XTX Topco Ltd Makes New $1.31 Million Investment in OUTFRONT Media Inc. (NYSE:OUT)

Key Points

• XTX Topco Ltd has acquired 81,335 shares of OUTFRONT Media Inc., valued at approximately $1.3 million, according to a recent 13F filing.
• OUTFRONT Media reported a net margin of 14.60% and a return on equity of 42.24%, but its quarterly earnings missed predictions with an EPS of $0.14 compared to a consensus estimate of $0.15.
• The company announced a quarterly dividend of $0.30, resulting in an annualized yield of 6.8% and a payout ratio of 78.95%.

XTX Topco Ltd purchased a new position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 81,335 shares of the financial services provider's stock, valued at approximately $1,313,000.

Other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of OUTFRONT Media by 672.5% during the 4th 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 valued at $74,000. Lazard Asset Management LLC acquired a new stake in shares of OUTFRONT Media in the fourth quarter valued at about $113,000. IFP Advisors Inc increased its stake in shares of 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 purchasing an additional 3,313 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of OUTFRONT Media by 8.5% during the 1st 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 last quarter.

Insider Activity

In related news, EVP Richard H. Sauer sold 20,109 shares of the company'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 transaction, the executive vice president directly owned 70,836 shares in the company, 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 SEC, which is accessible through this link. 0.47% of the stock is owned by corporate insiders.

OUTFRONT Media Trading Down 1.7%

NYSE:OUT traded down $0.30 during trading hours on Friday, hitting $17.23. The company had a trading volume of 1,770,081 shares, compared to its average volume of 1,194,303. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.37. The company has a 50-day moving average of $16.85 and a 200 day moving average of $16.76. The company has a market cap of $2.88 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.06 and a beta of 1.89. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $19.50.

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

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.0%. OUTFRONT Media's dividend payout ratio (DPR) is currently 78.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OUT shares. Wall Street Zen cut OUTFRONT Media from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Morgan Stanley lowered their price target on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Citigroup reissued a "buy" rating and issued a $19.00 price objective (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Wells Fargo & Company restated an "overweight" rating on shares of OUTFRONT Media in a report on Sunday, July 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, OUTFRONT Media presently has an average rating of "Hold" and an average price target of $18.60.

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.