Shares of Cardtronics Inc. (NASDAQ:CATM) fell 1.9% during trading on Wednesday . The stock traded as low as $39.92 and last traded at $40.02, with a volume of 406,281 shares trading hands. The stock had previously closed at $40.80.

Several brokerages have recently commented on CATM. Zacks Investment Research downgraded shares of Cardtronics from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Jefferies Group restated a “buy” rating and set a $42.00 price objective (up from $38.00) on shares of Cardtronics in a research report on Friday, March 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $41.50.

The firm’s 50-day moving average is $39.40 and its 200-day moving average is $35.56. The company has a market capitalization of $1.81 billion and a P/E ratio of 27.11.

Cardtronics (NASDAQ:CATM) last released its earnings results on Thursday, April 28th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. The company had revenue of $303.20 million for the quarter, compared to analysts’ expectations of $293.40 million. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. Equities analysts predict that Cardtronics Inc. will post $3.13 EPS for the current fiscal year.

In other news, insider Gerardo Garcia sold 8,588 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $38.37, for a total value of $329,521.56. Following the sale, the insider now directly owns 27,549 shares of the company’s stock, valued at approximately $1,057,055.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rick Updyke sold 17,910 shares of the company’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $40.04, for a total transaction of $717,116.40. Following the completion of the sale, the executive vice president now directly owns 76,232 shares in the company, valued at $3,052,329.28. The disclosure for this sale can be found here.

Other hedge funds have added to or reduced their stakes in the company. Comerica Bank increased its stake in Cardtronics by 1.7% in the fourth quarter. Comerica Bank now owns 47,928 shares of the company’s stock valued at $1,572,000 after buying an additional 818 shares during the period. Nationwide Fund Advisors increased its stake in Cardtronics by 12.8% in the fourth quarter. Nationwide Fund Advisors now owns 56,439 shares of the company’s stock valued at $1,899,000 after buying an additional 6,408 shares during the period. Russell Frank Co increased its stake in Cardtronics by 10.1% in the fourth quarter. Russell Frank Co now owns 142,951 shares of the company’s stock valued at $4,851,000 after buying an additional 13,107 shares during the period. Century Capital Management LLC increased its stake in Cardtronics by 2.5% in the fourth quarter. Century Capital Management LLC now owns 167,047 shares of the company’s stock valued at $5,621,000 after buying an additional 4,088 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in Cardtronics by 2.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 44,964 shares of the company’s stock valued at $1,513,000 after buying an additional 1,059 shares during the period.

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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