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A group of entities affiliated with Providence Equity Partners, all identified as 10% owners of OUTFRONT Media Inc. (NYSE:OUT), sold 8,400,000 shares of common stock on September 3, 2025. The shares were sold at a price of $18.06, resulting in a total transaction value of $151.7 million. The sale price was close to the current market price of $18.21, with the stock showing strong momentum with an 18% return over the past year. According to InvestingPro analysis, the company currently offers an attractive 6.59% dividend yield.
The entities involved in the transaction include: PEP VIII International Ltd., Providence Equity GP VIII L.P., PEP VIII (Scotland) International Ltd., Providence Equity GP VIII (Scotland) L.P., Providence Equity Partners VIII-A L.P., Providence Equity Partners VIII (Scotland) L.P., PEP VIII Intermediate 5 L.P., PEP VIII Intermediate 6 L.P., PEP VIII Advertising Co-Investment L.P., PEP VIII GP LLC, PEP VIII-A SPV, L.P., PEP VIII (Scotland) SPV, L.P., PEP VIII SPV, L.P., PEP VIII-A AIV SPV, L.P. and PEP VIII Co-Invest SPV, L.P.
Following the sale, the reporting owners collectively still hold 8,913,813 shares of OUTFRONT Media Inc.
In other recent news, Outfront Media Inc. reported its second-quarter 2025 earnings, which showed a notable shortfall in earnings per share (EPS) compared to analyst estimates. The company’s EPS was reported at $0.10, significantly missing the forecasted $0.22, resulting in a surprise of -54.55%. However, revenue slightly surpassed expectations, reaching $460.2 million compared to the anticipated $458.61 million. Additionally, Outfront Media announced the appointment of Nicolas Brien as the new chief executive officer, effective immediately. Brien has been serving as interim CEO since February and has been part of the board since 2014. His compensation package includes an annual base salary of $1,000,000 and potential bonuses, along with long-term equity incentives. These developments reflect ongoing changes and challenges within the company.
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