State Board of Administration of Florida Retirement System raised its position in Outerwall Inc. (NASDAQ:OUTR) by 21.3% during the second quarter, Holdings Channel reports. The firm owned 11,172 shares of the company’s stock after buying an additional 1,962 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.06% of Outerwall worth $469,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Americafirst Capital Management LLC acquired a new stake in shares of Outerwall during the second quarter worth approximately $106,000. Capstone Asset Management Co. purchased a new stake in shares of Outerwall during the second quarter valued at about $224,000. Hollencrest Securities LLC purchased a new stake in shares of Outerwall during the second quarter valued at about $358,000. Squarepoint Ops LLC raised its stake in shares of Outerwall by 12.3% in the first quarter. Squarepoint Ops LLC now owns 18,738 shares of the company’s stock valued at $693,000 after buying an additional 2,048 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Outerwall by 170.9% in the first quarter. Panagora Asset Management Inc. now owns 235,019 shares of the company’s stock valued at $8,693,000 after buying an additional 148,266 shares during the last quarter.
Shares of Outerwall Inc. (NASDAQ:OUTR) remained flat at $52.00 during trading on Friday. Outerwall Inc. has a one year low of $24.81 and a one year high of $66.68. The company has a 50 day moving average price of $51.92 and a 200 day moving average price of $45.19.
Outerwall (NASDAQ:OUTR) last issued its earnings results on Thursday, July 28th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $1.37 by $1.04. Outerwall had a return on equity of 2,419.68% and a net margin of 6.29%. The business had revenue of $518 million for the quarter, compared to the consensus estimate of $487.29 million. During the same period last year, the business posted $2.19 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Outerwall Inc. will post $7.22 EPS for the current year.
Several analysts have issued reports on the company. B. Riley restated a “buy” rating and issued a $58.00 target price on shares of Outerwall in a research note on Saturday, July 30th. Zacks Investment Research lowered Outerwall from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Dougherty & Co lowered Outerwall from a “neutral” rating to a “sell” rating in a research note on Monday, July 25th. Craig Hallum lowered Outerwall from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Roth Capital lowered Outerwall from a “neutral” rating to a “sell” rating and set a $38.00 target price on the stock. in a research note on Monday, July 25th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.43.
In other Outerwall news, insider Engaged Capital Llc sold 999,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $52.36, for a total transaction of $52,307,640.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.60% of the company’s stock.
Outerwall Company Profile
Outerwall Inc is a provider of automated retail solutions. The Company’s business segments are Redbox, Coinstar and ecoATM. Its offerings include Redbox business, which enables consumers to rent or purchase movies and video games from self-service kiosks (Redbox segment); Coinstar business, which enables consumers to convert their coins to cash and convert coins and cash to stored value products at self-service kiosks (Coinstar segment), and ecoATM business, which enables consumers to sell electronic devices for cash at self-service kiosks, and purchase and sell electronic devices for cash through an online solution under its Gazelle brand.
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