Outerwall Inc (OUTR) : Fine Capital Partners reduced its stake in Outerwall Inc by 11.4% during the most recent quarter end. The investment management company now holds a total of 1,220,130 shares of Outerwall Inc which is valued at $63,654,182 after selling 157,035 shares in Outerwall Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Outerwall Inc makes up approximately 7.00% of Fine Capital Partners’s portfolio.
Other Hedge Funds, Including , Gotham Asset Management reduced its stake in OUTR by selling 60,678 shares or 11.55% in the most recent quarter. The Hedge Fund company now holds 464,676 shares of OUTR which is valued at $24,242,147. Outerwall Inc makes up approx 0.27% of Gotham Asset Management’s portfolio. Canada Pension Plan Investment Board sold out all of its stake in OUTR during the most recent quarter. The investment firm sold 67,600 shares of OUTR which is valued $3,526,692.Rhumbline Advisers boosted its stake in OUTR in the latest quarter, The investment management firm added 148 additional shares and now holds a total of 23,894 shares of Outerwall Inc which is valued at $1,246,550. Her Majesty The Queen In Right Of The Province Of Alberta… added OUTR to its portfolio by purchasing 11,700 company shares during the most recent quarter which is valued at $614,016. Outerwall Inc makes up approx 0.01% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.
Outerwall Inc closed down -0.14 points or -0.27% at $51.82 with 17,46,908 shares getting traded on Thursday. Post opening the session at $51.85, the shares hit an intraday low of $51.78 and an intraday high of $51.89 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.