GAMMA Investing LLC Boosts Stake in OUTFRONT Media Inc. (NYSE:OUT)

GAMMA Investing LLC lifted its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 1,484.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,138 shares of the financial services provider's stock after buying an additional 56,342 shares during the period. GAMMA Investing LLC's holdings in OUTFRONT Media were worth $971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of OUT. Loomis Sayles & Co. L P acquired a new stake in OUTFRONT Media during the fourth quarter worth about $47,000. Sterling Capital Management LLC increased its position in OUTFRONT Media by 672.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after purchasing an additional 2,522 shares during the last quarter. Smartleaf Asset Management LLC increased its position in OUTFRONT Media by 155.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock worth $73,000 after purchasing an additional 2,555 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in OUTFRONT Media during the fourth quarter worth about $113,000. Finally, Commonwealth Equity Services LLC acquired a new stake in OUTFRONT Media during the fourth quarter worth about $192,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on OUT shares. Wall Street Zen cut shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. dropped their price target 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. Barrington Research reiterated an "outperform" rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating and set a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Finally, Morgan Stanley dropped their price objective on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, OUTFRONT Media presently has an average rating of "Hold" and an average price target of $18.23.

OUTFRONT Media Trading Up 1.5%

Shares of OUTFRONT Media stock opened at $15.84 on Tuesday. The company has a fifty day simple moving average of $15.62 and a 200-day simple moving average of $17.09. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.98. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.06 and a beta of 1.89. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings data 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 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 40.33% and a net margin of 13.30%. On average, equities analysts forecast that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, June 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 7.58%. OUTFRONT Media's payout ratio is currently 78.95%.

Insiders Place Their Bets

In other OUTFRONT Media news, EVP Richard H. Sauer sold 20,109 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $15.88, for a total transaction of $319,330.92. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by 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.

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