California State Teachers Retirement System cut its position in shares of Outerwall Inc. (NASDAQ:OUTR) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 35,665 shares of the company’s stock after selling 912 shares during the period. California State Teachers Retirement System owned 0.21% of Outerwall worth $1,498,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Outerwall by 52.9% in the first quarter. JPMorgan Chase & Co. now owns 692,972 shares of the company’s stock worth $25,633,000 after buying an additional 239,639 shares during the period. Norges Bank acquired a new stake in Outerwall during the fourth quarter worth $7,540,000. Kennedy Capital Management Inc. boosted its stake in Outerwall by 43.5% in the first quarter. Kennedy Capital Management Inc. now owns 629,928 shares of the company’s stock worth $23,301,000 after buying an additional 190,820 shares during the period. Panagora Asset Management Inc. boosted its stake in Outerwall by 170.9% in the first quarter. Panagora Asset Management Inc. now owns 235,019 shares of the company’s stock worth $8,693,000 after buying an additional 148,266 shares during the period. Finally, A.R.T. Advisors LLC boosted its stake in Outerwall by 191.8% in the first quarter. A.R.T. Advisors LLC now owns 103,306 shares of the company’s stock worth $3,821,000 after buying an additional 67,900 shares during the period.

Outerwall Inc. (NASDAQ:OUTR) traded up 0.08% during mid-day trading on Tuesday, hitting $51.99. The stock had a trading volume of 145,337 shares. Outerwall Inc. has a 52 week low of $24.81 and a 52 week high of $66.68. The stock has a market capitalization of $842.76 million, a P/E ratio of 6.68 and a beta of 1.69. The company’s 50 day moving average is $52.08 and its 200-day moving average is $43.68.

Outerwall (NASDAQ:OUTR) last issued its earnings results on Thursday, July 28th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $1.37 by $1.04. Outerwall had a return on equity of 2,419.68% and a net margin of 6.29%. The business had revenue of $518 million for the quarter, compared to the consensus estimate of $487.29 million. During the same period last year, the business posted $2.19 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. On average, analysts expect that Outerwall Inc. will post $7.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $2.40 annualized dividend and a yield of 4.62%. Outerwall’s dividend payout ratio is 30.89%.

OUTR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated a “sell” rating and issued a $31.00 price target on shares of Outerwall in a research note on Wednesday, July 20th. Wedbush lowered Outerwall from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a report on Monday, July 25th. They noted that the move was a valuation call. Zacks Investment Research lowered Outerwall from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Roth Capital lowered Outerwall from a “neutral” rating to a “sell” rating and set a $38.00 price objective on the stock. in a report on Monday, July 25th. Finally, Craig Hallum lowered Outerwall from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.50.

In other Outerwall news, insider Engaged Capital Llc sold 999,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $52.36, for a total transaction of $52,307,640.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.60% of the company’s stock.

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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