Strs Ohio Has $692,000 Stock Holdings in OUTFRONT Media Inc. $OUT

Strs Ohio reduced its stake in OUTFRONT Media Inc. (NYSE:OUT) by 69.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,100 shares of the financial services provider’s stock after selling 59,329 shares during the period. Strs Ohio’s holdings in OUTFRONT Media were worth $692,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OUT. Advisory Services Network LLC bought a new position in shares of OUTFRONT Media during the 3rd quarter worth about $29,000. Farther Finance Advisors LLC increased 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 in the last quarter. Kestra Advisory Services LLC acquired a new position in OUTFRONT Media during the 4th quarter worth approximately $71,000. IFP Advisors Inc raised 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 worth $78,000 after buying an additional 582 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in OUTFRONT Media by 224.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 7,853 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 5,432 shares in the last quarter.

OUTFRONT Media Price Performance

OUT opened at $33.04 on Thursday. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 1.57 and a beta of 1.48. The firm’s fifty day moving average price is $32.00 and its two-hundred day moving average price is $28.38. OUTFRONT Media Inc. has a 1 year low of $16.64 and a 1 year high of $34.96.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The company had revenue of $429.60 million during the quarter, compared to the consensus estimate of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. As a group, analysts anticipate that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, June 5th. OUTFRONT Media’s dividend payout ratio is presently 114.29%.

Insider Transactions at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 5,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the completion of the sale, the executive vice president owned 56,947 shares in the company, valued at approximately $1,826,859.76. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James Michael Norton bought 4,130 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $30.81 per share, for a total transaction of $127,245.30. Following the transaction, the executive vice president owned 4,130 shares in the company, valued at approximately $127,245.30. This represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 20,000 shares of company stock valued at $629,600 over the last ninety days. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen cut OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Barrington Research set a $38.00 target price on OUTFRONT Media in a research report on Tuesday, May 12th. TD Cowen reiterated a “buy” rating and issued a $38.00 target price (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 shares of OUTFRONT Media in a research report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, OUTFRONT Media currently has a consensus rating of “Moderate Buy” and an average price target of $30.71.

OUTFRONT Media 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.