Teacher Retirement System of Texas Sells 43,524 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Teacher Retirement System of Texas lowered its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 33.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of OUTFRONT Media by 1.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider's stock worth $532,000 after acquiring an additional 558 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of OUTFRONT Media by 5.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider's stock valued at $199,000 after purchasing an additional 596 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of OUTFRONT Media by 4.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider's stock valued at $284,000 after purchasing an additional 629 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of OUTFRONT Media by 2.8% in the 4th quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider's stock valued at $467,000 after purchasing an additional 706 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in shares of OUTFRONT Media by 5.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,484 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 812 shares during the last quarter.

OUTFRONT Media Trading Up 1.8%

NYSE:OUT traded up $0.31 on Monday, reaching $17.92. The company's stock had a trading volume of 152,430 shares, compared to its average volume of 1,655,853. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The company has a debt-to-equity ratio of 4.37, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $2.99 billion, a PE ratio of 11.82, a PEG ratio of 1.07 and a beta of 1.87. The business's 50-day moving average price is $16.28 and its two-hundred day moving average price is $16.76.

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 analysts' consensus estimates of $0.15 by ($0.01). OUTFRONT Media had a net margin of 14.60% and a return on equity of 42.24%. The business had revenue of $390.70 million during the quarter, compared to analyst estimates of $396.17 million. Equities research analysts anticipate that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The business 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 6.70%. The ex-dividend date of this dividend was Friday, June 6th. OUTFRONT Media's payout ratio is currently 78.95%.

Insiders Place Their Bets

In other OUTFRONT Media news, EVP Richard H. Sauer sold 29,891 shares of OUTFRONT Media stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $471,978.89. Following the transaction, the executive vice president owned 90,945 shares of the company's stock, valued at approximately $1,436,021.55. The trade was a 24.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

OUT has been the topic of several recent research reports. Wells Fargo & Company reduced their target price on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Morgan Stanley reduced their target price on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Barrington Research reaffirmed an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their target price on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $18.23.

OUTFRONT Media Company 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.