OUTFRONT Media Inc. (NYSE:OUT) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 429.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,760 shares of the financial services provider's stock after purchasing an additional 26,577 shares during the quarter. SG Americas Securities LLC's holdings in OUTFRONT Media were worth $529,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in OUTFRONT Media by 132.5% in the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock valued at $276,819,000 after purchasing an additional 8,892,411 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in shares of OUTFRONT Media by 87.8% in the fourth quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider's stock valued at $93,015,000 after acquiring an additional 2,450,632 shares during the period. Wellington Management Group LLP boosted its holdings in shares of OUTFRONT Media by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 4,115,268 shares of the financial services provider's stock valued at $73,005,000 after acquiring an additional 342,413 shares during the period. Lasalle Investment Management Securities LLC boosted its holdings in shares of OUTFRONT Media by 2.1% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,146,553 shares of the financial services provider's stock valued at $55,820,000 after acquiring an additional 64,072 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of OUTFRONT Media by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,054,331 shares of the financial services provider's stock valued at $54,184,000 after acquiring an additional 15,455 shares during the period.

Insiders Place Their Bets

In related news, EVP Richard H. Sauer sold 20,109 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $15.88, for a total transaction of $319,330.92. Following the transaction, the executive vice president now directly owns 70,836 shares of the company's stock, valued at approximately $1,124,875.68. The trade was a 22.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barrington Research reissued an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Wells Fargo & Company decreased their price objective on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Citigroup reissued a "buy" rating and issued a $19.00 price objective (up from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. Wall Street Zen cut OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. cut their price target on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.23.

OUTFRONT Media Stock Down 0.5%

OUT opened at $15.80 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 4.37. The firm has a market cap of $2.64 billion, a P/E ratio of 10.40, a PEG ratio of 0.96 and a beta of 1.89. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $19.98. The business's fifty day simple moving average is $15.71 and its 200 day simple moving average is $16.99.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. The business had revenue of $390.70 million during the quarter, compared to analyst estimates of $396.17 million. As a group, equities research analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, June 6th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date was Friday, June 6th. OUTFRONT Media's payout ratio is 78.95%.

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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