Peregrine Capital Management LLC Has $5.07 Million Stock Holdings in OUTFRONT Media Inc. $OUT

Peregrine Capital Management LLC trimmed its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 310,792 shares of the financial services provider’s stock after selling 10,386 shares during the quarter. Peregrine Capital Management LLC’s holdings in OUTFRONT Media were worth $5,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its holdings in OUTFRONT Media by 8.5% during the first quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 722 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in OUTFRONT Media by 1.8% during the second quarter. Maryland State Retirement & Pension System now owns 40,753 shares of the financial services provider’s stock valued at $665,000 after purchasing an additional 740 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in OUTFRONT Media by 1.6% during the second quarter. Yousif Capital Management LLC now owns 51,633 shares of the financial services provider’s stock valued at $843,000 after purchasing an additional 791 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in OUTFRONT Media by 0.5% during the second quarter. Asset Management One Co. Ltd. now owns 200,228 shares of the financial services provider’s stock valued at $3,268,000 after purchasing an additional 910 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in OUTFRONT Media by 0.4% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 212,014 shares of the financial services provider’s stock valued at $3,422,000 after purchasing an additional 915 shares in the last quarter.

OUTFRONT Media Stock Performance

NYSE:OUT opened at $17.55 on Wednesday. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $19.80. The firm has a 50 day moving average of $18.35 and a 200-day moving average of $17.15. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.60. The stock has a market capitalization of $2.94 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 1.04 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. OUTFRONT Media had a net margin of 5.99% and a return on equity of 18.07%. The company had revenue of $460.20 million during the quarter, compared to analysts’ expectations of $463.16 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. OUTFRONT Media’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.8%. The ex-dividend date was Friday, September 5th. OUTFRONT Media’s payout ratio is 206.90%.

Insider Activity at OUTFRONT Media

In related news, EVP Mark Emilio Bonanni sold 4,126 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $19.38, for a total value of $79,961.88. Following the completion of the transaction, the executive vice president owned 4,170 shares in the company, valued at $80,814.60. The trade was a 49.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $18.06, for a total transaction of $151,704,000.00. Following the completion of the transaction, the insider owned 8,913,813 shares of the company’s stock, valued at $160,983,462.78. This trade represents a 48.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

OUT has been the topic of a number of recent research reports. Wall Street Zen raised OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley lifted their price objective on OUTFRONT Media from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Wells Fargo & Company reiterated an “overweight” rating on shares of OUTFRONT Media in a research note on Sunday, July 20th. Finally, Barrington Research reiterated an “outperform” rating and issued a $21.00 target price on shares of OUTFRONT Media in a research note on Tuesday, September 23rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.