Outerwall Inc (OUTR) : Acrospire Investment Management reduced its stake in Outerwall Inc by 11.31% during the most recent quarter end. The investment management company now holds a total of 5,491 shares of Outerwall Inc which is valued at $288,278 after selling 700 shares in Outerwall Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Outerwall Inc makes up approximately 0.21% of Acrospire Investment Management’s portfolio.
Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in OUTR in the latest quarter, The investment management firm added 291 additional shares and now holds a total of 2,390 shares of Outerwall Inc which is valued at $125,475.Timber Hill boosted its stake in OUTR in the latest quarter, The investment management firm added 242 additional shares and now holds a total of 7,625 shares of Outerwall Inc which is valued at $400,923. Outerwall Inc makes up approx 0.03% of Timber Hill’s portfolio. Gamco Investors Et Al sold out all of its stake in OUTR during the most recent quarter. The investment firm sold 9,300 shares of OUTR which is valued $488,994.California State Teachers Retirement System reduced its stake in OUTR by selling 912 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 35,665 shares of OUTR which is valued at $1,871,699.Hl Financial Services boosted its stake in OUTR in the latest quarter, The investment management firm added 2,971 additional shares and now holds a total of 34,258 shares of Outerwall Inc which is valued at $1,789,638. Outerwall Inc makes up approx 0.04% of Hl Financial Services’s portfolio.
Outerwall Inc opened for trading at $52.23 and hit $52.3 on the upside on Wednesday, eventually ending the session at $52.26, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 13,15,629 shares. Company has a market cap of $900 M.
On the company’s financial health, Outerwall Inc reported $2.41 EPS for the quarter, beating the analyst consensus estimate by $ 1.04 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.37. The company had revenue of $518.00 million for the quarter, compared to analysts expectations of $486.99 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.19 EPS.
Many Wall Street Analysts have commented on Outerwall Inc. Outerwall Inc was Downgraded by Dougherty & Company to ” Sell” on Jul 26, 2016. Company shares were Reiterated by Wedbush on Jul 26, 2016 to “Neutral”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .Outerwall Inc was Downgraded by ROTH Capital to ” Sell” on Jul 25, 2016.
Outerwall Inc. is a provider of automated retail solutions. The Company’s business segments include The Redbox Coinstar and New Ventures. The Redbox segment is focused on the entertainment consumer sector where consumers can rent or purchase movies and video games from self-service kiosks. The Coinstar business segment is focused on the money consumer sector and provides self-service kiosks where consumers can convert their coins to cash and convert coins and paper bills to stored value products. Its New Ventures segment identifies evaluates builds and develops self-service concepts in the automated retail space.