BTC Capital Management Inc. Makes New Investment in OUTFRONT Media Inc. $OUT

BTC Capital Management Inc. acquired a new stake in OUTFRONT Media Inc. (NYSE:OUT) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 150,526 shares of the financial services provider’s stock, valued at approximately $3,625,000.

A number of other institutional investors have also recently made changes to their positions in OUT. Advisory Services Network LLC bought a new stake in OUTFRONT Media during the 3rd quarter valued at $29,000. Private Trust Co. NA purchased a new position in shares of OUTFRONT Media in the third quarter valued at about $33,000. IFP Advisors Inc raised its stake in shares of OUTFRONT Media by 16.5% during the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 582 shares during the last quarter. Rossby Financial LCC raised its stake in shares of OUTFRONT Media by 14.2% during the third quarter. Rossby Financial LCC now owns 7,942 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 989 shares during the last quarter. Finally, State of Wyoming boosted its holdings in shares of OUTFRONT Media by 155.5% during the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 4,853 shares during the period.

Analyst Ratings Changes

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

Insider Activity at OUTFRONT Media

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

OUTFRONT Media Price Performance

OUT stock opened at $26.48 on Wednesday. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $29.27. The company has a market cap of $4.66 billion, a P/E ratio of 33.10, a PEG ratio of 1.26 and a beta of 1.51. The firm has a 50-day moving average of $26.44 and a 200 day moving average of $23.00. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.92 and a quick ratio of 0.92.

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

OUTFRONT Media Dividend Announcement

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

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.