57,580 Shares in OUTFRONT Media Inc. (NYSE:OUT) Bought by Penserra Capital Management LLC

Penserra Capital Management LLC bought a new stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,580 shares of the financial services provider's stock, valued at approximately $929,000.

Other large investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new stake in OUTFRONT Media in the 4th quarter valued at $47,000. Sterling Capital Management LLC grew its holdings in OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $51,000 after buying an additional 2,522 shares in the last quarter. Rossby Financial LCC purchased a new stake in OUTFRONT Media in the 1st quarter valued at $74,000. Lazard Asset Management LLC purchased a new stake in OUTFRONT Media in the 4th quarter valued at $113,000. Finally, Commonwealth Equity Services LLC purchased a new stake in OUTFRONT Media in the 4th quarter valued at $192,000.

Insider Transactions at OUTFRONT Media

In other news, EVP Richard H. Sauer sold 29,891 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $15.79, for a total transaction of $471,978.89. Following the sale, the executive vice president owned 90,945 shares of the company's stock, valued at approximately $1,436,021.55. This trade represents a 24.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

OUT has been the subject of several analyst reports. Barrington Research restated an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating and set a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. JPMorgan Chase & Co. lowered their price target on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Wall Street Zen cut OUTFRONT Media from a "hold" rating to a "sell" rating in a report on Monday, May 12th. Finally, Wells Fargo & Company lowered their price target on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, OUTFRONT Media currently has an average rating of "Hold" and an average price target of $18.23.

OUTFRONT Media Trading Up 0.5%

OUT traded up $0.08 during mid-day trading on Friday, hitting $17.61. 1,449,866 shares of the stock were exchanged, compared to its average volume of 1,661,408. The firm's fifty day moving average is $16.28 and its two-hundred day moving average is $16.79. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.37. The company has a market cap of $2.94 billion, a PE ratio of 11.60, a PEG ratio of 1.06 and a beta of 1.87.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. The firm had revenue of $390.70 million for the quarter, compared to analyst estimates of $396.17 million. Equities analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.81%. The ex-dividend date was Friday, June 6th. OUTFRONT Media's payout ratio is 78.95%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.