GAMMA Investing LLC Acquires 56,342 Shares of OUTFRONT Media Inc. (NYSE:OUT)

GAMMA Investing LLC grew its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 1,484.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,138 shares of the financial services provider's stock after purchasing an additional 56,342 shares during the quarter. GAMMA Investing LLC's holdings in OUTFRONT Media were worth $971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Empowered Funds LLC bought a new stake in shares of OUTFRONT Media during the 4th quarter valued at about $338,000. Louisiana State Employees Retirement System increased its holdings in shares of OUTFRONT Media by 4.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 69,325 shares of the financial services provider's stock worth $1,230,000 after buying an additional 2,725 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of OUTFRONT Media by 1.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 199,817 shares of the financial services provider's stock worth $3,535,000 after acquiring an additional 2,921 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of OUTFRONT Media by 8.2% during the 4th quarter. New York State Teachers Retirement System now owns 112,403 shares of the financial services provider's stock valued at $1,994,000 after purchasing an additional 8,554 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of OUTFRONT Media by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 670,830 shares of the financial services provider's stock valued at $11,901,000 after purchasing an additional 19,317 shares during the last quarter.

Analyst Upgrades and Downgrades

OUT has been the subject of a number of recent research reports. Citigroup restated a "buy" rating and issued a $19.00 target price (up previously from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Barrington Research restated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Wall Street Zen cut shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Finally, Morgan Stanley cut their price target on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.23.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 20,109 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $15.88, for a total transaction of $319,330.92. Following the transaction, the executive vice president now owns 70,836 shares in the company, valued at approximately $1,124,875.68. This represents a 22.11% decrease in their position. The transaction 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.

OUTFRONT Media Trading Down 0.3%

OUT traded down $0.06 during trading on Friday, hitting $15.83. 661,521 shares of the stock traded hands, compared to its average volume of 1,648,270. The firm has a market capitalization of $2.64 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 0.96 and a beta of 1.89. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.98. 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 50-day moving average of $15.69 and a 200 day moving average of $17.05.

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 for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The firm had revenue of $390.70 million for the quarter, compared to analysts' expectations of $396.17 million. OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. Equities research analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.58%. The ex-dividend date was Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) is currently 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.