Wealth Enhancement Advisory Services LLC Makes New Investment in OUTFRONT Media Inc. (NYSE:OUT)

Wealth Enhancement Advisory Services LLC purchased a new stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 20,561 shares of the financial services provider's stock, valued at approximately $365,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in OUTFRONT Media during the fourth quarter valued at $980,000. Polar Asset Management Partners Inc. grew its position in shares of OUTFRONT Media by 247.7% during the 4th quarter. Polar Asset Management Partners Inc. now owns 677,930 shares of the financial services provider's stock valued at $12,026,000 after buying an additional 482,930 shares during the last quarter. Bank of America Corp DE grew its position in shares of OUTFRONT Media by 28.2% during the 4th quarter. Bank of America Corp DE now owns 346,544 shares of the financial services provider's stock valued at $6,148,000 after buying an additional 76,306 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in OUTFRONT Media during the fourth quarter worth about $608,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in OUTFRONT Media by 13.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 430,880 shares of the financial services provider's stock worth $7,644,000 after acquiring an additional 51,635 shares during the last quarter.

Insider Activity

In related news, EVP Richard H. Sauer sold 20,109 shares of the business'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 transaction of $319,330.92. Following the sale, the executive vice president now owns 70,836 shares of the company's stock, valued at $1,124,875.68. The trade was a 22.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on OUT. JPMorgan Chase & Co. lowered their target price on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Wells Fargo & Company lowered their price objective on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Wall Street Zen cut OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Morgan Stanley reduced their price target on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $18.23.

OUTFRONT Media Stock Performance

OUT stock traded down $0.10 during trading on Tuesday, reaching $15.76. 1,407,140 shares of the company's stock were exchanged, compared to its average volume of 1,651,072. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The firm has a market cap of $2.63 billion, a PE ratio of 10.37, a P/E/G ratio of 0.96 and a beta of 1.89. The company's fifty day moving average price is $15.64 and its 200-day moving average price is $17.08. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 4.37.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The company had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. OUTFRONT Media had a net margin of 14.60% and a return on equity of 42.24%. On average, research analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date 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.