Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 878,360 OUTFRONT Media Inc. (NYSE:OUT)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 878,360 shares of the financial services provider's stock, valued at approximately $14,177,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.53% of OUTFRONT Media at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new position in OUTFRONT Media during the fourth quarter worth about $47,000. Sterling Capital Management LLC boosted its stake in OUTFRONT Media by 672.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after buying an additional 2,522 shares during the period. Rossby Financial LCC purchased a new position in OUTFRONT Media during the first quarter worth about $74,000. Lazard Asset Management LLC purchased a new position in OUTFRONT Media during the fourth quarter worth about $113,000. Finally, IFP Advisors Inc boosted its stake in OUTFRONT Media by 97.6% during the first quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider's stock worth $113,000 after buying an additional 3,313 shares during the period.

Insider Buying and Selling

In other OUTFRONT Media news, EVP Richard H. Sauer sold 29,891 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $15.79, for a total transaction of $471,978.89. Following the sale, the executive vice president directly owned 90,945 shares in the company, valued at approximately $1,436,021.55. The trade was a 24.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

OUT has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating on shares of OUTFRONT Media in a research note on Sunday, July 20th. Wall Street Zen lowered OUTFRONT Media from a "hold" rating to a "sell" rating in a report on Monday, May 12th. Morgan Stanley decreased their price objective on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Citigroup reiterated a "buy" rating and issued a $19.00 price objective (up previously from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. decreased their price objective on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.60.

OUTFRONT Media Stock Performance

OUT traded up $0.16 during trading on Friday, reaching $18.06. The company's stock had a trading volume of 812,319 shares, compared to its average volume of 1,378,555. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $19.50. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 1.08 and a beta of 1.87. The company has a debt-to-equity ratio of 4.37, a quick ratio of 0.61 and a current ratio of 0.61. The company's fifty day moving average price is $16.65 and its 200-day moving average price is $16.77.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $396.17 million. OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. On average, equities analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, June 6th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.65%. The ex-dividend date of this dividend was Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) is 78.95%.

OUTFRONT Media Company 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.