Insider Selling: OUTFRONT Media Inc. (NYSE:OUT) EVP Sells 20,109 Shares of Stock

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) 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 transaction of $319,330.92. Following the sale, the executive vice president now directly owns 70,836 shares of the company's stock, valued at approximately $1,124,875.68. The trade was a 22.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

OUTFRONT Media Price Performance

Shares of OUT traded down $0.10 during mid-day trading on Tuesday, hitting $15.76. 1,407,140 shares of the company traded hands, compared to its average volume of 1,651,072. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.98. 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 business has a 50-day moving average of $15.64 and a 200 day moving average of $17.08. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.96 and a beta of 1.89.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings data 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). OUTFRONT Media had a net margin of 14.60% and a return on equity of 42.24%. The business had revenue of $390.70 million during the quarter, compared to the consensus estimate of $396.17 million. As a group, equities analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, June 6th were paid a $0.30 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 7.62%. OUTFRONT Media's payout ratio is presently 78.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OUT shares. Citigroup reaffirmed a "buy" rating and set a $19.00 price objective (up previously from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. JPMorgan Chase & Co. dropped their price objective 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. Wells Fargo & Company dropped their price objective on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Wall Street Zen cut shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Finally, Morgan Stanley decreased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $18.23.

Hedge Funds Weigh In On OUTFRONT Media

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in OUTFRONT Media in the fourth quarter valued at approximately $980,000. Polar Asset Management Partners Inc. grew its holdings in shares of OUTFRONT Media by 247.7% in 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 period. Bank of America Corp DE grew its holdings in shares of OUTFRONT Media by 28.2% in 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 period. Jefferies Financial Group Inc. bought a new stake in shares of OUTFRONT Media in the 4th quarter valued at $608,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in OUTFRONT Media by 13.6% during the 4th 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 buying an additional 51,635 shares during the period.

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.