Burney Co. Lowers Stock Position in OUTFRONT Media Inc. $OUT

Burney Co. lessened its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 50.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,165 shares of the financial services provider’s stock after selling 15,348 shares during the period. Burney Co.’s holdings in OUTFRONT Media were worth $402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OUT. Advisory Services Network LLC bought a new position in shares of OUTFRONT Media in the 3rd quarter worth about $29,000. Farther Finance Advisors LLC boosted its stake in OUTFRONT Media by 157.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in OUTFRONT Media during the fourth quarter worth about $71,000. IFP Advisors Inc boosted its stake in OUTFRONT Media by 16.5% during the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 582 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in OUTFRONT Media by 224.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 7,853 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 5,432 shares during the period.

Insider Buying and Selling

In other news, EVP James Michael Norton acquired 4,130 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $30.81 per share, for a total transaction of $127,245.30. Following the acquisition, the executive vice president directly owned 4,130 shares in the company, valued at approximately $127,245.30. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Richard H. Sauer sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the completion of the transaction, the executive vice president directly owned 56,947 shares in the company, valued at $1,826,859.76. This trade represents a 8.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 20,000 shares of company stock worth $629,600. Corporate insiders own 0.47% of the company’s stock.

OUTFRONT Media Price Performance

OUT opened at $32.93 on Friday. The firm has a market cap of $5.80 billion, a PE ratio of 31.36, a P/E/G ratio of 1.60 and a beta of 1.48. The stock has a 50-day moving average price of $32.11 and a 200-day moving average price of $28.48. OUTFRONT Media Inc. has a 1 year low of $16.64 and a 1 year high of $34.96. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The company had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. OUTFRONT Media’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. Sell-side analysts predict that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, June 5th. OUTFRONT Media’s dividend payout ratio is currently 114.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OUT shares. TD Cowen reaffirmed a “buy” rating and set a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Wall Street Zen cut OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Morgan Stanley set a $37.00 price target on OUTFRONT Media in a research note on Friday, May 8th. Finally, Barrington Research set a $38.00 price objective on OUTFRONT Media in a research report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.