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

SG Americas Securities LLC boosted its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 429.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,760 shares of the financial services provider's stock after acquiring an additional 26,577 shares during the period. SG Americas Securities LLC's holdings in OUTFRONT Media were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System lifted its holdings in shares of OUTFRONT Media by 8.2% during the 4th quarter. New York State Teachers Retirement System now owns 112,403 shares of the financial services provider's stock valued at $1,994,000 after purchasing an additional 8,554 shares during the last quarter. Principal Financial Group Inc. increased its position in OUTFRONT Media by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 670,830 shares of the financial services provider's stock valued at $11,901,000 after buying an additional 19,317 shares in the last quarter. Truist Financial Corp raised its stake in OUTFRONT Media by 8.2% in the fourth quarter. Truist Financial Corp now owns 19,427 shares of the financial services provider's stock valued at $345,000 after buying an additional 1,474 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in OUTFRONT Media by 1.2% in the fourth quarter. New York State Common Retirement Fund now owns 156,159 shares of the financial services provider's stock worth $2,770,000 after acquiring an additional 1,865 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in OUTFRONT Media by 15.1% in the fourth quarter. Private Advisor Group LLC now owns 28,553 shares of the financial services provider's stock worth $507,000 after acquiring an additional 3,754 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OUT shares. JPMorgan Chase & Co. decreased their price objective 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. Morgan Stanley decreased their price target on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Citigroup reissued a "buy" rating and set a $19.00 price objective (up from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. Wells Fargo & Company cut their target price on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Finally, Wall Street Zen cut OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $18.23.

Insider Buying and Selling

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

OUTFRONT Media Stock Performance

Shares of NYSE:OUT traded up $0.59 during midday trading on Thursday, reaching $16.39. The company's stock had a trading volume of 1,363,765 shares, compared to its average volume of 1,655,193. 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 stock has a fifty day moving average of $15.84 and a 200 day moving average of $16.93. OUTFRONT Media Inc. has a twelve month low of $12.95 and a twelve month high of $19.98. The firm has a market capitalization of $2.74 billion, a PE ratio of 10.79, a P/E/G ratio of 0.96 and a beta of 1.89.

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

OUTFRONT Media Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.32%. The ex-dividend date was Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) 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.