OUTFRONT Media Inc. $OUT Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in OUTFRONT Media Inc. (NYSE:OUT) by 32.3% during the 4th quarter, Holdings Channel reports. The firm owned 288,639 shares of the financial services provider’s stock after selling 137,708 shares during the quarter. Thrivent Financial for Lutherans’ holdings in OUTFRONT Media were worth $6,956,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of OUTFRONT Media by 9.3% during the first quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 11,073 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of OUTFRONT Media by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider’s stock valued at $1,388,000 after acquiring an additional 1,739 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of OUTFRONT Media by 9.9% during the first 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 during the last quarter. Empowered Funds LLC boosted its stake in shares of OUTFRONT Media by 12.4% during the first quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 2,357 shares during the last quarter. Finally, Woodline Partners LP boosted its stake in shares of OUTFRONT Media by 45.6% during the first quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock valued at $595,000 after acquiring an additional 11,559 shares during the last quarter.

Insider Activity

In related news, EVP Matthew Siegel sold 50,000 shares of the stock in a transaction dated 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 approximately $7,477,165.75. This represents a 14.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel A. Diaz sold 11,271 shares of the stock in a transaction dated 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 $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. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a research note on Friday, May 8th. Wall Street Zen lowered OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Zacks Research lowered OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. TD Cowen reaffirmed a “buy” rating and set a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company increased their price objective on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.71.

OUTFRONT Media Stock Performance

NYSE OUT opened at $32.86 on Thursday. The business’s 50-day moving average price is $29.17 and its 200 day moving average price is $25.91. OUTFRONT Media Inc. has a twelve month low of $15.45 and a twelve month high of $34.96. The company has a market capitalization of $5.78 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 1.54 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 released its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The firm had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. During the same period in the prior year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, research analysts predict that OUTFRONT Media Inc. will post 2.08 earnings per share for the current 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 given a dividend of $0.30 per share. The ex-dividend date is Friday, June 5th. This represents a $1.20 annualized dividend and a yield of 3.7%. OUTFRONT Media’s dividend payout ratio is 114.29%.

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.