OUTFRONT Media Inc. $OUT Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 36.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 79,674 shares of the financial services provider’s stock after purchasing an additional 21,330 shares during the quarter. AlphaQuest LLC’s holdings in OUTFRONT Media were worth $1,460,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in OUT. Arizona State Retirement System increased its stake in OUTFRONT Media by 1.4% during the third quarter. Arizona State Retirement System now owns 42,023 shares of the financial services provider’s stock worth $770,000 after acquiring an additional 591 shares during the last quarter. CWM LLC grew its holdings in shares of OUTFRONT Media by 8.3% during the 3rd quarter. CWM LLC now owns 8,229 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 631 shares during the period. Maryland State Retirement & Pension System increased its position in shares of OUTFRONT Media by 1.8% during the 2nd quarter. Maryland State Retirement & Pension System now owns 40,753 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 740 shares during the last quarter. Bank of Montreal Can raised its holdings in OUTFRONT Media by 2.1% in the 2nd quarter. Bank of Montreal Can now owns 36,066 shares of the financial services provider’s stock valued at $589,000 after buying an additional 758 shares during the period. Finally, Yousif Capital Management LLC lifted its position in OUTFRONT Media by 1.6% in the second quarter. Yousif Capital Management LLC now owns 51,633 shares of the financial services provider’s stock valued at $843,000 after buying an additional 791 shares during the last quarter.

Wall Street Analyst Weigh In

OUT has been the subject of a number of recent analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $27.00 price target (up from $23.00) on shares of OUTFRONT Media in a research report on Thursday, December 18th. New Street Research set a $24.00 price objective on shares of OUTFRONT Media in a research report on Tuesday, November 11th. TD Cowen raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. Citigroup restated a “buy” rating and set a $23.00 price target (up from $20.00) on shares of OUTFRONT Media in a research report on Wednesday, November 12th. Finally, Morgan Stanley raised OUTFRONT Media from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $20.00 to $28.00 in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat.com, OUTFRONT Media has a consensus rating of “Buy” and an average price target of $24.57.

Insider Buying and Selling at OUTFRONT Media

In related news, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $24.49, for a total value of $276,026.79. Following the completion of the transaction, the director owned 47,515 shares in the company, valued at $1,163,642.35. The trade was a 19.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.47% of the company’s stock.

OUTFRONT Media Price Performance

OUTFRONT Media stock opened at $24.32 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 4.75. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $25.51. The firm has a market cap of $4.07 billion, a PE ratio of 35.76, a price-to-earnings-growth ratio of 1.23 and a beta of 1.57. The company’s 50 day moving average is $24.02 and its two-hundred day moving average is $20.46.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.21). OUTFRONT Media had a net margin of 6.86% and a return on equity of 21.56%. The company had revenue of $467.50 million during the quarter, compared to analyst estimates of $458.32 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. On average, research analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.9%. OUTFRONT Media’s payout ratio is currently 176.47%.

OUTFRONT Media Company 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.