OUTFRONT Media Inc. $OUT Shares Sold by Peregrine Capital Management LLC

Key Points

• Peregrine Capital trimmed its stake in OUTFRONT Media by 21.1% in Q4, selling 65,465 shares and leaving it with 244,401 shares (~0.15% of the company) valued at about $5.89 million.
• Company insiders recently sold material positions — Director Manuel A. Diaz sold 11,271 shares and EVP Matthew Siegel sold 50,000 shares (the EVP sale executed under a pre-arranged Rule 10b5-1 plan) — leaving insiders with roughly 0.47% ownership.
• OUT reported an EPS miss of $0.55 vs. $0.71 expected while revenue roughly matched estimates, and announced a $0.30 quarterly dividend (a 4.0% yield) with a high payout ratio of 150%, suggesting potential sustainability concerns.

Peregrine Capital Management LLC trimmed its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,401 shares of the financial services provider's stock after selling 65,465 shares during the period. Peregrine Capital Management LLC owned about 0.15% of OUTFRONT Media worth $5,890,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in OUT. Advisory Services Network LLC acquired a new position in shares of OUTFRONT Media in the 3rd quarter valued at approximately $29,000. Private Trust Co. NA acquired a new stake in shares of OUTFRONT Media during the 3rd quarter valued at approximately $33,000. Farther Finance Advisors LLC raised its position in shares of OUTFRONT Media by 157.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 1,431 shares in the last quarter. IFP Advisors Inc raised its position in shares of OUTFRONT Media by 16.5% during the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider's stock valued at $78,000 after acquiring an additional 582 shares in the last quarter. Finally, State of Wyoming raised its position in shares of OUTFRONT Media by 155.5% during the 2nd quarter. State of Wyoming now owns 7,973 shares of the financial services provider's stock valued at $130,000 after acquiring an additional 4,853 shares in the last quarter.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $26.93, for a total value of $303,528.03. Following the sale, the director directly owned 36,244 shares of the company's stock, valued at $976,050.92. This trade represents a 23.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Matthew Siegel sold 50,000 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total value of $1,289,500.00. Following the completion of the sale, the executive vice president directly owned 289,925 shares in the company, valued at $7,477,165.75. This represents a 14.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.47% of the stock is owned by company insiders.

OUTFRONT Media Stock Performance

OUT stock opened at $29.85 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.63. The firm has a market cap of $5.26 billion, a P/E ratio of 37.32, a P/E/G ratio of 1.45 and a beta of 1.51. OUTFRONT Media Inc. has a 12-month low of $14.45 and a 12-month high of $30.50. The stock's 50 day simple moving average is $27.62 and its 200 day simple moving average is $24.15.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.16). OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%.The company had revenue of $513.30 million during the quarter, compared to analyst estimates of $511.61 million. As a group, equities research analysts predict that OUTFRONT Media Inc. will post 2.07 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.20 annualized dividend and a yield of 4.0%. OUTFRONT Media's dividend payout ratio (DPR) is currently 150.00%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OUT shares. Barrington Research upped their price target on OUTFRONT Media from $27.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, March 2nd. TD Cowen upped their price target on OUTFRONT Media from $24.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Wells Fargo & Company upped their price target on OUTFRONT Media from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, February 27th. Finally, Zacks Research lowered OUTFRONT Media from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.86.

OUTFRONT Media Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.

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