OUTFRONT Media Inc. $OUT Position Reduced by Nordea Investment Management AB

Nordea Investment Management AB trimmed its position in OUTFRONT Media Inc. (NYSE:OUT) by 13.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 410,085 shares of the financial services provider’s stock after selling 63,970 shares during the quarter. Nordea Investment Management AB owned approximately 0.25% of OUTFRONT Media worth $9,887,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of OUTFRONT Media during the third quarter valued at approximately $29,000. Private Trust Co. NA acquired a new position in OUTFRONT Media in the 3rd quarter worth approximately $33,000. IFP Advisors Inc grew 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 worth $78,000 after purchasing an additional 582 shares in the last quarter. State of Wyoming raised its stake 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 during the period. Finally, Rossby Financial LCC raised its stake 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 during the period.

OUTFRONT Media Price Performance

OUT opened at $27.10 on Thursday. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 1.34 and a beta of 1.51. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $29.27. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.63. The stock has a fifty day moving average price of $26.34 and a 200 day moving average price of $22.76.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.16). OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. The firm had revenue of $513.30 million during the quarter, compared to analysts’ expectations of $511.61 million. Analysts forecast that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. OUTFRONT Media’s payout ratio is presently 150.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OUT. Barrington Research raised their target price on OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. TD Cowen raised their price objective on OUTFRONT Media from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Wells Fargo & Company upped their target price on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Morgan Stanley raised shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $20.00 to $28.00 in a research report on Tuesday, December 16th. Finally, Zacks Research downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.86.

Insider Activity at OUTFRONT Media

In related news, Director Manuel A. Diaz sold 11,271 shares of the stock in a transaction that occurred 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 represents a 23.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.47% of the company’s stock.

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.