Burney Co. Acquires Shares of 30,513 OUTFRONT Media Inc. $OUT

Burney Co. acquired a new stake in shares of OUTFRONT Media Inc. (NYSE:OUT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,513 shares of the financial services provider’s stock, valued at approximately $735,000.

Other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in OUTFRONT Media by 85.2% in the second quarter. Ameriprise Financial Inc. now owns 1,788,695 shares of the financial services provider’s stock valued at $29,192,000 after buying an additional 822,845 shares during the last quarter. Woodline Partners LP acquired a new stake in OUTFRONT Media during the third quarter valued at approximately $13,705,000. Balyasny Asset Management L.P. raised its stake in OUTFRONT Media by 5,097.6% during the third quarter. Balyasny Asset Management L.P. now owns 706,880 shares of the financial services provider’s stock valued at $12,950,000 after buying an additional 693,280 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its position in shares of OUTFRONT Media by 64.8% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,525,090 shares of the financial services provider’s stock worth $27,940,000 after acquiring an additional 599,610 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of OUTFRONT Media by 360.5% in the 3rd quarter. Sei Investments Co. now owns 710,750 shares of the financial services provider’s stock worth $13,021,000 after acquiring an additional 556,419 shares in the last quarter.

Analyst Ratings Changes

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

Insider Activity at OUTFRONT Media

In related news, EVP Matthew Siegel sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total value of $1,289,500.00. Following the sale, the executive vice president owned 289,925 shares of the company’s stock, valued at approximately $7,477,165.75. This trade represents a 14.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel A. Diaz sold 11,271 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 36,244 shares in the company, valued at approximately $976,050.92. This trade represents a 23.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 72,542 shares of company stock worth $1,869,055. Company insiders own 0.47% of the company’s stock.

OUTFRONT Media Price Performance

Shares of OUT opened at $29.11 on Wednesday. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 1.41 and a beta of 1.51. The stock has a 50 day moving average of $27.10 and a 200-day moving average of $23.66. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.63. OUTFRONT Media Inc. has a 52 week low of $13.99 and a 52 week high of $29.53.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.16). The company had revenue of $513.30 million during the quarter, compared to the consensus estimate of $511.61 million. OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%. As a group, analysts forecast that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. OUTFRONT Media’s dividend payout ratio (DPR) is 150.00%.

OUTFRONT Media Profile

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.