OUTFRONT Media Inc. (NYSE:OUT) Stake Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in OUTFRONT Media Inc. (NYSE:OUT) by 21.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,157 shares of the financial services provider’s stock after selling 33,002 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of OUTFRONT Media worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other OUTFRONT Media news, EVP Richard H. Sauer sold 29,891 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $471,978.89. Following the completion of the transaction, the executive vice president directly owned 90,945 shares of the company’s stock, valued at $1,436,021.55. This trade represents a 24.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.47% of the company’s stock.

OUTFRONT Media Trading Up 1.0%

OUT opened at $18.03 on Thursday. The company has a debt-to-equity ratio of 4.37, a current ratio of 0.61 and a quick ratio of 0.61. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.98. The firm has a market capitalization of $3.01 billion, a PE ratio of 11.87, a P/E/G ratio of 1.08 and a beta of 1.87. The company’s 50-day moving average is $16.62 and its 200 day moving average is $16.77.

OUTFRONT Media (NYSE:OUT) last posted 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 firm had revenue of $390.70 million during the quarter, compared to analysts’ expectations of $396.17 million. As a group, research analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were paid a $0.30 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 6.66%. OUTFRONT Media’s dividend payout ratio is 78.95%.

Wall Street Analysts Forecast Growth

OUT has been the topic of a number of recent analyst reports. Wall Street Zen lowered OUTFRONT Media from a “hold” rating to a “sell” rating in a research note on Monday, May 12th. Citigroup reiterated a “buy” rating and issued a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Morgan Stanley cut their target price on shares of OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company reiterated an “overweight” rating on shares of OUTFRONT Media in a research report on Sunday. Finally, JPMorgan Chase & Co. decreased their price target on shares of OUTFRONT Media from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.60.

About OUTFRONT Media

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.