SG Americas Securities LLC Has $502,000 Holdings in OUTFRONT Media Inc. $OUT

SG Americas Securities LLC lessened its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 49.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,941 shares of the financial services provider’s stock after selling 18,591 shares during the quarter. SG Americas Securities LLC’s holdings in OUTFRONT Media were worth $502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC lifted its holdings in OUTFRONT Media by 9.3% in the first quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 11,073 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in OUTFRONT Media by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider’s stock worth $1,388,000 after acquiring an additional 1,739 shares during the period. Goldman Sachs Group Inc. raised its position in shares of OUTFRONT Media by 9.9% during 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. Empowered Funds LLC raised its position in shares of OUTFRONT Media by 12.4% during the 1st quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 2,357 shares during the last quarter. Finally, Woodline Partners LP lifted its stake in shares of OUTFRONT Media by 45.6% in the 1st quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 11,559 shares during the period.

OUTFRONT Media Price Performance

Shares of OUT stock opened at $33.04 on Thursday. OUTFRONT Media Inc. has a 12-month low of $16.64 and a 12-month high of $34.96. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 1.57 and a beta of 1.48. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. The firm has a fifty day moving average of $32.00 and a 200-day moving average of $28.38.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.28 by $0.06. The business had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.During the same quarter last year, the business posted $0.14 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts forecast that OUTFRONT Media Inc. will post 2.12 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.6%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 114.29%.

Insider Activity

In other news, EVP Richard H. Sauer sold 5,000 shares of OUTFRONT Media stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total transaction of $160,400.00. Following the transaction, the executive vice president owned 56,947 shares in the company, valued at $1,826,859.76. The trade was a 8.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James Michael Norton bought 4,130 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $30.81 per share, with a total value of $127,245.30. Following the completion of the purchase, the executive vice president owned 4,130 shares in the company, valued at $127,245.30. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 20,000 shares of company stock worth $629,600 in the last quarter. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OUT. Barrington Research set a $38.00 price target on OUTFRONT Media in a research report on Tuesday, May 12th. Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a report on Friday, May 8th. Wall Street Zen lowered OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, TD Cowen restated a “buy” rating and set a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.71.

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.