OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 33.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,284 shares of the financial services provider's stock after selling 43,524 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of OUTFRONT Media worth $1,409,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Rossby Financial LCC purchased a new position in OUTFRONT Media during the first quarter worth approximately $74,000. Sumitomo Mitsui Trust Group Inc. boosted its position in OUTFRONT Media by 7.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,248,114 shares of the financial services provider's stock worth $36,285,000 after purchasing an additional 153,617 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in OUTFRONT Media by 2.5% during the first quarter. Illinois Municipal Retirement Fund now owns 77,166 shares of the financial services provider's stock worth $1,245,000 after purchasing an additional 1,891 shares in the last quarter. GraniteShares Advisors LLC boosted its position in OUTFRONT Media by 3.9% during the first quarter. GraniteShares Advisors LLC now owns 146,238 shares of the financial services provider's stock worth $2,360,000 after purchasing an additional 5,481 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in OUTFRONT Media by 8.5% during the first quarter. Fifth Third Bancorp now owns 12,596 shares of the financial services provider's stock worth $203,000 after purchasing an additional 988 shares in the last quarter.

OUTFRONT Media Trading Up 2.6%

OUTFRONT Media stock traded up $0.46 during trading on Wednesday, reaching $18.13. 1,314,605 shares of the company were exchanged, compared to its average volume of 1,664,318. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $19.98. The company has a market capitalization of $3.03 billion, a P/E ratio of 11.94, a PEG ratio of 1.09 and a beta of 1.87. The company has a debt-to-equity ratio of 4.37, a current ratio of 0.61 and a quick ratio of 0.61. The stock's 50 day simple moving average is $16.36 and its two-hundred day simple moving average is $16.77.

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

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, June 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 6.62%. OUTFRONT Media's dividend payout ratio (DPR) is 78.95%.

Analyst Ratings Changes

OUT has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Citigroup restated a "buy" rating and issued a $19.00 target price (up previously from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. JPMorgan Chase & Co. decreased their target price 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. Wells Fargo & Company decreased 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, Barrington Research restated an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $18.23.

Insider Transactions at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 20,109 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president owned 70,836 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by company insiders.

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.