Diversify Advisory Services LLC Sells 15,923 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Diversify Advisory Services LLC reduced its stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 56.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,267 shares of the financial services provider's stock after selling 15,923 shares during the period. Diversify Advisory Services LLC's holdings in OUTFRONT Media were worth $189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of OUTFRONT Media by 1.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider's stock valued at $532,000 after purchasing an additional 558 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of OUTFRONT Media by 5.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider's stock valued at $199,000 after purchasing an additional 596 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of OUTFRONT Media by 4.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider's stock valued at $284,000 after purchasing an additional 629 shares during the last quarter. Signaturefd LLC boosted its position in shares of OUTFRONT Media by 8.5% in the first quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider's stock valued at $149,000 after acquiring an additional 722 shares during the period. Finally, Summit Investment Advisors Inc. grew its stake in shares of OUTFRONT Media by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,484 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 812 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on OUT. Wall Street Zen downgraded shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Barrington Research restated an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Citigroup restated a "buy" rating and issued a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Wells Fargo & Company restated an "overweight" rating on shares of OUTFRONT Media in a research note on Sunday, July 20th. Finally, Morgan Stanley decreased their price target on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $18.60.

OUTFRONT Media Price Performance

OUT traded up $0.16 on Friday, hitting $18.06. 812,319 shares of the stock were exchanged, compared to its average volume of 1,378,555. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $19.50. The business has a 50-day moving average of $16.69 and a two-hundred day moving average of $16.77. The company has a debt-to-equity ratio of 4.37, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.08 and a beta of 1.87.

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

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.65%. OUTFRONT Media's dividend payout ratio (DPR) is currently 78.95%.

Insider Activity at OUTFRONT Media

In other news, EVP Richard H. Sauer sold 29,891 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $471,978.89. Following the completion of the transaction, the executive vice president owned 90,945 shares of the company's stock, valued at approximately $1,436,021.55. This represents a 24.74% 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 the SEC website. Company insiders own 0.47% of the company's stock.

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.