Arizona State Retirement System Sells 1,571 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Arizona State Retirement System trimmed its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,501 shares of the financial services provider’s stock after selling 1,571 shares during the period. Arizona State Retirement System’s holdings in OUTFRONT Media were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in OUT. Loomis Sayles & Co. L P bought a new stake in OUTFRONT Media in the 4th quarter worth approximately $47,000. Sterling Capital Management LLC grew its stake in OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,522 shares in the last quarter. Rossby Financial LCC bought a new position in shares of OUTFRONT Media during the first quarter valued at approximately $74,000. Lazard Asset Management LLC purchased a new stake in OUTFRONT Media during the fourth quarter valued at approximately $113,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of OUTFRONT Media in the fourth quarter worth $192,000.

OUTFRONT Media Price Performance

Shares of OUT opened at $17.66 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.37. The firm has a market cap of $2.95 billion, a PE ratio of 11.62, a P/E/G ratio of 1.09 and a beta of 1.87. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The firm has a fifty day simple moving average of $16.53 and a two-hundred day simple moving average of $16.76.

OUTFRONT Media (NYSE:OUT) last released 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). OUTFRONT Media had a net margin of 14.60% and a return on equity of 42.24%. The company had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. On average, equities analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.80%. OUTFRONT Media’s dividend payout ratio is presently 78.95%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wells Fargo & Company reiterated an “overweight” rating on shares of OUTFRONT Media in a research report on Sunday. Morgan Stanley lowered their price target on shares of OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Wall Street Zen cut shares of OUTFRONT Media from a “hold” rating to a “sell” rating in a research note on Monday, May 12th. Citigroup reaffirmed a “buy” rating and set a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, OUTFRONT Media currently has a consensus rating of “Hold” and a consensus price target of $18.60.

Insiders Place Their Bets

In other news, EVP Richard H. Sauer sold 20,109 shares of OUTFRONT Media stock in a transaction on Monday, June 16th. The shares were sold at an average price of $15.88, for a total transaction of $319,330.92. Following the completion of the sale, the executive vice president directly owned 70,836 shares in the company, valued at approximately $1,124,875.68. The trade was a 22.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.47% of the stock is currently owned by company insiders.

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.