Cardtronics Inc. (CATM) Hits New 52-Week High at $41.43
Cardtronics Inc. (NASDAQ:CATM)’s share price hit a new 52-week high on Tuesday . The company traded as high as $41.43 and last traded at $41.34, with a volume of 167,462 shares. The stock had previously closed at $40.41.
A number of brokerages have recently weighed in on CATM. Jefferies Group reiterated a “buy” rating and set a $42.00 target price (up previously from $38.00) on shares of Cardtronics in a research note on Friday, March 18th. Zacks Investment Research upgraded Cardtronics from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $41.50.
The firm has a market cap of $1.87 billion and a PE ratio of 27.99. The firm’s 50 day moving average price is $39.68 and its 200 day moving average price is $35.71.
Cardtronics (NASDAQ:CATM) last announced its earnings results on Thursday, April 28th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. During the same quarter in the previous year, the firm earned $0.64 EPS. The business earned $303.20 million during the quarter, compared to analysts’ expectations of $293.40 million. Cardtronics’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts expect that Cardtronics Inc. will post $3.13 earnings per share for the current year.
In other news, EVP Rick Updyke sold 17,910 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $40.04, for a total value of $717,116.40. Following the transaction, the executive vice president now owns 76,232 shares in the company, valued at approximately $3,052,329.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gerardo Garcia sold 8,588 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $38.37, for a total value of $329,521.56. Following the completion of the transaction, the insider now owns 27,549 shares in the company, valued at approximately $1,057,055.13. The disclosure for this sale can be found here.
Several institutional investors have made changes to their positions in the company. Comerica Bank increased its position in shares of Cardtronics by 1.7% in the fourth quarter. Comerica Bank now owns 47,928 shares of the company’s stock worth $1,572,000 after buying an additional 818 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of 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 worth $1,513,000 after buying an additional 1,059 shares during the last quarter. Atlantic Trust Group LLC increased its position in shares of Cardtronics by 0.4% in the fourth quarter. Atlantic Trust Group LLC now owns 268,273 shares of the company’s stock worth $9,028,000 after buying an additional 1,088 shares during the last quarter. Century Capital Management LLC increased its position in shares of Cardtronics by 2.5% in the fourth quarter. Century Capital Management LLC now owns 167,047 shares of the company’s stock worth $5,621,000 after buying an additional 4,088 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Cardtronics by 8.1% in the fourth quarter. Rhumbline Advisers now owns 60,114 shares of the company’s stock worth $2,023,000 after buying an additional 4,500 shares during the last quarter.
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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