Russell Investments Group Ltd. Has $7.48 Million Stock Position in OUTFRONT Media Inc. $OUT

Key Points

• Russell Investments Group Ltd. reduced its stake in OUTFRONT Media Inc. by 2.9%, owning 463,351 shares worth approximately $7.5 million after selling 14,054 shares.
• OUTFRONT Media's performance included a reported EPS of $0.51 for the last quarter, surpassing expectations, but with a year-over-year revenue decline of 3.6%.
• The company declared a quarterly dividend of $0.30 per share, reflecting an annualized yield of 6.4%, with a payout ratio of 206.90%.

Russell Investments Group Ltd. decreased its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 463,351 shares of the financial services provider's stock after selling 14,054 shares during the quarter. Russell Investments Group Ltd. owned about 0.28% of OUTFRONT Media worth $7,478,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC increased its position in shares of OUTFRONT Media by 672.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after purchasing an additional 2,522 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of OUTFRONT Media during the 1st quarter worth approximately $74,000. Lazard Asset Management LLC acquired a new position in shares of OUTFRONT Media during the 4th quarter worth approximately $113,000. IFP Advisors Inc increased its holdings in shares of OUTFRONT Media by 97.6% during the 1st quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider's stock worth $113,000 after acquiring an additional 3,313 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of OUTFRONT Media by 8.5% during the 1st quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider's stock worth $149,000 after acquiring an additional 722 shares during the last quarter.

OUTFRONT Media Stock Performance

NYSE OUT traded up $0.3050 on Friday, reaching $19.1850. The stock had a trading volume of 3,568,380 shares, compared to its average volume of 1,558,288. The company has a debt-to-equity ratio of 4.60, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a fifty day moving average of $17.41 and a two-hundred day moving average of $16.72. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.80. The company has a market cap of $3.21 billion, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 1.14 and a beta of 1.89.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%.The firm had revenue of $460.20 million for the quarter, compared to analyst estimates of $463.16 million. During the same period in the prior year, the firm posted $0.50 EPS. The company's revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities research analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, September 5th. OUTFRONT Media's dividend payout ratio is currently 206.90%.

Insider Buying and Selling

In other OUTFRONT Media news, EVP Richard H. Sauer sold 29,891 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $15.79, for a total value of $471,978.89. Following the transaction, the executive vice president directly owned 90,945 shares of the company's stock, valued at $1,436,021.55. This represents a 24.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

OUT has been the topic of a number of recent analyst reports. Morgan Stanley boosted their target price on OUTFRONT Media from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Citigroup reissued a "buy" rating and set a $19.00 target price (up from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. Wells Fargo & Company reissued an "overweight" rating on shares of OUTFRONT Media in a report on Sunday, July 20th. 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 report on Wednesday, May 21st. Finally, Wall Street Zen raised OUTFRONT Media from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $19.00.

About OUTFRONT Media

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.