Cardtronics Inc. (CATM) Reaches New 12-Month High at $43.89
Cardtronics Inc. (NASDAQ:CATM)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $43.89 and last traded at $43.54, with a volume of 193,492 shares changing hands. The stock had previously closed at $43.53.
Separately, Zacks Investment Research upgraded shares of Cardtronics from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Cardtronics presently has a consensus rating of “Buy” and an average price target of $41.50.
The firm’s 50-day moving average is $40.81 and its 200-day moving average is $36.35. The company has a market capitalization of $1.98 billion and a P/E ratio of 29.62.
Cardtronics (NASDAQ:CATM) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.68 earnings per share (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 analysts’ expectations of $293.40 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year.
In other news, EVP Rick Updyke sold 17,910 shares of the firm’s stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $40.04, for a total value of $717,116.40. Following the completion of the transaction, the executive vice president now directly owns 76,232 shares in the company, valued at $3,052,329.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gerardo Garcia sold 8,588 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,057,055.13. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted 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 valued at $1,513,000 after buying an additional 1,059 shares during the last quarter. Pear Tree Advisors Inc. purchased a new position in shares of Cardtronics during the fourth quarter valued at about $1,554,000. Comerica Bank boosted 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 valued at $1,572,000 after buying an additional 818 shares during the last quarter. US Bancorp DE boosted 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 last quarter. Finally, Nationwide Fund Advisors boosted 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 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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