New Age Alpha Advisors LLC Increases Stake in 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 grew its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 162.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,675 shares of the financial services provider's stock after acquiring an additional 76,486 shares during the quarter. New Age Alpha Advisors LLC owned 0.07% of OUTFRONT Media worth $1,996,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in OUT. FMR LLC increased its stake in shares of OUTFRONT Media by 132.5% in the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock worth $276,819,000 after buying an additional 8,892,411 shares during the period. Cohen & Steers Inc. boosted its holdings in shares of OUTFRONT Media by 87.8% during the 4th quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider's stock valued at $93,015,000 after buying an additional 2,450,632 shares in the last quarter. Benchstone Capital Management LP bought a new stake in shares of OUTFRONT Media during the 4th quarter valued at $29,038,000. LSV Asset Management boosted its holdings in shares of OUTFRONT Media by 6,623.5% during the 4th quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider's stock valued at $28,302,000 after buying an additional 1,571,634 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in OUTFRONT Media in the 1st quarter worth about $14,177,000.

OUTFRONT Media Price Performance

Shares of NYSE OUT traded up $0.04 during midday trading on Monday, reaching $16.79. 281,899 shares of the stock traded hands, compared to its average volume of 1,582,427. The company has a debt-to-equity ratio of 4.60, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $2.81 billion, a PE ratio of 28.68, a P/E/G ratio of 1.01 and a beta of 1.89. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.50. The company's 50 day moving average is $16.98 and its 200 day moving average is $16.71.

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

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.1%. The ex-dividend date is Friday, September 5th. OUTFRONT Media's dividend payout ratio is presently 206.90%.

Insiders Place Their Bets

In other OUTFRONT Media news, EVP Richard H. Sauer sold 20,109 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $15.88, for a total value of $319,330.92. Following the sale, the executive vice president owned 70,836 shares in the company, valued at $1,124,875.68. This trade represents a 22.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barrington Research reiterated an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, August 6th. Morgan Stanley upped their price target on shares of OUTFRONT Media from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company reissued an "overweight" rating on shares of OUTFRONT Media in a report on Sunday, July 20th. Finally, Citigroup reissued a "buy" rating and issued a $19.00 target price (up from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.00.

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.