Outfront Media Inc (OUT) Stake Lowered by Thrivent Financial for Lutherans

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Thrivent Financial for Lutherans lessened its holdings in Outfront Media Inc (NYSE:OUT) by 73.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,763 shares of the financial services provider’s stock after selling 68,491 shares during the period. Thrivent Financial for Lutherans’ holdings in Outfront Media were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in OUT. State Board of Administration of Florida Retirement System lifted its stake in Outfront Media by 9.7% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 159,019 shares of the financial services provider’s stock worth $2,881,000 after acquiring an additional 14,004 shares in the last quarter. Cohen & Steers Inc. acquired a new position in Outfront Media during the 3rd quarter worth about $130,519,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in Outfront Media by 118.5% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 57,900 shares of the financial services provider’s stock worth $1,049,000 after acquiring an additional 31,400 shares in the last quarter. Vanguard Group Inc. lifted its stake in Outfront Media by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 19,594,607 shares of the financial services provider’s stock worth $390,912,000 after acquiring an additional 1,216,208 shares in the last quarter. Finally, LSV Asset Management lifted its stake in Outfront Media by 149.2% during the 4th quarter. LSV Asset Management now owns 1,088,086 shares of the financial services provider’s stock worth $19,716,000 after acquiring an additional 651,448 shares in the last quarter. 96.46% of the stock is currently owned by institutional investors and hedge funds.

In other Outfront Media news, CEO Jeremy J. Male sold 80,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $23.54, for a total value of $1,883,200.00. Following the sale, the chief executive officer now owns 392,703 shares of the company’s stock, valued at approximately $9,244,228.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by company insiders.

Several equities analysts recently issued reports on the company. CIBC assumed coverage on Outfront Media in a research note on Friday, March 29th. They set an “outperform” rating and a $30.00 target price on the stock. Oppenheimer assumed coverage on Outfront Media in a research note on Thursday, March 28th. They set a “buy” rating and a $30.00 target price on the stock. Barrington Research reissued a “buy” rating and set a $25.00 target price on shares of Outfront Media in a research note on Wednesday, February 27th. Citigroup lowered Outfront Media from a “buy” rating to a “neutral” rating and set a $20.81 target price on the stock. in a research note on Thursday, January 31st. Finally, Zacks Investment Research lowered Outfront Media from a “buy” rating to a “hold” rating in a research note on Monday, January 28th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Outfront Media has an average rating of “Hold” and a consensus price target of $24.98.

OUT stock opened at $23.97 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.45 and a beta of 1.27. Outfront Media Inc has a 1 year low of $16.81 and a 1 year high of $24.14.

Outfront Media (NYSE:OUT) last posted its quarterly earnings results on Tuesday, February 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $452.40 million for the quarter, compared to analyst estimates of $446.18 million. Outfront Media had a return on equity of 9.45% and a net margin of 6.72%. Outfront Media’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. Equities analysts forecast that Outfront Media Inc will post 2.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date was Thursday, March 7th. Outfront Media’s dividend payout ratio is currently 66.98%.

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Outfront Media Profile

OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.

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Institutional Ownership by Quarter for Outfront Media (NYSE:OUT)

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