New Age Alpha Advisors LLC Acquires 76,486 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Key Points

• New Age Alpha Advisors LLC increased its stake in OUTFRONT Media Inc. by 162.1%, acquiring 76,486 shares to hold a total of 123,675 shares valued at approximately $1,996,000.
• OUTFRONT Media's quarterly earnings report indicated a profit of $0.51 per share, exceeding estimates, but its revenue of $460.20 million fell short of analyst predictions.
• The company announced a quarterly dividend of $0.30 per share, with a yield of 6.8%, showcasing a high dividend payout ratio of 206.90%.

New Age Alpha Advisors LLC boosted its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 162.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,675 shares of the financial services provider's stock after purchasing an additional 76,486 shares during the period. New Age Alpha Advisors LLC owned approximately 0.07% of OUTFRONT Media worth $1,996,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in shares of OUTFRONT Media by 672.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after buying an additional 2,522 shares during the period. Rossby Financial LCC purchased a new position in OUTFRONT Media in the 1st quarter worth approximately $74,000. Lazard Asset Management LLC bought a new stake in OUTFRONT Media in the fourth quarter valued at approximately $113,000. IFP Advisors Inc boosted 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 valued at $113,000 after purchasing an additional 3,313 shares during the period. Finally, Signaturefd LLC grew its holdings 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 worth $149,000 after purchasing an additional 722 shares during the last quarter.

Analysts Set New Price Targets

OUT has been the subject of several analyst reports. Wells Fargo & Company reissued an "overweight" rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. Barrington Research reiterated an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday. Wall Street Zen cut OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Morgan Stanley upped their price target on OUTFRONT Media from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Citigroup reiterated a "buy" rating and issued a $19.00 price objective (up from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.00.

Insider Transactions at OUTFRONT Media

In other news, EVP Richard H. Sauer sold 29,891 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $15.79, for a total value of $471,978.89. Following the sale, the executive vice president directly 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 SEC, which is accessible through this link. Insiders own 0.47% of the company's stock.

OUTFRONT Media Price Performance

OUT opened at $17.70 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.37. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The stock has a fifty day simple moving average of $16.96 and a two-hundred day simple moving average of $16.76. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.50.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. OUTFRONT Media had a net margin of 5.99% and a return on equity of 17.54%. The company had revenue of $460.20 million during the quarter, compared to analyst estimates of $463.16 million. During the same period last year, the business earned $0.50 EPS. OUTFRONT Media's quarterly revenue was down 3.6% compared to the same quarter last year. Research analysts predict 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. Investors of record on Friday, September 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, September 5th. OUTFRONT Media's dividend payout ratio (DPR) is 206.90%.

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.

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