OUTFRONT Media Inc. $OUT Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 466,105 shares of the financial services provider’s stock after selling 29,562 shares during the quarter. Fisher Asset Management LLC owned 0.28% of OUTFRONT Media worth $7,607,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of OUT. SVB Wealth LLC purchased a new stake in shares of OUTFRONT Media during the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd grew its position in OUTFRONT Media by 158.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 2,041 shares in the last quarter. Rossby Financial LCC raised its stake in shares of OUTFRONT Media by 42.4% during the second quarter. Rossby Financial LCC now owns 6,953 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,071 shares during the period. GAMMA Investing LLC lifted its position in shares of OUTFRONT Media by 113.7% during the second quarter. GAMMA Investing LLC now owns 7,964 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 4,238 shares in the last quarter. Finally, EMC Capital Management purchased a new position in shares of OUTFRONT Media in the second quarter valued at $174,000.

OUTFRONT Media Stock Down 0.4%

NYSE:OUT opened at $23.29 on Friday. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.57. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $23.57. The stock has a 50-day simple moving average of $19.61 and a 200 day simple moving average of $18.22.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Thursday, November 6th. The financial services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The firm had revenue of $467.50 million for 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 quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. Sell-side analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, December 5th. This represents a $1.20 annualized dividend and a yield of 5.2%. OUTFRONT Media’s payout ratio is presently 176.47%.

Insiders Place Their Bets

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,270 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $22.18, for a total transaction of $249,968.60. Following the sale, the director directly owned 58,786 shares of the company’s stock, valued at approximately $1,303,873.48. This represents a 16.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of OUTFRONT Media from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Citigroup reaffirmed a “buy” rating and set a $23.00 target price (up from $20.00) on shares of OUTFRONT Media in a research report on Wednesday, November 12th. TD Cowen raised OUTFRONT Media from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, November 11th. Wall Street Zen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $21.00 target price on shares of OUTFRONT Media in a research report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.00.

About OUTFRONT Media

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.