National Asset Management Inc. Invests $30,000 in Redbox Entertainment Inc. (NASDAQ:RDBX)

National Asset Management Inc. bought a new position in Redbox Entertainment Inc. (NASDAQ:RDBXGet Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,500 shares of the company’s stock, valued at approximately $30,000.

A number of other hedge funds have also recently modified their holdings of the stock. B. Riley Asset Management LLC purchased a new stake in shares of Redbox Entertainment in the fourth quarter worth about $600,000. Kepos Capital LP purchased a new position in Redbox Entertainment during the fourth quarter worth approximately $815,000. Standard General L.P. purchased a new position in Redbox Entertainment during the fourth quarter worth approximately $7,260,000. Finally, Apollo Management Holdings L.P. purchased a new position in Redbox Entertainment during the fourth quarter worth approximately $255,841,000.

Analyst Ratings Changes

RDBX has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on Redbox Entertainment from $16.00 to $3.00 in a research report on Wednesday, April 20th. B. Riley downgraded Redbox Entertainment from a “neutral” rating to a “sell” rating in a research report on Friday, May 27th. Canaccord Genuity Group reduced their target price on Redbox Entertainment from $16.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, April 20th. BTIG Research cut Redbox Entertainment from a “buy” rating to a “neutral” rating in a report on Monday, April 18th. Finally, Wedbush cut Redbox Entertainment from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Redbox Entertainment currently has an average rating of “Hold” and an average price target of 9.57.

Redbox Entertainment Stock Up 16.3 %

NASDAQ:RDBX opened at 5.07 on Tuesday. Redbox Entertainment Inc. has a one year low of 1.61 and a one year high of 27.22. The stock has a 50 day moving average price of 7.29 and a 200 day moving average price of 4.66.

Redbox Entertainment (NASDAQ:RDBXGet Rating) last posted its quarterly earnings results on Friday, May 13th. The company reported -0.11 EPS for the quarter, beating the consensus estimate of -1.06 by 0.95. The company had revenue of 63.23 million during the quarter, compared to analyst estimates of 87.99 million. As a group, equities analysts forecast that Redbox Entertainment Inc. will post -1.54 earnings per share for the current fiscal year.

Redbox Entertainment Profile

(Get Rating)

Redbox Entertainment Inc operates a network of self-service kiosks in the United States. It operates a network of approximately 38,000 self-service kiosks, where consumers could rent or purchase new-release DVDs and Blu-ray Discs. The company provides installation, merchandising, and break-fix services to other kiosk businesses.

Read More

Institutional Ownership by Quarter for Redbox Entertainment (NASDAQ:RDBX)

Want More Great Investing Ideas?

Receive News & Ratings for Redbox Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redbox Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.