Bailard Inc. Buys 28,667 Shares of OUTFRONT Media Inc. $OUT

Bailard Inc. boosted its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 160.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,552 shares of the financial services provider’s stock after purchasing an additional 28,667 shares during the period. Bailard Inc.’s holdings in OUTFRONT Media were worth $760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OUT. 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 period. Maryland State Retirement & Pension System boosted its stake in shares of OUTFRONT Media by 1.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 40,753 shares of the financial services provider’s stock worth $665,000 after buying an additional 740 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of OUTFRONT Media by 2.1% in the second quarter. Bank of Montreal Can now owns 36,066 shares of the financial services provider’s stock worth $589,000 after acquiring an additional 758 shares during the period. Yousif Capital Management LLC increased its position in OUTFRONT Media by 1.6% during the second quarter. Yousif Capital Management LLC now owns 51,633 shares of the financial services provider’s stock valued at $843,000 after acquiring an additional 791 shares during the last quarter. Finally, Assetmark Inc. increased its position in OUTFRONT Media by 2.2% during the second quarter. Assetmark Inc. now owns 42,908 shares of the financial services provider’s stock valued at $700,000 after acquiring an additional 909 shares during the last quarter.

OUTFRONT Media Stock Up 1.6%

Shares of OUT opened at $22.05 on Friday. The business’s 50 day moving average is $18.46 and its 200 day moving average is $17.54. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 4.75. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $22.17. The company has a market capitalization of $3.69 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 1.27 and a beta of 1.82.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.21). The business had revenue of $467.50 million during the quarter, compared to the consensus estimate of $458.32 million. OUTFRONT Media had a return on equity of 21.56% and a net margin of 6.86%.The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. Research analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, December 5th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 176.47%.

Analyst Upgrades and Downgrades

OUT has been the topic of several research reports. New Street Research set a $24.00 target price on OUTFRONT Media in a research report on Tuesday. JPMorgan Chase & Co. raised shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $25.00 in a report on Wednesday. Morgan Stanley upped their target price on shares of OUTFRONT Media from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Citigroup reiterated a “buy” rating and issued a $23.00 price target (up from $20.00) on shares of OUTFRONT Media in a research report on Wednesday. Finally, TD Cowen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, OUTFRONT Media presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Insiders Place Their Bets

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

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.