OUTFRONT Media Inc. $OUT Stock Holdings Increased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 615.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 285,667 shares of the financial services provider’s stock after purchasing an additional 245,721 shares during the quarter. Renaissance Technologies LLC’s holdings in OUTFRONT Media were worth $7,570,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its position in shares of 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 worth $1,369,000 after acquiring an additional 351 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in OUTFRONT Media by 215.9% during the first quarter. Public Employees Retirement System of Ohio now owns 171,417 shares of the financial services provider’s stock worth $4,543,000 after purchasing an additional 117,154 shares during the last quarter. Caxton Associates LLP acquired a new position in OUTFRONT Media in the first quarter worth $228,000. Sei Investments Co. boosted its holdings in OUTFRONT Media by 13.8% in the first quarter. Sei Investments Co. now owns 872,450 shares of the financial services provider’s stock worth $23,120,000 after purchasing an additional 105,946 shares during the period. Finally, State of Wyoming increased its stake in OUTFRONT Media by 94.1% during the first quarter. State of Wyoming now owns 40,614 shares of the financial services provider’s stock valued at $1,076,000 after purchasing an additional 19,692 shares during the last quarter.

Wall Street Analyst Weigh In

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

OUTFRONT Media Stock Down 0.0%

Shares of OUTFRONT Media stock opened at $31.87 on Tuesday. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82. OUTFRONT Media Inc. has a 1-year low of $16.64 and a 1-year high of $34.96. The business’s fifty day moving average price is $32.14 and its two-hundred day moving average price is $29.45. The company has a market capitalization of $5.61 billion, a P/E ratio of 30.35, a PEG ratio of 1.51 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. The company had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. As a group, research analysts forecast that OUTFRONT Media Inc. will post 2.11 EPS for the current year.

OUTFRONT Media Dividend Announcement

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

Insider Activity

In related news, EVP James Michael Norton bought 4,130 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $30.81 per share, with a total value of $127,245.30. Following the purchase, the executive vice president owned 4,130 shares in the company, valued at approximately $127,245.30. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard H. Sauer sold 5,000 shares of the business’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 sale, the executive vice president owned 56,947 shares in the company, valued at $1,826,859.76. This trade represents a 8.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.

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.