XTX Topco Ltd Decreases Holdings in OUTFRONT Media Inc. $OUT

XTX Topco Ltd cut its stake in OUTFRONT Media Inc. (NYSE:OUT) by 28.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,943 shares of the financial services provider’s stock after selling 23,392 shares during the quarter. XTX Topco Ltd’s holdings in OUTFRONT Media were worth $946,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Maryland State Retirement & Pension System grew its stake in shares of OUTFRONT Media by 1.8% in the second quarter. Maryland State Retirement & Pension System now owns 40,753 shares of the financial services provider’s stock valued at $665,000 after buying an additional 740 shares in the last quarter. Bank of Montreal Can raised its stake in shares of OUTFRONT Media by 2.1% during the second quarter. Bank of Montreal Can now owns 36,066 shares of the financial services provider’s stock valued at $589,000 after purchasing an additional 758 shares during the period. Yousif Capital Management LLC lifted its position in shares of OUTFRONT Media by 1.6% during the second quarter. Yousif Capital Management LLC now owns 51,633 shares of the financial services provider’s stock worth $843,000 after purchasing an additional 791 shares in the last quarter. Assetmark Inc. boosted its stake in shares of OUTFRONT Media by 2.2% in the second quarter. Assetmark Inc. now owns 42,908 shares of the financial services provider’s stock valued at $700,000 after purchasing an additional 909 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in OUTFRONT Media by 0.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 200,228 shares of the financial services provider’s stock valued at $3,268,000 after purchasing an additional 910 shares in the last quarter.

OUTFRONT Media Stock Up 1.8%

OUT stock opened at $23.53 on Monday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 1.33 and a beta of 1.57. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $23.57. The firm has a fifty day moving average price of $19.23 and a two-hundred day moving average price of $18.06. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.79 and a quick ratio of 0.79.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.21). The business had revenue of $467.50 million during the quarter, compared to analyst estimates of $458.32 million. OUTFRONT Media had a net margin of 6.86% and a return on equity of 21.56%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. Research analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, December 5th. OUTFRONT Media’s dividend payout ratio is presently 176.47%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OUT. Cowen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Tuesday, November 11th. Citigroup reaffirmed a “buy” rating and set a $23.00 target price (up from $20.00) on shares of OUTFRONT Media in a research report on Wednesday, November 12th. Barrington Research reissued an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Friday, November 7th. JPMorgan Chase & Co. upgraded OUTFRONT Media from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $19.00 to $25.00 in a research note on Wednesday, November 12th. Finally, Morgan Stanley upped their target price on OUTFRONT Media from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Insider Activity at OUTFRONT Media

In other OUTFRONT Media news, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $18.06, for a total value of $151,704,000.00. Following the sale, the insider directly owned 8,913,813 shares of the company’s stock, valued at $160,983,462.78. This trade represents a 48.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Manuel A. Diaz sold 11,270 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $22.18, for a total transaction of $249,968.60. Following the transaction, the director directly owned 58,786 shares of the company’s stock, valued at approximately $1,303,873.48. This trade represents a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.47% of the company’s stock.

OUTFRONT Media Profile

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.