Asset Management One Co. Ltd. Boosts Position in OUTFRONT Media Inc. $OUT

Asset Management One Co. Ltd. lifted its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 200,228 shares of the financial services provider’s stock after acquiring an additional 910 shares during the period. Asset Management One Co. Ltd. owned 0.12% of OUTFRONT Media worth $3,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Signaturefd LLC raised its holdings in shares of OUTFRONT Media by 8.5% during the 1st quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 722 shares during the period. Maryland State Retirement & Pension System raised its holdings in shares of OUTFRONT Media by 1.8% during the 2nd quarter. Maryland State Retirement & Pension System now owns 40,753 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 740 shares during the period. Yousif Capital Management LLC raised its holdings in shares of OUTFRONT Media by 1.6% during the 2nd quarter. Yousif Capital Management LLC now owns 51,633 shares of the financial services provider’s stock worth $843,000 after acquiring an additional 791 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of OUTFRONT Media by 0.4% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 212,014 shares of the financial services provider’s stock worth $3,422,000 after acquiring an additional 915 shares during the period. Finally, M&T Bank Corp raised its holdings in shares of OUTFRONT Media by 12.4% during the 1st quarter. M&T Bank Corp now owns 12,665 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 1,397 shares during the period.

OUTFRONT Media Stock Performance

NYSE OUT opened at $17.05 on Thursday. The company has a market cap of $2.85 billion, a P/E ratio of 29.16, a P/E/G ratio of 1.03 and a beta of 1.84. The company has a debt-to-equity ratio of 4.60, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a 50-day moving average of $18.31 and a two-hundred day moving average of $17.16. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.80.

OUTFRONT Media (NYSE:OUT) last released its earnings results 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. The company had revenue of $460.20 million during 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%.OUTFRONT Media’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. As a group, analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Friday, September 5th. OUTFRONT Media’s payout ratio is currently 206.90%.

Analysts Set New Price Targets

Several brokerages recently issued reports on OUT. Wall Street Zen upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Wells Fargo & Company restated an “overweight” rating on shares of OUTFRONT Media in a report on Sunday, July 20th. Barrington Research restated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Tuesday, September 23rd. Finally, Morgan Stanley boosted their price objective on shares of OUTFRONT Media from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Insider Activity

In other OUTFRONT Media news, EVP Mark Emilio Bonanni sold 4,126 shares of OUTFRONT Media stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $19.38, for a total value of $79,961.88. Following the completion of the transaction, the executive vice president directly owned 4,170 shares of the company’s stock, valued at $80,814.60. The trade was a 49.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of OUTFRONT Media stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $18.06, for a total value of $151,704,000.00. Following the completion of the transaction, the insider directly owned 8,913,813 shares of the company’s stock, valued at approximately $160,983,462.78. This represents a 48.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.47% of the company’s stock.

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.