Cardtronics Inc. (CATM) Hits New 1-Year High at $43.37
Cardtronics Inc. (NASDAQ:CATM) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $43.37 and last traded at $43.08, with a volume of 134,680 shares trading hands. The stock had previously closed at $43.03.
Separately, Zacks Investment Research upgraded Cardtronics from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cardtronics currently has an average rating of “Buy” and a consensus target price of $41.50.
The firm has a market capitalization of $1.95 billion and a P/E ratio of 29.21. The stock has a 50 day moving average price of $40.20 and a 200 day moving average price of $35.91.
Cardtronics (NASDAQ:CATM) last announced its earnings results on Thursday, April 28th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. The firm earned $303.20 million during the quarter, compared to the consensus estimate of $293.40 million. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 EPS. On average, analysts predict that Cardtronics Inc. will post $3.12 earnings per share for the current fiscal year.
In related news, insider Gerardo Garcia sold 8,588 shares of Cardtronics 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 transaction, the insider now owns 27,549 shares in the company, valued at approximately $1,057,055.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick Michael Mccarthy sold 3,033 shares of Cardtronics stock in a transaction on Monday, May 9th. The stock was sold at an average price of $38.47, for a total transaction of $116,679.51. Following the completion of the transaction, the insider now owns 29,865 shares in the company, valued at approximately $1,148,906.55. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently made changes to their positions in the company. Pear Tree Advisors Inc. purchased a new position in shares of Cardtronics during the fourth quarter valued at approximately $1,554,000. Principal Financial Group Inc. increased its position in shares of Cardtronics by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 295,951 shares of the company’s stock valued at $9,959,000 after buying an additional 13,199 shares during the period. Russell Frank Co increased its position in shares of 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. Nationwide Fund Advisors increased its position in shares of 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. Finally, US Bancorp DE increased its position in shares of Cardtronics by 12.2% in the fourth quarter. US Bancorp DE now owns 56,122 shares of the company’s stock valued at $1,888,000 after buying an additional 6,115 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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