Cardtronics Inc. (NASDAQ:CATM) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “
Several other research analysts also recently issued reports on CATM. Feltl & Co. assumed coverage on shares of Cardtronics in a research note on Thursday, September 22nd. They issued a “buy” rating and a $48.00 target price on the stock. Jefferies Group upped their target price on shares of Cardtronics from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Barrington Research downgraded shares of Cardtronics from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. downgraded shares of Cardtronics from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $45.00 to $50.00 in a research note on Friday, August 19th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cardtronics has an average rating of “Buy” and a consensus price target of $47.00.
Cardtronics (NASDAQ:CATM) opened at 49.93 on Friday. Cardtronics has a 1-year low of $28.01 and a 1-year high of $49.98. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 31.46 and a beta of 0.76. The company has a 50-day moving average of $44.83 and a 200-day moving average of $41.30.
Cardtronics (NASDAQ:CATM) last issued its earnings results on Thursday, July 28th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $324 million for the quarter, compared to the consensus estimate of $315.48 million. Cardtronics had a net margin of 5.83% and a return on equity of 33.95%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Analysts anticipate that Cardtronics will post $3.25 earnings per share for the current fiscal year.
In other Cardtronics news, EVP Rick Updyke sold 9,182 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $47.15, for a total value of $432,931.30. Following the transaction, the executive vice president now directly owns 67,050 shares in the company, valued at $3,161,407.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Tim Arnoult sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $45.71, for a total transaction of $228,550.00. Following the completion of the transaction, the director now owns 6,648 shares in the company, valued at $303,880.08. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CATM. BlackRock Institutional Trust Company N.A. increased its position in Cardtronics by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,123,948 shares of the company’s stock valued at $40,451,000 after buying an additional 5,305 shares during the last quarter. BlackRock Group LTD increased its position in Cardtronics by 9.4% in the first quarter. BlackRock Group LTD now owns 59,202 shares of the company’s stock valued at $2,131,000 after buying an additional 5,098 shares during the last quarter. Capstone Asset Management Co. increased its position in Cardtronics by 3.1% in the second quarter. Capstone Asset Management Co. now owns 13,520 shares of the company’s stock valued at $538,000 after buying an additional 410 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Cardtronics by 96.7% in the second quarter. BNP Paribas Arbitrage SA now owns 15,280 shares of the company’s stock valued at $608,000 after buying an additional 7,512 shares during the last quarter. Finally, Menta Capital LLC acquired a new position in Cardtronics during the first quarter valued at $302,000.
Cardtronics PLC, formerly Cardtronics, Inc, is a provider of automated consumer financial services. The Company provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Company’s operations consisted of its North America and Europe segments.
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