Victory Capital Management Inc. increased its position in Cardtronics Inc. (NASDAQ:CATM) by 77.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,532 shares of the company’s stock after buying an additional 1,104 shares during the period. Victory Capital Management Inc.’s holdings in Cardtronics were worth $101,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Cardtronics by 138.9% in the first quarter. BlackRock Inc. now owns 3,435 shares of the company’s stock worth $123,000 after buying an additional 1,997 shares during the last quarter. 1st Global Advisors Inc. raised its position in shares of Cardtronics by 2.0% in the second quarter. 1st Global Advisors Inc. now owns 5,711 shares of the company’s stock worth $227,000 after buying an additional 114 shares during the last quarter. First Midwest Bank Trust Division acquired a new position in shares of Cardtronics during the second quarter worth about $248,000. Suntrust Banks Inc. raised its position in shares of Cardtronics by 4.9% in the second quarter. Suntrust Banks Inc. now owns 6,550 shares of the company’s stock worth $259,000 after buying an additional 308 shares during the last quarter. Finally, Menta Capital LLC acquired a new position in shares of Cardtronics during the first quarter worth about $302,000.
Shares of Cardtronics Inc. (NASDAQ:CATM) traded down 0.04% during midday trading on Friday, reaching $48.76. The company’s stock had a trading volume of 329,274 shares. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 30.72 and a beta of 0.76. Cardtronics Inc. has a 52-week low of $28.01 and a 52-week high of $49.41. The stock has a 50 day moving average price of $44.71 and a 200-day moving average price of $41.11.
Cardtronics (NASDAQ:CATM) last issued its quarterly earnings data 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 had revenue of $324 million for the quarter, compared to analyst estimates of $315.48 million. Cardtronics had a return on equity of 33.95% and a net margin of 5.83%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 EPS. Equities research analysts expect that Cardtronics Inc. will post $3.25 EPS for the current year.
A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Cardtronics from a “strong-buy” rating to a “hold” rating in a research report on Friday. Barrington Research lowered Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Feltl & Co. initiated coverage on Cardtronics in a research report on Thursday, September 22nd. They set a “buy” rating and a $48.00 price target on the stock. Jefferies Group upped their price target on Cardtronics from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Finally, JPMorgan Chase & Co. lowered Cardtronics from an “overweight” rating to a “neutral” rating and upped their price target for the company from $45.00 to $50.00 in a research report on Friday, August 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $47.00.
In other news, Director J Tim Arnoult sold 5,000 shares of the stock in a transaction dated 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 approximately $303,880.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 value of $432,931.30. Following the transaction, the executive vice president now directly owns 67,050 shares in the company, valued at approximately $3,161,407.50. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
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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