201,590 OUTFRONT Media Inc. $OUT Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 13.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,698,183 shares of the financial services provider’s stock after buying an additional 201,590 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in OUTFRONT Media were worth $47,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of OUT. State of Wyoming grew its stake in shares of OUTFRONT Media by 14.3% during the 3rd quarter. State of Wyoming now owns 43,346 shares of the financial services provider’s stock worth $1,203,000 after purchasing an additional 5,434 shares during the period. Asset Management One Co. Ltd. raised its position in shares of OUTFRONT Media by 16.6% in the third quarter. Asset Management One Co. Ltd. now owns 248,324 shares of the financial services provider’s stock valued at $6,891,000 after purchasing an additional 35,431 shares during the period. Apollon Wealth Management LLC acquired a new stake in OUTFRONT Media in the 3rd quarter valued at $307,000. Signaturefd LLC lifted its position in OUTFRONT Media by 14.9% during the 3rd quarter. Signaturefd LLC now owns 8,894 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 1,155 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of OUTFRONT Media by 839.2% in the third quarter. Sterling Capital Management LLC now owns 5,325 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 4,758 shares in the last quarter.

OUTFRONT Media Trading Up 0.2%

NYSE:OUT opened at $32.41 on Thursday. 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 52-week low of $17.40 and a 52-week high of $34.96. The stock has a fifty day simple moving average of $29.63 and a 200-day simple moving average of $29.64. The company has a market capitalization of $5.71 billion, a PE ratio of 23.32 and a beta of 1.56.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating 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 company had revenue of $522.50 million during the quarter, compared to the consensus estimate of $509.61 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities research analysts expect that OUTFRONT Media Inc. will post 2.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on OUT shares. Wall Street Zen cut OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 26th. JPMorgan Chase & Co. assumed coverage on OUTFRONT Media in a research report on Wednesday, July 22nd. They set an “overweight” rating and a $38.00 price target on the stock. TD Cowen restated a “buy” rating and issued a $40.00 price objective (up from $38.00) on shares of OUTFRONT Media in a research report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of OUTFRONT Media in a research note on Tuesday, September 8th. Finally, Wells Fargo & Company boosted their price objective on OUTFRONT Media from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, OUTFRONT Media currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Insider Activity at OUTFRONT Media

In related news, EVP Matthew Siegel sold 25,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $27.84, for a total value of $696,000.00. Following the transaction, the executive vice president owned 264,925 shares in the company, valued at approximately $7,375,512. This represents a 8.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Emilio Bonanni sold 3,385 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $29.82, for a total transaction of $100,940.70. Following the transaction, the executive vice president owned 10,420 shares of the company’s stock, valued at approximately $310,724.40. The trade was a 24.52% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.45% of the company’s stock.

About OUTFRONT Media

OUTFRONT Media Inc (NYSE: OUT) is an out-of-home media company that provides advertising services through a portfolio of billboard, transit and other outdoor advertising assets. The company helps advertisers reach consumers in high-traffic locations, including roads, urban centers, public transportation systems and other public spaces.

Its offerings include traditional printed billboards, digital billboards, transit displays and place-based media. OUTFRONT also provides related services such as media planning, creative support, audience analytics and technology-enabled advertising solutions, including digital and programmatic buying capabilities.

OUTFRONT primarily serves advertisers across the United States and Canada.