First Midwest Bank Trust Division purchased a new position in shares of Outerwall Inc. (NASDAQ:OUTR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,296 shares of the company’s stock, valued at approximately $264,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in OUTR. Americafirst Capital Management LLC bought a new stake in Outerwall during the second quarter worth $106,000. Capstone Asset Management Co. bought a new stake in Outerwall during the second quarter worth $224,000. Acrospire Investment Management LLC bought a new stake in Outerwall during the first quarter worth $229,000. Louisiana State Employees Retirement System increased its stake 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 during the last quarter. Finally, Hollencrest Securities LLC bought a new stake in Outerwall during the second quarter worth $358,000.
Shares of Outerwall Inc. (NASDAQ:OUTR) remained flat at $52.00 during mid-day trading on Friday. Outerwall Inc. has a 52 week low of $24.81 and a 52 week high of $66.68. The stock has a 50 day moving average price of $51.92 and a 200 day moving average price of $45.19.
Outerwall (NASDAQ:OUTR) last posted its quarterly earnings results on Thursday, July 28th. The company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $1.04. The business earned $518 million during the quarter, compared to the consensus estimate of $487.29 million. Outerwall had a net margin of 6.29% and a return on equity of 2,419.68%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.19 earnings per share. Analysts anticipate that Outerwall Inc. will post $7.22 earnings per share for the current year.
A number of analysts recently weighed in on OUTR shares. JPMorgan Chase & Co. restated a “sell” rating and issued a $31.00 price objective on shares of Outerwall in a report on Wednesday, July 20th. Zacks Investment Research upgraded Outerwall from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Thursday, July 28th. Dougherty & Co downgraded Outerwall from a “neutral” rating to a “sell” rating in a report on Monday, July 25th. Roth Capital downgraded Outerwall from a “neutral” rating to a “sell” rating and set a $38.00 price target for the company. in a report on Monday, July 25th. Finally, Wedbush downgraded Outerwall from an “outperform” rating to a “neutral” rating and set a $45.00 price target for the company. in a report on Monday, July 25th. They noted that the move was a valuation call. 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 an average 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 business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $52.36, for a total value of $52,307,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by company insiders.
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.