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Outerwall Inc (OUTR): Raging Capital Management Dumps Stake

According to a newly-amended 13G filing William C. Martin‘s Raging Capital Management dumped its entire position in Outerwall Inc (NASDAQ:OUTR), that previously amassed 6.8% of the company’s outstanding stock, or 1.17 million shares. In this way, Raging Capital Management no longer owns any shares of Outerwall Inc (NASDAQ:OUTR).

Outerwall is a company that provides automated retail solutions through its network of movies and video games self-service kiosks like the Redbox, while also owning coin-cashing machines. Over the last 12 months, the company’s shares have dropped by 38.35%. In November last year, Outerwall purchased an online e-commerce site, and it is already announced that the site might be sold off, thanks to activist investor Engaged Capital who asked for many changes within the company’s operations.

Other investors that were bullish on this stock at the end of December of 2015, aside from Raging Capital Management, are Allan Mecham and Ben Raybould’s Arlington Value Capital, which reported the most valuable position worth around $50.6 million, Debra Fine’s Fine Capital Partners, and Joel Greenblatt’s Gotham Asset Management.

On the other hand, investors who lost interest in this company, among the ones tracked by Insider Monkey, and sold off their investment are  John C. Walker’s Stonerise Capital Management, which dropped around $23.6 million in stock, and  Ken Griffin’s fund, Citadel Investment Group, which dumped $3.7 million worth of shares.

You can access the original SEC filing by clicking here.

William C. Martin
William C. Martin
Raging Capital Management

Page 1 of 4 – SEC Filing

Washington, D.C. 20549
(Rule 13d-102)


(Amendment No. 1)1
Outerwall Inc.
 (Name of Issuer)
Common Stock, $0.001 par value
 (Title of Class of Securities)
690070 10 7
 (CUSIP Number)
March 31, 2016
 (Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
   x  Rule 13d-1(b)
   o  Rule 13d-1(c)
   o  Rule 13d-1(d)

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
      The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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