Yousif Capital Management LLC Buys 791 Shares of OUTFRONT Media Inc. $OUT

Yousif Capital Management LLC raised its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,633 shares of the financial services provider’s stock after buying an additional 791 shares during the period. Yousif Capital Management LLC’s holdings in OUTFRONT Media were worth $843,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Maryland State Retirement & Pension System increased its stake in shares of OUTFRONT Media by 1.8% in the second quarter. Maryland State Retirement & Pension System now owns 40,753 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 740 shares during the period. KLP Kapitalforvaltning AS increased its stake in shares of OUTFRONT Media by 12.3% in the second quarter. KLP Kapitalforvaltning AS now owns 28,403 shares of the financial services provider’s stock worth $464,000 after purchasing an additional 3,100 shares during the period. DAVENPORT & Co LLC increased its stake in shares of OUTFRONT Media by 1.3% in the second quarter. DAVENPORT & Co LLC now owns 1,635,585 shares of the financial services provider’s stock worth $26,595,000 after purchasing an additional 21,079 shares during the period. ZWJ Investment Counsel Inc. increased its stake in shares of OUTFRONT Media by 2.4% in the second quarter. ZWJ Investment Counsel Inc. now owns 1,477,099 shares of the financial services provider’s stock worth $24,106,000 after purchasing an additional 34,041 shares during the period. Finally, GraniteShares Advisors LLC increased its stake in shares of OUTFRONT Media by 6.7% in the second quarter. GraniteShares Advisors LLC now owns 155,984 shares of the financial services provider’s stock worth $2,546,000 after purchasing an additional 9,746 shares during the period.

OUTFRONT Media Trading Down 0.4%

Shares of OUT opened at $18.33 on Thursday. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.80. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 4.60. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 1.08 and a beta of 1.84. The stock’s 50-day moving average price is $18.42 and its 200 day moving average price is $17.00.

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 analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $460.20 million for the quarter, compared to the consensus estimate of $463.16 million. OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%.The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. As a group, research analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Friday, September 5th. OUTFRONT Media’s payout ratio is presently 206.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wall Street Zen upgraded 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 note on Sunday, July 20th. Barrington Research reiterated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, September 23rd. Finally, Morgan Stanley boosted their price target on OUTFRONT Media from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Insider Buying and Selling

In other OUTFRONT Media news, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of OUTFRONT Media stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $18.06, for a total transaction of $151,704,000.00. Following the sale, the insider directly owned 8,913,813 shares of the company’s stock, valued at approximately $160,983,462.78. The trade was a 48.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Emilio Bonanni sold 4,126 shares of OUTFRONT Media stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $19.38, for a total value of $79,961.88. Following the sale, the executive vice president directly owned 4,170 shares in the company, valued at $80,814.60. The trade was a 49.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by 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.