Yousif Capital Management LLC Trims Stake in OUTFRONT Media Inc. (NYSE:OUT)

Yousif Capital Management LLC lowered its position in OUTFRONT Media Inc. (NYSE:OUT) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,842 shares of the financial services provider’s stock after selling 1,635 shares during the quarter. Yousif Capital Management LLC’s holdings in OUTFRONT Media were worth $821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P purchased a new position in OUTFRONT Media during the fourth quarter worth about $47,000. Sterling Capital Management LLC boosted its position in shares of OUTFRONT Media by 672.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 2,522 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of OUTFRONT Media by 155.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 2,555 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of OUTFRONT Media during the fourth quarter worth about $113,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of OUTFRONT Media in the fourth quarter worth approximately $192,000.

Insiders Place Their Bets

In other news, EVP Richard H. Sauer sold 29,891 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $15.79, for a total transaction of $471,978.89. Following the transaction, the executive vice president now directly owns 90,945 shares of the company’s stock, valued at approximately $1,436,021.55. The trade was a 24.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

OUT has been the subject of several research analyst reports. Citigroup reiterated a “buy” rating and set a $19.00 target price (up from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. JPMorgan Chase & Co. lowered their price objective on shares of OUTFRONT Media from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 21st. Barrington Research reaffirmed an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. Finally, Wall Street Zen downgraded OUTFRONT Media from a “hold” rating to a “sell” rating in a research report on Monday, May 12th. One 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.com, OUTFRONT Media currently has an average rating of “Hold” and a consensus price target of $18.23.

OUTFRONT Media Trading Up 1.0%

NYSE:OUT opened at $15.89 on Friday. The firm has a market capitalization of $2.66 billion, a P/E ratio of 10.46, a P/E/G ratio of 0.96 and a beta of 1.89. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 4.37. The company has a fifty day moving average of $15.69 and a 200 day moving average of $17.05. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $19.98.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. OUTFRONT Media had a net margin of 14.60% and a return on equity of 42.24%. On average, research analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, June 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date was Friday, June 6th. OUTFRONT Media’s payout ratio is 78.95%.

OUTFRONT Media Company 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.