Fisher Asset Management LLC Sells 18,390 Shares of OUTFRONT Media Inc. $OUT

Fisher Asset Management LLC reduced its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 433,833 shares of the financial services provider’s stock after selling 18,390 shares during the quarter. Fisher Asset Management LLC owned about 0.26% of OUTFRONT Media worth $10,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OUT. Vanguard Group Inc. increased its stake in shares of OUTFRONT Media by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock valued at $545,983,000 after acquiring an additional 1,131,954 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of OUTFRONT Media by 9.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock valued at $80,393,000 after acquiring an additional 448,993 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of OUTFRONT Media by 15.3% in 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 acquiring an additional 527,258 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of OUTFRONT Media by 10.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 2,888,621 shares of the financial services provider’s stock valued at $47,142,000 after acquiring an additional 275,023 shares during the last quarter. Finally, GRS Advisors LLC increased its stake in shares of OUTFRONT Media by 12.8% in the 3rd quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock valued at $45,218,000 after acquiring an additional 279,326 shares during the last quarter.

Analyst Ratings Changes

OUT has been the subject of several research analyst reports. TD Cowen reiterated a “buy” rating and issued a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Wells Fargo & Company boosted their price objective on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Zacks Research lowered OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wall Street Zen lowered OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Barrington Research set a $38.00 price objective on OUTFRONT Media in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.71.

OUTFRONT Media Price Performance

Shares of OUT opened at $32.67 on Thursday. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day simple moving average of $29.78 and a 200 day simple moving average of $26.47. OUTFRONT Media Inc. has a 52-week low of $15.45 and a 52-week high of $34.96. The firm has a market capitalization of $5.75 billion, a PE ratio of 31.11, a P/E/G ratio of 1.60 and a beta of 1.50.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The business had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. During the same period in the previous year, the firm earned $0.14 EPS. OUTFRONT Media’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts predict that OUTFRONT Media Inc. will post 2.08 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. OUTFRONT Media’s dividend payout ratio is 114.29%.

Insider Buying and Selling

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of the company’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 transaction of $303,528.03. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Matthew Siegel sold 50,000 shares of the company’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 transaction, the executive vice president directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.47% of the company’s stock.

OUTFRONT Media Company 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.