Insider Selling: OUTFRONT Media (NYSE:OUT) EVP Sells 5,000 Shares of Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.35, for a total value of $156,750.00. Following the transaction, the executive vice president owned 86,947 shares in the company, valued at approximately $2,725,788.45. This trade represents a 5.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Stock Performance

Shares of NYSE OUT traded down $0.07 during trading hours on Wednesday, reaching $31.17. 1,628,239 shares of the stock were exchanged, compared to its average volume of 1,690,310. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 1.48 and a beta of 1.49. 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 $15.45 and a 52 week high of $34.96. The stock’s fifty day simple moving average is $31.13 and its 200 day simple moving average is $27.45.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $429.60 million for 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 firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. Sell-side analysts predict that OUTFRONT Media Inc. will post 2.12 EPS for the current year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. OUTFRONT Media’s dividend payout ratio (DPR) is 114.29%.

Hedge Funds Weigh In On OUTFRONT Media

Several hedge funds and other institutional investors have recently modified their holdings of OUT. Advisory Services Network LLC bought a new position in shares of OUTFRONT Media in the 3rd quarter valued at $29,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 686 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of 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 purchasing an additional 1,431 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of OUTFRONT Media in the 4th quarter valued at $71,000. Finally, IFP Advisors Inc increased its stake in shares of 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 purchasing an additional 582 shares during the last quarter.

Analysts Set New Price Targets

OUT has been the topic of a number of recent research reports. Zacks Research lowered OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Barrington Research set a $38.00 price objective on OUTFRONT Media in a report on Tuesday, May 12th. Wall Street Zen raised OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a report on Friday, May 8th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.71.

OUTFRONT Media Company Profile

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.