OUTFRONT Media Inc. $OUT Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 17.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 15,663 shares of the financial services provider’s stock after selling 3,383 shares during the period. Cetera Investment Advisers’ holdings in OUTFRONT Media were worth $253,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in OUT. Sterling Capital Management LLC grew its holdings 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 in the last quarter. Rossby Financial LCC bought a new position in OUTFRONT Media in the 1st quarter worth $74,000. Lazard Asset Management LLC acquired a new stake in OUTFRONT Media in the 4th quarter worth $113,000. IFP Advisors Inc grew its position in OUTFRONT Media by 97.6% in the 1st quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 3,313 shares during the last quarter. Finally, Signaturefd LLC grew its position in OUTFRONT Media by 8.5% in the 1st quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 722 shares during the last quarter.

Insiders Place Their Bets

In other news, EVP Richard H. Sauer sold 20,109 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $15.88, for a total value of $319,330.92. Following the completion of the sale, the executive vice president directly owned 70,836 shares in the company, valued at $1,124,875.68. This trade represents a 22.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

OUT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of OUTFRONT Media from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, May 21st. Wall Street Zen raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Wells Fargo & Company reiterated an “overweight” rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. Barrington Research reissued an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, August 6th. Finally, Morgan Stanley increased their target price on shares of OUTFRONT Media from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

OUTFRONT Media Trading Down 0.6%

Shares of OUT opened at $18.8810 on Friday. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $19.50. The business’s fifty day moving average is $17.34 and its 200-day moving average is $16.73. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 1.13 and a beta of 1.89.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%.The company had revenue of $460.20 million for the quarter, compared to the consensus estimate of $463.16 million. During the same quarter last year, the business posted $0.50 EPS. OUTFRONT Media’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Friday, September 5th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 206.90%.

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.