Bailard Inc. Cuts Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Bailard Inc. decreased its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 53.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,885 shares of the financial services provider's stock after selling 20,396 shares during the period. Bailard Inc.'s holdings in OUTFRONT Media were worth $289,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in OUT. Signaturefd LLC raised its holdings in OUTFRONT Media by 8.5% during the 1st quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider's stock worth $149,000 after buying an additional 722 shares during the period. M&T Bank Corp boosted its position in OUTFRONT Media by 12.4% during the first quarter. M&T Bank Corp now owns 12,665 shares of the financial services provider's stock worth $204,000 after purchasing an additional 1,397 shares during the period. Envestnet Asset Management Inc. bought a new position in OUTFRONT Media during the first quarter worth $2,153,000. Penserra Capital Management LLC bought a new stake in shares of OUTFRONT Media in the first quarter valued at about $929,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of OUTFRONT Media by 0.4% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 212,014 shares of the financial services provider's stock valued at $3,422,000 after acquiring an additional 915 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OUT shares. Wells Fargo & Company reaffirmed an "overweight" rating on shares of OUTFRONT Media in a research report on Sunday. Barrington Research reaffirmed an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their target price on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. Citigroup restated 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. Finally, Wall Street Zen cut OUTFRONT Media from a "hold" rating to a "sell" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, OUTFRONT Media has a consensus rating of "Hold" and an average target price of $18.60.

Insider Buying and Selling

In related news, EVP Richard H. Sauer sold 20,109 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $15.88, for a total value of $319,330.92. Following the sale, the executive vice president owned 70,836 shares in the company, valued at approximately $1,124,875.68. The trade was a 22.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is owned by corporate insiders.

OUTFRONT Media Trading Down 0.5%

Shares of NYSE OUT traded down $0.10 during trading hours on Thursday, hitting $17.97. 189,512 shares of the company traded hands, compared to its average volume of 1,586,874. The company's 50 day moving average price is $16.62 and its 200 day moving average price is $16.77. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.87. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.37. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $19.50.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The business had revenue of $390.70 million during the quarter, compared to analysts' expectations of $396.17 million. OUTFRONT Media had a net margin of 14.60% and a return on equity of 42.24%. On average, equities research analysts anticipate that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 6.68%. OUTFRONT Media's payout ratio is 78.95%.

OUTFRONT Media 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.