Quantbot Technologies LP Has $1.17 Million Position in OUTFRONT Media Inc. $OUT

Key Points

• Quantbot Technologies LP significantly increased its holdings in OUTFRONT Media by 366.2% in the first quarter, acquiring a total of 72,541 shares valued at approximately $1.17 million.
• The company announced a quarterly dividend of $0.30 to be paid on September 30th, providing a 6.3% yield based on an annualized dividend of $1.20.
• Recent analyst ratings reflect a consensus of "Moderate Buy" with target prices ranging from $19.00 to $21.00, showcasing optimism about the stock's performance.

Quantbot Technologies LP grew its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 366.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,541 shares of the financial services provider's stock after acquiring an additional 56,980 shares during the quarter. Quantbot Technologies LP's holdings in OUTFRONT Media were worth $1,171,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of OUTFRONT Media by 158.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 2,041 shares during the period. Rossby Financial LCC acquired a new stake in OUTFRONT Media in the first quarter worth about $74,000. Lazard Asset Management LLC acquired a new stake in OUTFRONT Media in the fourth quarter worth about $113,000. IFP Advisors Inc lifted its holdings in OUTFRONT Media by 97.6% in the first quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider's stock worth $113,000 after purchasing an additional 3,313 shares during the period. Finally, Signaturefd LLC lifted its holdings in OUTFRONT Media by 8.5% in the first quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider's stock worth $149,000 after purchasing an additional 722 shares during the period.

OUTFRONT Media Stock Down 1.7%

Shares of NYSE OUT traded down $0.32 during trading hours on Thursday, hitting $18.63. The stock had a trading volume of 529,534 shares, compared to its average volume of 1,594,652. The company has a market capitalization of $3.11 billion, a P/E ratio of 31.85, a P/E/G ratio of 1.10 and a beta of 1.89. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.61 and a current ratio of 0.61. The firm's 50-day moving average price is $17.59 and its two-hundred day moving average price is $16.73. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $19.80.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $460.20 million during the quarter, compared to analysts' expectations of $463.16 million. OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%.The company's revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. Analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, September 5th. OUTFRONT Media's dividend payout ratio is currently 206.90%.

Insider Activity at OUTFRONT Media

In other news, EVP Richard H. Sauer sold 20,109 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $15.88, for a total value of $319,330.92. Following the completion of the sale, the executive vice president directly owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Emilio Bonanni sold 4,126 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $19.38, for a total value of $79,961.88. Following the completion of the sale, the executive vice president directly owned 4,170 shares of the company's stock, valued at $80,814.60. This represents a 49.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,126 shares of company stock valued at $871,272 over the last three months. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OUT shares. Citigroup reaffirmed a "buy" rating and issued a $19.00 price objective (up previously from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. Wall Street Zen raised shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Morgan Stanley upped their price objective on shares of OUTFRONT Media from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Barrington Research reaffirmed an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, August 6th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of OUTFRONT Media in a report on Sunday, July 20th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.