. Peregrine Capital Management LLC’s holdings in OUTFRONT Media were worth $5,890,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GRS Advisors LLC increased its holdings in shares of OUTFRONT Media by 12.8% during the third quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock valued at $45,218,000 after purchasing an additional 279,326 shares during the period. Versor Investments LP acquired a new position in shares of OUTFRONT Media during the third quarter valued at $1,259,000. Pacific Heights Asset Management LLC increased its holdings in shares of OUTFRONT Media by 40.0% during the third quarter. Pacific Heights Asset Management LLC now owns 700,000 shares of the financial services provider’s stock valued at $12,824,000 after purchasing an additional 200,000 shares during the period. Nordea Investment Management AB increased its holdings in shares of OUTFRONT Media by 41.9% during the third quarter. Nordea Investment Management AB now owns 474,055 shares of the financial services provider’s stock valued at $8,670,000 after purchasing an additional 140,060 shares during the period. Finally, Barnett & Company Inc. acquired a new position in shares of OUTFRONT Media during the third quarter valued at $1,519,000.

Insider Activity

In related news, EVP Matthew Siegel sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the completion of the transaction, the executive vice president owned 289,925 shares of the company’s stock, valued at $7,477,165.75. This trade represents a 14.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel A. Diaz sold 11,271 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $26.93, for a total value of $303,528.03. Following the transaction, the director directly owned 36,244 shares of the company’s stock, valued at $976,050.92. This represents a 23.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

OUT has been the topic of a number of research analyst reports. TD Cowen raised their price target on OUTFRONT Media from $24.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Zacks Research lowered OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Wells Fargo & Company raised their price target on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, Barrington Research raised their price target on OUTFRONT Media from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Six investment 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 has an average rating of “Moderate Buy” and a consensus target price of $27.86.

OUTFRONT Media Trading Down 0.7%

Shares of OUT stock opened at $29.85 on Friday. The stock has a 50-day simple moving average of $27.62 and a 200 day simple moving average of $24.15. OUTFRONT Media Inc. has a fifty-two week low of $14.45 and a fifty-two week high of $30.50. The stock has a market capitalization of $5.26 billion, a P/E ratio of 37.32, a P/E/G ratio of 1.45 and a beta of 1.51. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.63.

OUTFRONT Media (NYSE:OUT) last announced its earnings results 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 firm had revenue of $513.30 million for the quarter, compared to the consensus estimate of $511.61 million. On average, sell-side analysts expect that OUTFRONT Media Inc. will post 2.07 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.20 annualized dividend and a yield of 4.0%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 150.00%.

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.