OUTFRONT Media Inc. $OUT Stock Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 13.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,698,183 shares of the financial services provider’s stock after buying an additional 201,590 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.96% of OUTFRONT Media worth $47,125,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of OUT. State of Wyoming boosted its holdings in shares of OUTFRONT Media by 14.3% in the third quarter. State of Wyoming now owns 43,346 shares of the financial services provider’s stock valued at $1,203,000 after purchasing an additional 5,434 shares during the period. Asset Management One Co. Ltd. grew its holdings in OUTFRONT Media by 16.6% during the third quarter. Asset Management One Co. Ltd. now owns 248,324 shares of the financial services provider’s stock worth $6,891,000 after acquiring an additional 35,431 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of OUTFRONT Media during the 3rd quarter worth approximately $307,000. Signaturefd LLC grew its holdings in shares of OUTFRONT Media by 14.9% during the third quarter. Signaturefd LLC now owns 8,894 shares of the financial services provider’s stock worth $247,000 after buying an additional 1,155 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in OUTFRONT Media by 839.2% in the 3rd quarter. Sterling Capital Management LLC now owns 5,325 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 4,758 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on OUT. 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. JPMorgan Chase & Co. started coverage on OUTFRONT Media in a report on Wednesday, July 22nd. They set an “overweight” rating and a $38.00 price objective for the company. Wells Fargo & Company increased their price target on OUTFRONT Media from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of OUTFRONT Media in a research report on Tuesday, September 8th. Finally, TD Cowen reissued a “buy” rating and issued a $40.00 price target (up from $38.00) on shares of OUTFRONT Media in a report on Thursday, August 6th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, EVP Mark Emilio Bonanni sold 3,385 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $29.82, for a total value of $100,940.70. Following the completion of the transaction, the executive vice president owned 10,420 shares of the company’s stock, valued at $310,724.40. The trade was a 24.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matthew Siegel sold 25,000 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $27.84, for a total transaction of $696,000.00. Following the completion of the sale, the executive vice president directly owned 264,925 shares of the company’s stock, valued at $7,375,512. This represents a 8.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by corporate insiders.

OUTFRONT Media Stock Up 0.2%

Shares of NYSE:OUT opened at $32.41 on Thursday. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 23.32 and a beta of 1.56. OUTFRONT Media Inc. has a one year low of $17.40 and a one year high of $34.96. The company has a 50 day moving average of $29.63 and a 200-day moving average of $29.64. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.67 and a quick ratio of 0.67.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.30. OUTFRONT Media had a return on equity of 37.44% and a net margin of 12.66%. The company had revenue of $522.50 million for the quarter, compared to analysts’ expectations of $509.61 million. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts forecast that OUTFRONT Media Inc. will post 2.18 earnings per share for the current year.

OUTFRONT Media Profile

OUTFRONT Media Inc (NYSE: OUT) is an out-of-home media company that provides advertising services through a portfolio of billboard, transit and other outdoor advertising assets. The company helps advertisers reach consumers in high-traffic locations, including roads, urban centers, public transportation systems and other public spaces.

Its offerings include traditional printed billboards, digital billboards, transit displays and place-based media. OUTFRONT also provides related services such as media planning, creative support, audience analytics and technology-enabled advertising solutions, including digital and programmatic buying capabilities.

OUTFRONT primarily serves advertisers across the United States and Canada.