Campbell & CO Investment Adviser LLC Makes New Investment in OUTFRONT Media Inc. $OUT

Key Points

• Campbell & CO Investment Adviser LLC acquired 100,288 shares of OUTFRONT Media Inc., worth approximately $1,619,000, increasing its stake to 0.06% as of the end of the last quarter.
• OUTFRONT Media reported an EPS of $0.51 for the last quarter, exceeding expectations, but its revenue fell 3.6% year-over-year to $460.20 million.
• The company declared a quarterly dividend of $0.30, with a payout ratio of 206.90% and a dividend yield of 6.4%, indicating a strong commitment to returning value to shareholders despite financial challenges.

Campbell & CO Investment Adviser LLC bought a new stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 100,288 shares of the financial services provider's stock, valued at approximately $1,619,000. Campbell & CO Investment Adviser LLC owned approximately 0.06% of OUTFRONT Media at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OUT. Principal Financial Group Inc. increased its stake in shares of OUTFRONT Media by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 687,300 shares of the financial services provider's stock valued at $11,093,000 after acquiring an additional 16,470 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of OUTFRONT Media by 1,484.2% during the first quarter. GAMMA Investing LLC now owns 60,138 shares of the financial services provider's stock valued at $971,000 after purchasing an additional 56,342 shares during the period. SG Americas Securities LLC raised its stake in shares of OUTFRONT Media by 429.8% during the first quarter. SG Americas Securities LLC now owns 32,760 shares of the financial services provider's stock valued at $529,000 after purchasing an additional 26,577 shares during the period. Pacific Heights Asset Management LLC raised its stake in shares of OUTFRONT Media by 122.2% during the first quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the financial services provider's stock valued at $8,070,000 after purchasing an additional 275,000 shares during the period. Finally, New Age Alpha Advisors LLC grew its position in shares of OUTFRONT Media by 162.1% during the first quarter. New Age Alpha Advisors LLC now owns 123,675 shares of the financial services provider's stock worth $1,996,000 after buying an additional 76,486 shares in the last quarter.

OUTFRONT Media Stock Down 1.3%

NYSE:OUT traded down $0.25 during mid-day trading on Thursday, reaching $18.69. The stock had a trading volume of 943,672 shares, compared to its average volume of 1,766,513. The stock has a market cap of $3.12 billion, a P/E ratio of 31.97, a PEG ratio of 1.13 and a beta of 1.89. The company has a debt-to-equity ratio of 4.60, a current ratio of 0.61 and a quick ratio of 0.61. The business's 50 day moving average is $17.65 and its 200 day moving average is $16.73. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.80.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%.The company had revenue of $460.20 million for the quarter, compared to the consensus estimate of $463.16 million. During the same quarter last year, the company posted $0.50 earnings per share. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, September 5th. OUTFRONT Media's dividend payout ratio is currently 206.90%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OUT. Wells Fargo & Company reissued an "overweight" rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. JPMorgan Chase & Co. cut their target price on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Morgan Stanley raised their target price on OUTFRONT Media from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Citigroup reaffirmed a "buy" rating and issued a $19.00 price objective (up previously from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. Finally, Wall Street Zen upgraded shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.

Insider Activity at OUTFRONT Media

In other news, EVP Mark Emilio Bonanni sold 4,126 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $19.38, for a total value of $79,961.88. Following the completion of the sale, the executive vice president directly owned 4,170 shares of the company's stock, valued at approximately $80,814.60. This represents a 49.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard H. Sauer sold 20,109 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $15.88, for a total value of $319,330.92. Following the completion of the sale, the executive vice president directly owned 70,836 shares of the company's stock, valued at $1,124,875.68. This represents a 22.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,126 shares of company stock valued at $871,272 over the last three months. 0.47% of the stock is owned by company insiders.

About OUTFRONT Media

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.