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Cosi (NASDAQ:COSI) major shareholder Lloyd I. Miller III bought 521,739 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average price of $1.15 per share, for a total transaction of $599,999.85. Following the purchase, the insider now directly owns 156,428 shares in the company, valued at approximately $179,892. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Cosi (NASDAQ:COSI) traded down 2.78% on Friday, hitting $1.75. 226,253 shares of the company’s stock traded hands. Cosi has a one year low of $0.94 and a one year high of $2.70. The stock has a 50-day moving average of $1.27 and a 200-day moving average of $1.23. The company’s market cap is $31.8 million.

Cosi (NASDAQ:COSI) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.07) by $0.08. Analysts expect that Cosi will post $-0.83 earnings per share for the current fiscal year.

Cosi, Inc owns, operates and franchises restaurants, which sells hot and cold sandwiches, freshly-tossed salads, breakfast wraps, Cosi Squagels, hot melts, flatbread pizzas, S’mores and other desserts, and a variety of coffees and specialty coffees along with other soft drink beverages, bottled beverages including premium still and sparkling water, teas and beer and wine in some locations.

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