First Trust Advisors LP raised its position in Cardtronics Inc. (NASDAQ:CATM) by 71.6% during the second quarter, Holdings Channel reports. The fund owned 37,849 shares of the company’s stock after buying an additional 15,793 shares during the period. First Trust Advisors LP owned approximately 0.08% of Cardtronics worth $1,507,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of Cardtronics during the second quarter worth approximately $15,850,000. Norges Bank acquired a new position in shares of Cardtronics during the fourth quarter worth approximately $9,339,000. Emerald Acquisition Ltd. acquired a new position in shares of Cardtronics during the second quarter worth approximately $7,524,000. EAM Investors LLC acquired a new position in shares of Cardtronics during the second quarter worth approximately $2,529,000. Finally, State Street Corp boosted its position in shares of Cardtronics by 2.5% in the first quarter. State Street Corp now owns 874,745 shares of the company’s stock worth $31,485,000 after buying an additional 20,933 shares during the last quarter.
Cardtronics Inc. (NASDAQ:CATM) traded down 0.68% during trading on Thursday, hitting $43.78. 185,252 shares of the company were exchanged. The stock’s 50-day moving average is $44.60 and its 200-day moving average is $40.52. Cardtronics Inc. has a 12 month low of $28.01 and a 12 month high of $48.46. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 27.59 and a beta of 0.79.
Cardtronics (NASDAQ:CATM) last issued its earnings results on Thursday, July 28th. The company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.03. The business earned $324 million during the quarter, compared to analysts’ expectations of $315.48 million. Cardtronics had a net margin of 5.83% and a return on equity of 33.95%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. Equities research analysts anticipate that Cardtronics Inc. will post $3.25 earnings per share for the current year.
A number of equities analysts have commented on CATM shares. JPMorgan Chase & Co. cut shares of Cardtronics from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $45.00 to $50.00 in a research note on Friday, August 19th. Barrington Research cut shares of Cardtronics from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Jefferies Group lifted their price objective 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. Finally, Feltl & Co. started coverage on shares of Cardtronics in a research note on Thursday, September 22nd. They issued a “buy” rating and a $48.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Cardtronics currently has an average rating of “Buy” and an average price target of $45.33.
In other news, insider Patrick Michael Mccarthy sold 3,034 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $46.02, for a total value of $139,624.68. Following the completion of the sale, the insider now directly owns 26,831 shares in the company, valued at $1,234,762.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rick Updyke sold 9,182 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $47.15, for a total transaction of $432,931.30. Following the completion of the sale, the executive vice president now owns 67,050 shares of the company’s stock, valued at $3,161,407.50. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
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. Its North America segment includes operations in all 50 states, Puerto Rico, Canada and Mexico.
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