Barnett & Company Inc. Sells 16,600 Shares of OUTFRONT Media Inc. $OUT

Barnett & Company Inc. trimmed its position in OUTFRONT Media Inc. (NYSE:OUT) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,300 shares of the financial services provider’s stock after selling 16,600 shares during the quarter. OUTFRONT Media accounts for 1.3% of Barnett & Company Inc.’s portfolio, making the stock its 27th largest position. Barnett & Company Inc.’s holdings in OUTFRONT Media were worth $1,598,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. CWM LLC raised its stake in shares of OUTFRONT Media by 5.5% in the fourth quarter. CWM LLC now owns 8,682 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 453 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of OUTFRONT Media by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,256 shares of the financial services provider’s stock valued at $801,000 after purchasing an additional 500 shares in the last quarter. IFP Advisors Inc raised its stake in shares of OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 582 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of OUTFRONT Media by 8.2% in the fourth quarter. GAMMA Investing LLC now owns 9,020 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 682 shares in the last quarter. Finally, Xponance LLC raised its stake in shares of OUTFRONT Media by 6.9% in the fourth quarter. Xponance LLC now owns 11,732 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 758 shares in the last quarter.

Insiders Place Their Bets

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of the stock in a transaction 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 directly owned 36,244 shares in the company, valued at $976,050.92. This represents a 23.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James Michael Norton acquired 4,130 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $30.81 per share, with a total value of $127,245.30. Following the completion of the purchase, the executive vice president directly owned 4,130 shares of the company’s stock, valued at approximately $127,245.30. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barrington Research set a $38.00 target price on OUTFRONT Media in a research note on Tuesday, May 12th. Zacks Research lowered OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. TD Cowen restated a “buy” rating and issued a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.71.

OUTFRONT Media Stock Performance

OUTFRONT Media stock opened at $30.68 on Friday. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a fifty day moving average price of $30.79 and a two-hundred day moving average price of $27.22. 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 $5.40 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.43 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. During the same period in the prior year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that OUTFRONT Media Inc. will post 2.12 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, June 5th. OUTFRONT Media’s dividend payout ratio is currently 114.29%.

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.