Analysts at Raymond James Financial Inc. assumed coverage on shares of Outerwall Inc (NASDAQ:CSTR) in a research report issued on Monday. The brokerage set an “outperform” rating on the stock.
A number of other research firms also recently issued reports on CSTR. Compass Point assumed coverage on shares of Outerwall in a report on Thursday, September 22nd. They set a “buy” rating for the company. Keefe, Bruyette & Woods assumed coverage on shares of Outerwall in a report on Monday. They set a “market perform” rating for the company. Finally, Sandler O’Neill assumed coverage on shares of Outerwall in a report on Monday. They set a “hold” rating for the company.
Shares of Outerwall (NASDAQ:CSTR) traded down 0.17% during mid-day trading on Monday, hitting $17.70. The stock had a trading volume of 6,042 shares. The firm has a market capitalization of $153.60 million and a price-to-earnings ratio of 22.69. The stock’s 50-day moving average is $17.24 and its 200 day moving average is $17.24. Outerwall has a 1-year low of $15.50 and a 1-year high of $18.06.
In other news, Director Louis A. Green III acquired 11,757 shares of the stock in a transaction dated Wednesday, September 21st. The stock was purchased at an average cost of $15.00 per share, with a total value of $176,355.00. Following the completion of the purchase, the director now owns 98,043 shares in the company, valued at approximately $1,470,645. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder North Dakota Investors Llc sold 1,060,873 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $15.00, for a total transaction of $15,913,095.00. Following the transaction, the insider now directly owns 1,060,873 shares of the company’s stock, valued at $15,913,095. The disclosure for this sale can be found here.
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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