Swiss National Bank lowered its position in Outerwall Inc. (NASDAQ:OUTR) by 6.3% during the second quarter, Holdings Channel reports. The institutional investor owned 31,050 shares of the company’s stock after selling 2,100 shares during the period. Swiss National Bank owned 0.18% of Outerwall worth $1,304,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Americafirst Capital Management LLC purchased a new position in Outerwall during the second quarter worth approximately $106,000. Capstone Asset Management Co. purchased a new position in Outerwall during the second quarter worth approximately $224,000. Acrospire Investment Management LLC purchased a new position in Outerwall during the first quarter worth approximately $229,000. First Midwest Bank Trust Division purchased a new position in Outerwall during the second quarter worth approximately $264,000. Finally, Louisiana State Employees Retirement System increased its position in Outerwall by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the company’s stock worth $319,000 after buying an additional 200 shares in the last quarter.
Outerwall Inc. (NASDAQ:OUTR) remained flat at $52.00 during mid-day trading on Friday. Outerwall Inc. has a 1-year low of $24.81 and a 1-year high of $66.68. The stock has a market cap of $842.92 million, a P/E ratio of 6.68 and a beta of 1.69. The firm’s 50 day moving average price is $51.96 and its 200 day moving average price is $44.56.
Outerwall (NASDAQ:OUTR) last issued its quarterly earnings results on Thursday, July 28th. The company reported $2.41 earnings per share (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 firm had revenue of $518 million for the quarter, compared to analyst estimates of $487.29 million. During the same period in the previous year, the company posted $2.19 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities research analysts anticipate that Outerwall Inc. will post $7.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Tuesday, August 23rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $2.40 annualized dividend and a yield of 4.62%. Outerwall’s dividend payout ratio is 30.89%.
OUTR has been the topic of several recent research reports. Wedbush downgraded Outerwall from an “outperform” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Monday, July 25th. They noted that the move was a valuation call. Dougherty & Co downgraded Outerwall from a “neutral” rating to a “sell” rating in a report on Monday, July 25th. Zacks Investment Research downgraded Outerwall from a “buy” rating to a “hold” rating in a report on Friday, July 29th. B. Riley reissued a “buy” rating and issued a $58.00 price target on shares of Outerwall in a report on Monday. Finally, Roth Capital downgraded Outerwall from a “neutral” rating to a “sell” rating and set a $38.00 price target on the stock. in a report on Monday, July 25th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $44.43.
In related news, insider Engaged Capital Llc sold 999,000 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is available through this link. Corporate 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.
Want to see what other hedge funds are holding OUTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Outerwall Inc. (NASDAQ:OUTR).
Receive News & Ratings for Outerwall Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outerwall Inc. and related companies with MarketBeat.com's FREE daily email newsletter.