Richard Sauer Sells 5,000 Shares of OUTFRONT Media (NYSE:OUT) Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total value of $160,400.00. Following the completion of the sale, the executive vice president directly owned 56,947 shares of the company’s stock, valued at $1,826,859.76. This represents a 8.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

OUTFRONT Media Stock Performance

Shares of NYSE OUT opened at $33.16 on Friday. The business’s 50-day simple moving average is $31.54 and its 200-day simple moving average is $27.84. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. OUTFRONT Media Inc. has a 52 week low of $16.05 and a 52 week high of $34.96. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 1.49 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last posted its 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 firm had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. As a group, equities research analysts expect that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given 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 3.6%. OUTFRONT Media’s payout ratio is currently 114.29%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of OUTFRONT Media in the 3rd quarter valued at $29,000. EverSource Wealth Advisors LLC raised its position in OUTFRONT Media by 74.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock valued at $43,000 after buying an additional 686 shares during the last quarter. Farther Finance Advisors LLC raised its position in OUTFRONT Media by 157.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,431 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in OUTFRONT Media in the 4th quarter valued at approximately $71,000. Finally, IFP Advisors Inc lifted its stake in OUTFRONT Media by 16.5% in the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 582 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently weighed in on OUT shares. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research note on Friday, May 8th. Wall Street Zen lowered OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. TD Cowen restated a “buy” rating and issued a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Zacks Research lowered shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a research note on Tuesday, May 12th. 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 company has an average rating of “Moderate Buy” and an average price target of $30.71.

About OUTFRONT Media

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.