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

SG Americas Securities LLC lessened its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 49.5% in the first quarter, Holdings Channel.com reports. The firm owned 18,941 shares of the financial services provider’s stock after selling 18,591 shares during the period. SG Americas Securities LLC’s holdings in OUTFRONT Media were worth $502,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of OUTFRONT Media by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock worth $545,983,000 after buying an additional 1,131,954 shares during the period. Cohen & Steers Inc. raised its position in OUTFRONT Media by 2.2% in the 4th quarter. Cohen & Steers Inc. now owns 22,314,228 shares of the financial services provider’s stock valued at $537,779,000 after buying an additional 486,192 shares during the last quarter. State Street Corp lifted its stake in OUTFRONT Media by 2.1% in the 4th quarter. State Street Corp now owns 5,483,013 shares of the financial services provider’s stock valued at $132,141,000 after acquiring an additional 111,084 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in OUTFRONT Media by 9.9% in 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 in the last quarter. Finally, Wellington Management Group LLP lifted its stake in OUTFRONT Media by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 4,309,133 shares of the financial services provider’s stock valued at $103,850,000 after acquiring an additional 335,265 shares in the last quarter.

OUTFRONT Media Trading Down 0.5%

NYSE OUT opened at $33.04 on Thursday. The company has a market cap of $5.82 billion, a PE ratio of 31.47, a PEG ratio of 1.57 and a beta of 1.48. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90. OUTFRONT Media Inc. has a 12 month low of $16.64 and a 12 month high of $34.96. The stock has a 50 day moving average of $32.00 and a 200-day moving average of $28.38.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. On average, equities research analysts anticipate that OUTFRONT Media Inc. will post 2.12 EPS 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 issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, June 5th. OUTFRONT Media’s dividend payout ratio is presently 114.29%.

Insider Transactions at OUTFRONT Media

In other news, EVP James Michael Norton bought 4,130 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $30.81 per share, for a total transaction of $127,245.30. Following the purchase, the executive vice president owned 4,130 shares of the company’s stock, valued at approximately $127,245.30. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Richard H. Sauer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total transaction of $160,400.00. Following the completion of the sale, the executive vice president owned 56,947 shares of the company’s stock, valued at $1,826,859.76. This trade represents a 8.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 20,000 shares of company stock worth $629,600. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

OUT has been the subject of several research reports. Wall Street Zen cut shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. TD Cowen reissued a “buy” rating and issued a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Finally, Morgan Stanley set a $37.00 target price on shares of OUTFRONT Media in a research report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.71.

OUTFRONT Media Profile

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.