Cwm LLC Has $114,000 Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Cwm LLC cut its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 9.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,046 shares of the financial services provider’s stock after selling 713 shares during the quarter. Cwm LLC’s holdings in OUTFRONT Media were worth $114,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in OUTFRONT Media in the fourth quarter valued at about $980,000. Commonwealth Equity Services LLC bought a new position in OUTFRONT Media in the fourth quarter valued at about $192,000. KLP Kapitalforvaltning AS bought a new position in OUTFRONT Media in the fourth quarter valued at about $514,000. Nomura Asset Management Co. Ltd. raised its position in OUTFRONT Media by 5.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 181,100 shares of the financial services provider’s stock valued at $3,213,000 after purchasing an additional 8,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in OUTFRONT Media by 145.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,472,416 shares of the financial services provider’s stock valued at $26,121,000 after purchasing an additional 873,484 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wall Street Zen downgraded OUTFRONT Media from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Wells Fargo & Company restated an “overweight” rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. JPMorgan Chase & Co. lowered their price objective on OUTFRONT Media from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, May 21st. Morgan Stanley lowered their price objective on OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Finally, Citigroup restated a “buy” rating and set a $19.00 price objective (up from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, OUTFRONT Media presently has an average rating of “Hold” and a consensus target price of $18.60.

OUTFRONT Media Trading Down 1.5%

Shares of OUT stock opened at $17.47 on Thursday. The company has a market cap of $2.92 billion, a P/E ratio of 11.50, a PEG ratio of 1.08 and a beta of 1.87. The stock has a 50 day simple moving average of $16.78 and a two-hundred day simple moving average of $16.77. The company has a debt-to-equity ratio of 4.37, a quick ratio of 0.61 and a current ratio of 0.61. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.50.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Thursday, May 8th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $390.70 million during the quarter, compared to the consensus estimate of $396.17 million. OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. Research analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, June 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 6.87%. OUTFRONT Media’s payout ratio is currently 78.95%.

Insiders Place Their Bets

In other OUTFRONT Media news, EVP Richard H. Sauer sold 20,109 shares of OUTFRONT Media stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $15.88, for a total value of $319,330.92. Following the completion of the sale, the executive vice president directly owned 70,836 shares in the company, valued at approximately $1,124,875.68. The trade was a 22.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.47% of the company’s stock.

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.