OUTFRONT Media Inc. $OUT Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 28.8% during the second quarter, Holdings Channel.com reports. The firm owned 57,943 shares of the financial services provider’s stock after selling 23,392 shares during the quarter. XTX Topco Ltd’s holdings in OUTFRONT Media were worth $946,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. LSV Asset Management raised its holdings in OUTFRONT Media by 25.7% during the first quarter. LSV Asset Management now owns 2,005,448 shares of the financial services provider’s stock worth $32,368,000 after purchasing an additional 410,086 shares in the last quarter. New Age Alpha Advisors LLC boosted its position in shares of OUTFRONT Media by 162.1% in the first quarter. New Age Alpha Advisors LLC now owns 123,675 shares of the financial services provider’s stock worth $1,996,000 after buying an additional 76,486 shares during the period. Westwood Holdings Group Inc. acquired a new position in shares of OUTFRONT Media in the 1st quarter valued at about $7,086,000. Schnieders Capital Management LLC purchased a new stake in OUTFRONT Media in the 1st quarter worth approximately $376,000. Finally, Maryland State Retirement & Pension System acquired a new stake in OUTFRONT Media during the first quarter valued at $646,000.

Insider Buying and Selling

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,270 shares of OUTFRONT Media stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $22.18, for a total value of $249,968.60. Following the transaction, the director owned 58,786 shares of the company’s stock, valued at approximately $1,303,873.48. The trade was a 16.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $18.06, for a total transaction of $151,704,000.00. Following the completion of the transaction, the insider owned 8,913,813 shares of the company’s stock, valued at $160,983,462.78. This trade represents a 48.52% decrease in their position. The SEC filing for this sale provides additional information. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

OUT has been the topic of a number of recent research reports. Citigroup restated a “buy” rating and set a $23.00 price target (up previously from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. TD Cowen raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, November 11th. Barrington Research restated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Friday, November 7th. New Street Research set a $24.00 price target on shares of OUTFRONT Media in a report on Tuesday, November 11th. Finally, Morgan Stanley increased their price target on shares of OUTFRONT Media from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

OUTFRONT Media Stock Up 1.8%

OUTFRONT Media stock opened at $23.53 on Monday. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 1.33 and a beta of 1.57. The company’s 50 day simple moving average is $19.23 and its 200 day simple moving average is $18.06. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.79 and a quick ratio of 0.79. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $23.57.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). OUTFRONT Media had a return on equity of 21.56% and a net margin of 6.86%.The firm had revenue of $467.50 million for the quarter, compared to the consensus estimate of $458.32 million. During the same period in the prior year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a $0.30 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 5.1%. OUTFRONT Media’s payout ratio is currently 176.47%.

OUTFRONT Media Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.