Pacific Heights Asset Management LLC Purchases 150,000 Shares of OUTFRONT Media Inc. $OUT

Pacific Heights Asset Management LLC raised its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 21.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 850,000 shares of the financial services provider’s stock after purchasing an additional 150,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in OUTFRONT Media were worth $20,485,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC bought a new stake in OUTFRONT Media during the 3rd quarter valued at $29,000. Farther Finance Advisors LLC raised its position in OUTFRONT Media by 157.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,431 shares in the last quarter. IFP Advisors Inc raised its position in OUTFRONT Media by 16.5% during the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 582 shares in the last quarter. State of Wyoming raised its position in OUTFRONT Media by 155.5% during the 2nd quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 4,853 shares in the last quarter. Finally, Rossby Financial LCC raised its position in OUTFRONT Media by 14.2% during the 3rd quarter. Rossby Financial LCC now owns 7,942 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 989 shares in the last quarter.

Insider Buying and Selling at OUTFRONT Media

In related news, EVP Matthew Siegel sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the transaction, the executive vice president directly owned 289,925 shares in the company, valued at $7,477,165.75. The trade was a 14.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $26.93, for a total value of $303,528.03. Following the transaction, the director owned 36,244 shares in the company, valued at approximately $976,050.92. This trade represents a 23.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is owned by insiders.

OUTFRONT Media Trading Down 0.1%

Shares of NYSE:OUT opened at $31.47 on Monday. OUTFRONT Media Inc. has a 12-month low of $15.45 and a 12-month high of $34.96. The business’s fifty day simple moving average is $28.96 and its 200-day simple moving average is $25.60. The company has a market capitalization of $5.54 billion, a PE ratio of 29.98, a P/E/G ratio of 1.51 and a beta of 1.50. 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 (NYSE:OUT) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The business had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. During the same period last year, the business posted $0.14 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts predict that OUTFRONT Media Inc. will post 2.08 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, June 5th. OUTFRONT Media’s payout ratio is 114.29%.

Wall Street Analyst Weigh In

OUT has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Wall Street Zen downgraded OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Sunday. Barrington Research set a $38.00 price target on OUTFRONT Media in a report on Tuesday, May 12th. TD Cowen reiterated a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Finally, Morgan Stanley set a $37.00 price target on OUTFRONT Media in a report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, OUTFRONT Media presently has an average rating of “Moderate Buy” and a consensus price target of $30.71.

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.