OUTFRONT Media (NYSE:OUT) Stock: Insider Matthew Siegel Sells 25,000 Shares

OUTFRONT Media Inc. (NYSE:OUT) EVP Matthew Siegel sold 25,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $27.84, for a total transaction of $696,000.00. Following the transaction, the executive vice president owned 264,925 shares of the company’s stock, valued at $7,375,512. This represents a 8.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Price Performance

Shares of NYSE OUT traded up $0.57 during trading on Friday, hitting $28.62. The company had a trading volume of 1,566,464 shares, compared to its average volume of 1,604,963. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 20.59 and a beta of 1.53. The stock has a fifty day simple moving average of $29.71 and a two-hundred day simple moving average of $30.41. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.50. OUTFRONT Media Inc. has a fifty-two week low of $16.97 and a fifty-two week high of $34.96.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.30. OUTFRONT Media had a net margin of 12.66% and a return on equity of 37.44%. The firm had revenue of $522.50 million during the quarter, compared to the consensus estimate of $509.61 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, research analysts expect that OUTFRONT Media Inc. will post 2.18 earnings per share for the current year.

OUTFRONT Media Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, September 4th. This is an increase from OUTFRONT Media’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.6%. OUTFRONT Media’s payout ratio is currently 94.96%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OUT. Wells Fargo & Company lifted their price target on OUTFRONT Media from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Wall Street Zen lowered OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $38.00 target price on shares of OUTFRONT Media in a research note on Wednesday, July 22nd. Citigroup reaffirmed a “buy” rating on shares of OUTFRONT Media in a report on Tuesday, September 8th. Finally, TD Cowen reiterated a “buy” rating and issued a $40.00 target price (up from $38.00) on shares of OUTFRONT Media in a research report on Thursday, August 6th. 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Institutional Investors Weigh In On OUTFRONT Media

Large investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL boosted its stake in OUTFRONT Media by 0.7% during the first quarter. Gamco Investors INC. ET AL now owns 51,648 shares of the financial services provider’s stock worth $1,369,000 after buying an additional 351 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of OUTFRONT Media by 4.6% in the 2nd quarter. GAMMA Investing LLC now owns 10,048 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 440 shares during the last quarter. Convergence Investment Partners LLC raised its holdings in shares of OUTFRONT Media by 0.7% during the 1st quarter. Convergence Investment Partners LLC now owns 78,004 shares of the financial services provider’s stock worth $2,067,000 after acquiring an additional 537 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of OUTFRONT Media by 74.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 686 shares during the period. Finally, Abel Hall LLC boosted its position in shares of OUTFRONT Media by 5.9% during the 1st quarter. Abel Hall LLC now owns 16,518 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 926 shares during the last quarter.

About OUTFRONT Media

OUTFRONT Media Inc is an out-of-home advertising company that provides brands and agencies with advertising space across physical and digital displays. Its offerings include traditional and digital billboards, urban panels, street furniture, transit advertising, and other display formats designed to reach consumers in public spaces.

The company’s advertising inventory is used across major metropolitan areas and transportation systems in the United States. OUTFRONT combines its media assets with audience measurement, data and analytics, creative services, and digital advertising capabilities to help advertisers plan, deliver, and evaluate campaigns.

OUTFRONT Media was formed from the former CBS Outdoor Americas business and adopted its current name in 2014 following its separation from CBS Corporation.