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A group of entities related to 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 stock, which currently trades at $18.21 with a market capitalization of $3.1 billion, has shown strong momentum with an 18% return over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The selling entities include: 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. All entities share the same business address in Providence, RI. The company offers an attractive dividend yield of 6.59%, though InvestingPro data indicates relatively high valuation metrics, including a price-to-book ratio of 5.77x.
Following the transaction, the entities collectively still own 8,913,813 shares. Additionally, Michael J. Dominguez, a director of PEP International and the Issuer, directly holds 41,199 shares. For deeper insights into OUTFRONT Media’s insider trading patterns and comprehensive financial analysis, access the full Pro Research Report available on InvestingPro.
In other recent news, Outfront Media Inc. reported its second-quarter 2025 earnings, revealing a notable shortfall in earnings per share (EPS) compared to analyst estimates. The company posted an EPS of $0.10, which was significantly below the forecasted $0.22, resulting in a negative surprise of 54.55%. Despite the EPS miss, the company’s revenue slightly surpassed expectations, coming in at $460.2 million against a predicted $458.61 million. In a separate development, Outfront Media announced the appointment of Nicolas Brien as its new chief executive officer. Brien, who has been serving as interim CEO since February, will continue his role on the board. His compensation package includes a base salary of $1,000,000 and eligibility for a cash bonus and long-term equity incentives. Additionally, Brien will receive performance-based restricted share units tied to the company’s stock price performance over the next three years. These developments signal ongoing changes and challenges for Outfront Media.
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