Insider Selling: OUTFRONT Media (NYSE:OUT) EVP Sells $155,650.00 in Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $31.13, for a total value of $155,650.00. Following the transaction, the executive vice president owned 61,947 shares in the company, valued at $1,928,410.11. The trade was a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $31.50 on Friday. The firm has a 50 day moving average of $31.46 and a 200-day moving average of $27.80. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 1.52 and a beta of 1.49. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. OUTFRONT Media Inc. has a 52 week low of $15.90 and a 52 week high of $34.96.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. The business had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. OUTFRONT Media’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, equities analysts forecast that OUTFRONT Media Inc. will post 2.12 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, June 5th. OUTFRONT Media’s dividend payout ratio is 114.29%.

Institutional Trading of OUTFRONT Media

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in shares of OUTFRONT Media in the third quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its holdings in OUTFRONT Media by 74.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock worth $43,000 after buying an additional 686 shares in the last quarter. Farther Finance Advisors LLC raised its position in OUTFRONT Media by 157.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,431 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in OUTFRONT Media in the 4th quarter valued at $71,000. Finally, IFP Advisors Inc lifted its stake 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 acquiring an additional 582 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OUT shares. Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a research note on Friday, May 8th. Wall Street Zen cut OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Barrington Research set a $38.00 price target on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Wells Fargo & Company lifted their price target on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, TD Cowen restated a “buy” rating and set a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.71.

About OUTFRONT Media

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.