Trade Report: Today, Sandler O’Neill Initiates Coverage on Outerwall Inc (CSTR)

Today, Sandler O’Neill Initiates Coverage on Outerwall Inc (CSTR)

Investment analysts at Sandler O’Neill began coverage on shares of Outerwall Inc (NASDAQ:CSTR) in a research report issued on Monday, The Fly reports. The firm set a “hold” rating on the stock.

CSTR has been the topic of several other reports. Compass Point initiated coverage on shares of Outerwall in a research report on Thursday, September 22nd. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods initiated coverage on shares of Outerwall in a research report on Monday. They issued a “market perform” rating on the stock.

Shares of Outerwall (NASDAQ:CSTR) opened at 17.73 on Monday. The stock’s 50 day moving average is $17.24 and its 200-day moving average is $17.24. Outerwall has a 12-month low of $15.50 and a 12-month high of $18.06. The company has a market capitalization of $153.86 million and a P/E ratio of 22.73.

In other news, Director Louis A. Green III acquired 11,757 shares of Outerwall 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 directly owns 98,043 shares in the company, valued at approximately $1,470,645. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder North Dakota Investors Llc sold 1,060,873 shares of the stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $15.00, for a total transaction of $15,913,095.00. Following the completion of the sale, 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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