BTC Capital Management Inc. Takes Position in OUTFRONT Media Inc. $OUT

BTC Capital Management Inc. purchased a new stake in shares of OUTFRONT Media Inc. (NYSE:OUT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 150,526 shares of the financial services provider’s stock, valued at approximately $3,625,000. BTC Capital Management Inc. owned about 0.09% of OUTFRONT Media at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in OUTFRONT Media by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after purchasing an additional 448,993 shares during the last quarter. Wellington Management Group LLP increased its position in shares of OUTFRONT Media by 15.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,973,868 shares of the financial services provider’s stock valued at $72,801,000 after purchasing an additional 527,258 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of OUTFRONT Media by 10.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,888,621 shares of the financial services provider’s stock worth $47,142,000 after purchasing an additional 275,023 shares during the period. GRS Advisors LLC raised its stake in shares of OUTFRONT Media by 12.8% during the 3rd quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock worth $45,218,000 after purchasing an additional 279,326 shares during the period. Finally, Advisors Capital Management LLC boosted its holdings in shares of OUTFRONT Media by 16.8% in the 3rd quarter. Advisors Capital Management LLC now owns 2,197,384 shares of the financial services provider’s stock worth $40,256,000 after buying an additional 316,107 shares during the last quarter.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $26.48 on Wednesday. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $29.27. The firm’s 50 day moving average is $26.44 and its 200 day moving average is $23.00. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $4.66 billion, a P/E ratio of 33.10, a PEG ratio of 1.26 and a beta of 1.51.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.16). The firm had revenue of $513.30 million during the quarter, compared to the consensus estimate of $511.61 million. OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. On average, sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were given a $0.30 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.20 annualized dividend and a yield of 4.5%. OUTFRONT Media’s payout ratio is 150.00%.

Insider Buying and Selling

In related news, Director Manuel A. Diaz sold 11,271 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $26.93, for a total value of $303,528.03. Following the transaction, the director owned 36,244 shares of the company’s stock, valued at $976,050.92. This represents a 23.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OUT. TD Cowen raised their price objective on shares of OUTFRONT Media from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Morgan Stanley upgraded shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $20.00 to $28.00 in a research note on Tuesday, December 16th. Zacks Research downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Barrington Research raised their price target on shares of OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Finally, Wells Fargo & Company lifted their price target on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.86.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.