Advisors Preferred LLC Invests $2.18 Million in OUTFRONT Media Inc. $OUT

Key Points

• Advisors Preferred LLC opened a new position in OUTFRONT Media, buying 92,039 shares in Q4 worth about $2.18 million, equal to roughly 0.06% of the company.
• Corporate insiders reduced holdings: EVP Matthew Siegel sold 50,000 shares for ~$1.29 million under a Rule 10b5‑1 plan and Director Manuel A. Diaz sold 11,271 shares, with insiders now owning about 0.47% of the stock.
• Analysts remain largely positive (six Buys, one Hold) with a consensus “Moderate Buy” and average price target of $27.86, even as OUTFRONT missed Q4 EPS ($0.55 vs. $0.71), reported roughly in‑line revenue, and pays a $0.30 quarterly dividend (3.8% yield) with a 150% payout ratio.

Advisors Preferred LLC bought a new position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 92,039 shares of the financial services provider's stock, valued at approximately $2,182,000. Advisors Preferred LLC owned about 0.06% of OUTFRONT Media as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Jennison Associates LLC bought a new stake in shares of OUTFRONT Media during the 4th quarter valued at about $715,000. State of New Jersey Common Pension Fund D bought a new stake in shares of OUTFRONT Media during the 4th quarter valued at about $2,335,000. M&T Bank Corp bought a new stake in shares of OUTFRONT Media during the 4th quarter valued at about $364,000. Kestra Private Wealth Services LLC grew its position in shares of OUTFRONT Media by 8.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 34,366 shares of the financial services provider's stock valued at $828,000 after buying an additional 2,553 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of OUTFRONT Media by 21.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 20,770 shares of the financial services provider's stock valued at $501,000 after buying an additional 3,664 shares during the last quarter.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of OUTFRONT Media from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Wells Fargo & Company boosted their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, February 27th. Barrington Research boosted their target price on shares of OUTFRONT Media from $27.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, March 2nd. Finally, TD Cowen boosted their target price on shares of OUTFRONT Media from $24.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.86.

OUTFRONT Media Trading Down 0.0%

Shares of NYSE:OUT opened at $31.71 on Monday. The company has a 50 day moving average of $28.15 and a 200-day moving average of $24.70. The firm has a market cap of $5.58 billion, a P/E ratio of 39.63, a P/E/G ratio of 1.53 and a beta of 1.50. OUTFRONT Media Inc. has a twelve month low of $14.45 and a twelve month high of $31.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.63.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.16). The company had revenue of $513.30 million during the quarter, compared to analyst estimates of $511.61 million. OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%. As a group, analysts anticipate that OUTFRONT Media Inc. will post 2.07 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, March 6th. OUTFRONT Media's dividend payout ratio is currently 150.00%.

OUTFRONT Media Company Profile

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.

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