PineBridge Investments L.P. boosted its stake in shares of Cardtronics Inc. (NASDAQ:CATM) by 3.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,735 shares of the company’s stock after buying an additional 213 shares during the period. PineBridge Investments L.P.’s holdings in Cardtronics were worth $228,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in CATM. Victory Capital Management Inc. boosted its stake in Cardtronics by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,532 shares of the company’s stock valued at $101,000 after buying an additional 1,104 shares during the period. BlackRock Inc. boosted its stake in Cardtronics by 138.9% in the first quarter. BlackRock Inc. now owns 3,435 shares of the company’s stock valued at $123,000 after buying an additional 1,997 shares during the period. Acrospire Investment Management LLC boosted its stake in Cardtronics by 23.5% in the second quarter. Acrospire Investment Management LLC now owns 3,151 shares of the company’s stock valued at $125,000 after buying an additional 600 shares during the period. 1st Global Advisors Inc. boosted its stake in Cardtronics by 2.0% in the second quarter. 1st Global Advisors Inc. now owns 5,711 shares of the company’s stock valued at $227,000 after buying an additional 114 shares during the period. Finally, Parametrica Management Ltd purchased a new stake in Cardtronics during the first quarter valued at approximately $241,000.
Cardtronics Inc. (NASDAQ:CATM) opened at 43.78 on Tuesday. The firm’s 50-day moving average price is $44.74 and its 200 day moving average price is $40.43. 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 Inc. has a 12-month low of $28.01 and a 12-month high of $48.46.
Cardtronics (NASDAQ:CATM) last released its earnings results on Thursday, July 28th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. Cardtronics had a return on equity of 33.95% and a net margin of 5.83%. The firm earned $324 million during the quarter, compared to analysts’ expectations of $315.48 million. During the same period in the prior year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. On average, analysts expect that Cardtronics Inc. will post $3.25 earnings per share for the current year.
Several research firms have recently issued reports on CATM. Barrington Research lowered Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. JPMorgan Chase & Co. lowered Cardtronics from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $45.00 to $50.00 in a research report on Friday, August 19th. Jefferies Group raised their price target on Cardtronics from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Finally, Feltl & Co. began coverage on Cardtronics in a research report on Thursday, September 22nd. They issued a “buy” rating and a $48.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $45.33.
In other news, EVP Rick Updyke sold 9,182 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 67,050 shares in the company, valued at $3,161,407.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Tim Arnoult sold 5,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 6,648 shares of the company’s stock, valued at $303,880.08. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
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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