Fidelity Management & Research Co has recently announced that it has increased stake in Outfront Media Inc (NYSE:OUT) by 60.31%. After grabbing 4.64 million shares, the institutional investor is now in possession of 1.74 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 2.81% having worth around $64.72 million. Moreover, Morgan Stanley & Co. LLC increased its share by 0.72 million to have a control over 4.14 million shares. And Norges Bank Investment Management raised its holdings to 1.46 million shares by acquiring 4.02 million shares or 2.43% of the stake.
Outfront Media Inc (OUT) concluded trading on Thursday at a closing price of $13.64, with 3.2 million shares of worth about $43.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.79% during that period and on Thursday, January 25 the price saw a gain of about 0.66%. Currently the company’s common shares owned by public are about 164.15M shares, out of which, 132.81M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 62 times over the past 12 months. They bought 762,493 shares in 54 of the transactions. In 8 selling transactions, insiders dumped 348,389 shares.
iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Outfront Media Inc iShares Core S&P Small Cap ETF is currently holding 9.72 million shares of worth totaling $135.7 million. The company recently came selling 41112.0 shares which brought its stake up to 5.89% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 43228.0 shares, after which its hold over company’s outstanding shares shrunk to 3.62%, leaving 5.98 million shares with the mutual fund that have a worth of about $83.44 million. Vanguard Total Stock Market ETF, after buying 4.64 million shares, have now control over 2.81% of the stake in the company. It holds 6249.0 shares of worth $64.76 million.
However, the stock later moved at a day high price of 14.03, or with a gain of 0.66%. Stock saw a price change of 4.20% in past 5 days and over the past one month there was a price change of -2.36%. Year-to-date (YTD), OUT shares are showing a performance of -2.29% which decreased to -27.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.18 but also hit the highest price of $21.65 during that period. The average intraday trading volume for Outfront Media Inc shares is 2.93 million. The stock is currently trading -1.15% below its 20-day simple moving average (SMA20), while that difference is up 3.39% for SMA50 and it goes to 3.83% higher than SMA200.
Fidelity Management & Research Co acquired 4.64 million shares of Outfront Media Inc having value of about $64.72 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 1.74 million shares in the company valued at close to $23788569.2, or have control over 60.31% stake in the company. Outfront Media Inc (NYSE: OUT) currently have 164.15M outstanding shares and institutions hold larger chunk of about 90.28% of that. Holding of mutual funds in the company is about 39.41% while other institutional holders and individual stake holders have control over 50.66% and 12.16% of the stake respectively.
The stock has a current market capitalization of $2.25B and its 3Y-monthly beta is at 1.86. It has posted earnings per share of -$2.69 in the same period. It has a debt-to-equity ratio of 6.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OUT, volatility over the week remained 3.48% while standing at 3.22% over the month.
Analysts are in expectations that Outfront Media Inc (OUT) stock would likely to be making an EPS of $0.36 in the current quarter, while forecast for next quarter EPS is -$0.12 and it is $0.59 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.32 which is $0.47 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.34 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -334.14% while it is estimated to increase by 129.78% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of -1.29% made by the stock over the past 5-years.
