Jump Financial LLC Buys 147,107 Shares of OUTFRONT Media Inc. $OUT

Key Points

• Jump Financial LLC increased its position in OUTFRONT Media Inc. by 1,333.8%, acquiring an additional 147,107 shares, bringing its total ownership to 158,136 shares valued at approximately $2.55 million.
• OUTFRONT Media reported a quarterly EPS of $0.51, surpassing analyst expectations of $0.48, but experienced a 3.6% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.30 per share, translating to an annualized yield of 6.5% with a high dividend payout ratio of 206.90%.

Jump Financial LLC lifted its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 1,333.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 158,136 shares of the financial services provider's stock after purchasing an additional 147,107 shares during the period. Jump Financial LLC owned about 0.09% of OUTFRONT Media worth $2,552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of OUTFRONT Media in the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of OUTFRONT Media by 158.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider's stock valued at $54,000 after buying an additional 2,041 shares in the last quarter. Rossby Financial LCC bought a new stake in OUTFRONT Media during the first quarter worth about $74,000. Lazard Asset Management LLC bought a new stake in shares of OUTFRONT Media in the 4th quarter worth approximately $113,000. Finally, IFP Advisors Inc boosted its position in shares of OUTFRONT Media by 97.6% in the 1st quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider's stock worth $113,000 after purchasing an additional 3,313 shares in the last quarter.

OUTFRONT Media Price Performance

Shares of OUTFRONT Media stock traded up $0.01 on Friday, hitting $18.68. 884,081 shares of the company traded hands, compared to its average volume of 1,743,401. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $3.12 billion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The business has a 50-day simple moving average of $17.70 and a 200 day simple moving average of $16.72. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. OUTFRONT Media had a net margin of 5.99% and a return on equity of 18.07%. The company had revenue of $460.20 million for the quarter, compared to the consensus estimate of $463.16 million. During the same period in the previous year, the firm posted $0.50 EPS. OUTFRONT Media's revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, EVP Mark Emilio Bonanni sold 4,126 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $19.38, for a total transaction of $79,961.88. Following the transaction, the executive vice president directly owned 4,170 shares in the company, valued at approximately $80,814.60. This represents a 49.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Richard H. Sauer sold 29,891 shares of the company's stock in a transaction on 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 directly owned 90,945 shares in the company, valued at $1,436,021.55. This trade represents a 24.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,126 shares of company stock worth $871,272 in the last quarter. Company insiders own 0.47% of the company's stock.

OUTFRONT Media Company 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.