Cwm LLC Sells 713 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Cwm LLC decreased its position in OUTFRONT Media Inc. (NYSE:OUT) by 9.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 7,046 shares of the financial services provider’s stock after selling 713 shares during the period. Cwm LLC’s holdings in OUTFRONT Media were worth $114,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of OUT. FMR LLC raised its stake in shares of OUTFRONT Media by 132.5% during the 4th quarter. FMR LLC now owns 15,604,202 shares of the financial services provider’s stock worth $276,819,000 after purchasing an additional 8,892,411 shares in the last quarter. Cohen & Steers Inc. raised its stake in OUTFRONT Media by 87.8% in the 4th quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider’s stock valued at $93,015,000 after acquiring an additional 2,450,632 shares during the period. Benchstone Capital Management LP bought a new stake in OUTFRONT Media in the 4th quarter valued at $29,038,000. LSV Asset Management raised its stake in OUTFRONT Media by 6,623.5% in the 4th quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider’s stock valued at $28,302,000 after acquiring an additional 1,571,634 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in OUTFRONT Media by 145.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,472,416 shares of the financial services provider’s stock valued at $26,121,000 after acquiring an additional 873,484 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup restated a “buy” rating and issued a $19.00 price target (up previously from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Wells Fargo & Company restated an “overweight” rating on shares of OUTFRONT Media in a research note on Sunday, July 20th. JPMorgan Chase & Co. dropped their price target on OUTFRONT Media from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 21st. Wall Street Zen lowered OUTFRONT Media from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, OUTFRONT Media has a consensus rating of “Hold” and an average price target of $18.60.

Insider Activity

In other news, EVP Richard H. Sauer sold 20,109 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $15.88, for a total transaction of $319,330.92. Following the sale, the executive vice president directly owned 70,836 shares of the company’s stock, valued at approximately $1,124,875.68. This represents a 22.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.47% of the company’s stock.

OUTFRONT Media Stock Performance

Shares of NYSE OUT opened at $17.47 on Thursday. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 1.08 and a beta of 1.87. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.50. The company has a debt-to-equity ratio of 4.37, a current ratio of 0.61 and a quick ratio of 0.61. The stock’s fifty day moving average price is $16.78 and its two-hundred day moving average price is $16.77.

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

OUTFRONT Media Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.87%. The ex-dividend date was Friday, June 6th. OUTFRONT Media’s dividend payout ratio (DPR) is currently 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.