GraniteShares Sells Outfront Media Shares, Liquidating 171,052 for $3.13 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: Fool
- Position Change: GraniteShares Advisors liquidated all 171,052 shares of Outfront Media in Q4 2022, totaling $3.13 million, indicating a strategic shift away from this stock.
- Market Performance: As of January 20, Outfront Media's shares were priced at $24.61, reflecting a 40.1% increase over the past year, significantly outperforming the S&P 500's approximate 14% gain, highlighting its strong position in the advertising market.
- Financial Overview: Outfront Media reported Q3 2022 revenue of $467.5 million, a 3.5% year-over-year increase, with adjusted OIBDA rising 17% to $137.2 million, indicating robust growth in its advertising business.
- Investment Strategy: The sale frees up capital for GraniteShares to reallocate towards larger growth stocks like Microsoft, Alphabet, and Meta, emphasizing a focus on liquidity and scale while reassessing Outfront Media's role as a core holding.
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Analyst Views on OUT
Wall Street analysts forecast OUT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OUT is 25.14 USD with a low forecast of 23.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 24.410
Low
23.00
Averages
25.14
High
28.00
Current: 24.410
Low
23.00
Averages
25.14
High
28.00
About OUT
OUTFRONT Media Inc. and its subsidiaries is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States. The Company’s segments include Billboard and Transit. The Company’s inventory consists of billboard displays, which are primarily located on the heavily traveled highways and roadways in top Nielsen Designated Market Areas (DMAs), and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the United States. The Company's portfolio provides its customers with a range of options, from national, brand-building campaigns to hyper-local campaigns. In addition to leasing displays, it provides other value-added services to its customers, such as pre-campaign category research, consumer insights, print production, creative services and post-campaign tracking and analytics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
GraniteShares Sells Outfront Media Shares, Liquidating 171,052 for $3.13 Million
- Position Change: GraniteShares Advisors liquidated all 171,052 shares of Outfront Media in Q4 2022, totaling $3.13 million, indicating a strategic shift away from this stock.
- Market Performance: As of January 20, Outfront Media's shares were priced at $24.61, reflecting a 40.1% increase over the past year, significantly outperforming the S&P 500's approximate 14% gain, highlighting its strong position in the advertising market.
- Financial Overview: Outfront Media reported Q3 2022 revenue of $467.5 million, a 3.5% year-over-year increase, with adjusted OIBDA rising 17% to $137.2 million, indicating robust growth in its advertising business.
- Investment Strategy: The sale frees up capital for GraniteShares to reallocate towards larger growth stocks like Microsoft, Alphabet, and Meta, emphasizing a focus on liquidity and scale while reassessing Outfront Media's role as a core holding.
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OUTFRONT Media Inc. Schedules FY 2025 Earnings Report and Conference Call
- Earnings Report Schedule: OUTFRONT Media will release its fiscal year and quarter results for 2025 after market close on February 25, 2026, highlighting the company's performance in the advertising sector and future outlook.
- Conference Call Timing: The company will host a conference call at 4:30 p.m. Eastern Time on February 25, 2026, to discuss the earnings report, which is expected to attract attention from investors and analysts.
- Dial-in Information: U.S. callers can dial 833-470-1428, while international callers can reach 646-844-6383, with the passcode 904133, ensuring smooth participation in the discussion.
- Webcast Availability: The conference call will be webcast live and available for replay in the Investor Relations section of the company's website, enhancing transparency and communication for investors unable to attend in real-time.
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