Segall Bryant & Hamill LLC Reduces Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Segall Bryant & Hamill LLC decreased its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,261 shares of the financial services provider's stock after selling 16,250 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.23% of OUTFRONT Media worth $6,283,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OUT. FMR LLC increased its stake in shares of OUTFRONT Media by 132.5% during the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock valued at $276,819,000 after purchasing an additional 8,892,411 shares in the last quarter. Cohen & Steers Inc. raised its position in OUTFRONT Media by 87.8% during the 4th quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider's stock worth $93,015,000 after buying an additional 2,450,632 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of OUTFRONT Media by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 4,115,268 shares of the financial services provider's stock worth $73,005,000 after acquiring an additional 342,413 shares during the period. Lasalle Investment Management Securities LLC grew its position in shares of OUTFRONT Media by 2.1% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,146,553 shares of the financial services provider's stock worth $55,820,000 after buying an additional 64,072 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in OUTFRONT Media by 7.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,248,114 shares of the financial services provider's stock worth $36,285,000 after purchasing an additional 153,617 shares in the last quarter.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 20,109 shares of the firm's 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 owned 70,836 shares in the company, valued at approximately $1,124,875.68. This trade represents a 22.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OUT. Barrington Research reaffirmed an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Wells Fargo & Company decreased their price target on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Citigroup reiterated 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 cut shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Finally, Morgan Stanley decreased their target price on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, OUTFRONT Media presently has a consensus rating of "Hold" and an average target price of $18.60.

OUTFRONT Media Price Performance

OUT opened at $18.22 on Friday. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $19.98. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.10 and a beta of 1.87. The stock has a fifty day moving average price of $16.47 and a 200 day moving average price of $16.78. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.37.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly 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). The firm had revenue of $390.70 million during the quarter, compared to the consensus estimate of $396.17 million. OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. Analysts forecast that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend was Friday, June 6th. OUTFRONT Media's dividend payout ratio is currently 78.95%.

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.

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