UBS Group AG Cuts Stock Holdings in OUTFRONT Media Inc. $OUT

UBS Group AG decreased its position in shares of OUTFRONT Media Inc. (NYSE:OUTFree Report) by 40.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,096,657 shares of the financial services provider’s stock after selling 752,136 shares during the period. UBS Group AG’s holdings in OUTFRONT Media were worth $26,429,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OUT. Advisory Services Network LLC purchased a new stake in OUTFRONT Media in the third quarter worth approximately $29,000. Farther Finance Advisors LLC boosted its holdings in OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,431 shares during the last quarter. IFP Advisors Inc boosted its holdings in OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 582 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in OUTFRONT Media by 224.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 7,853 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 5,432 shares during the last quarter. Finally, Rossby Financial LCC boosted its holdings in OUTFRONT Media by 14.2% in the third quarter. Rossby Financial LCC now owns 7,942 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 989 shares during the last quarter.

OUTFRONT Media Trading Down 0.0%

Shares of OUTFRONT Media stock opened at $33.88 on Monday. The company’s fifty day simple moving average is $28.49 and its 200-day simple moving average is $25.00. The stock has a market capitalization of $5.97 billion, a PE ratio of 32.27, a P/E/G ratio of 1.63 and a beta of 1.50. OUTFRONT Media Inc. has a 1-year low of $14.45 and a 1-year high of $34.96. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.92.

OUTFRONT Media (NYSE:OUTGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. The business had revenue of $429.60 million for the quarter, compared to analysts’ expectations of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. As a group, equities analysts anticipate that OUTFRONT Media Inc. will post 2.08 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.5%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 114.29%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OUT shares. Wells Fargo & Company raised their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Barrington Research raised their target price on shares of OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a research note on Friday. Finally, Wall Street Zen upgraded shares of OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

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Trending Headlines about OUTFRONT Media

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Insider Transactions at OUTFRONT Media

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $26.93, for a total transaction of $303,528.03. Following the sale, the director directly owned 36,244 shares of the company’s stock, valued at $976,050.92. This trade represents a 23.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matthew Siegel sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total value of $1,289,500.00. Following the sale, the executive vice president directly owned 289,925 shares in the company, valued at approximately $7,477,165.75. This represents a 14.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.47% of the stock is owned by company insiders.

OUTFRONT Media Profile

(Free Report)

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.

Further Reading

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Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

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