Public Sector Pension Investment Board Has $7.05 Million Position in OUTFRONT Media Inc. (NYSE:OUT)

Public Sector Pension Investment Board boosted its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 27.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 436,940 shares of the financial services provider's stock after buying an additional 93,724 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.26% of OUTFRONT Media worth $7,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its stake in shares of OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 2,522 shares during the period. Rossby Financial LCC acquired a new position in shares of OUTFRONT Media in the 1st quarter valued at about $74,000. Lazard Asset Management LLC acquired a new position in shares of OUTFRONT Media in the 4th quarter valued at about $113,000. IFP Advisors Inc lifted its stake in shares of OUTFRONT Media by 97.6% in the 1st quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider's stock valued at $113,000 after purchasing an additional 3,313 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of OUTFRONT Media by 8.5% in the 1st quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider's stock valued at $149,000 after purchasing an additional 722 shares during the period.

Insider Activity

In other news, EVP Richard H. Sauer sold 20,109 shares of the business's stock in a transaction on Monday, June 16th. The shares were 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. The trade was a 22.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by insiders.

OUTFRONT Media Trading Down 2.1%

NYSE:OUT opened at $18.39 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.60. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $19.50. The company has a market cap of $3.07 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.89. The company has a 50 day simple moving average of $17.09 and a two-hundred day simple moving average of $16.71.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. OUTFRONT Media had a net margin of 5.99% and a return on equity of 18.07%. The business had revenue of $460.20 million during the quarter, compared to the consensus estimate of $463.16 million. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm's revenue was down 3.6% on a year-over-year basis. Research analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.5%. OUTFRONT Media's payout ratio is presently 206.90%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an "overweight" rating on shares of OUTFRONT Media in a research note on Sunday, July 20th. Morgan Stanley increased their target price on OUTFRONT Media from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Barrington Research restated an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Citigroup restated a "buy" rating and set a $19.00 price target (up previously from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, OUTFRONT Media has a consensus rating of "Hold" and a consensus target price of $19.00.

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.

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