Keeley Teton Advisors LLC Invests $5.05 Million in OUTFRONT Media Inc. $OUT

Key Points

• Keeley Teton Advisors LLC has acquired 312,778 shares of OUTFRONT Media Inc., worth approximately $5,048,000, marking 0.19% ownership of the company.
• Several institutional investors increased their stakes in OUTFRONT Media, including First Trust Advisors LP, which raised its holdings by 153.5% to own 307,532 shares valued at about $5,456,000.
• OUTFRONT Media announced a quarterly dividend of $0.30 per share, with a dividend yield of 6.4%, despite a high dividend payout ratio of 206.90%.

Keeley Teton Advisors LLC bought a new stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 312,778 shares of the financial services provider's stock, valued at approximately $5,048,000. Keeley Teton Advisors LLC owned approximately 0.19% of OUTFRONT Media at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SVB Wealth LLC purchased a new stake in OUTFRONT Media during the first quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd boosted its position in 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 worth $54,000 after purchasing an additional 2,041 shares during the period. Rossby Financial LCC acquired a new stake in OUTFRONT Media in the 1st quarter valued at $74,000. Lazard Asset Management LLC purchased a new position in OUTFRONT Media in the fourth quarter valued at about $113,000. Finally, IFP Advisors Inc lifted its stake in shares of OUTFRONT Media by 97.6% during the first 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.

Insider Buying and Selling

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

OUTFRONT Media Stock Down 1.3%

Shares of OUT stock traded down $0.25 on Thursday, hitting $18.69. 943,672 shares of the stock were exchanged, compared to its average volume of 1,766,513. The business has a 50-day moving average of $17.65 and a 200 day moving average of $16.73. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.80. The firm has a market capitalization of $3.12 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 1.13 and a beta of 1.89. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.60.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The company had revenue of $460.20 million during the quarter, compared to the consensus estimate of $463.16 million. OUTFRONT Media had a net margin of 5.99% and a return on equity of 18.07%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. Equities analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a 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%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OUT shares. 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. Citigroup reiterated a "buy" rating and set a $19.00 price objective (up from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Morgan Stanley increased their price objective on shares of OUTFRONT Media from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Wall Street Zen raised OUTFRONT Media from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, OUTFRONT Media presently has a consensus rating of "Moderate Buy" and an average target price of $19.00.

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.