Cardtronics Inc. (CATM) Reaches New 12-Month High at $43.89
Cardtronics Inc. (NASDAQ:CATM) reached a new 52-week high during trading on Tuesday . The company traded as high as $43.89 and last traded at $43.54, with a volume of 193,492 shares traded. The stock had previously closed at $43.53.
Separately, Zacks Investment Research raised Cardtronics from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, May 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.50.
The company has a 50 day moving average price of $40.99 and a 200-day moving average price of $36.49. The firm has a market cap of $2.00 billion and a P/E ratio of 29.902.
Cardtronics (NASDAQ:CATM) last issued its quarterly earnings data 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 prior year, the firm earned $0.64 EPS. The firm had revenue of $303.20 million for the quarter, compared to the consensus estimate of $293.40 million. The company’s revenue was up 7.6% on a year-over-year basis. On average, equities research analysts forecast that Cardtronics Inc. will post $3.12 EPS for the current year.
In other Cardtronics news, insider Gerardo Garcia sold 8,588 shares of the company’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 sale, the insider now owns 27,549 shares in the company, valued at approximately $1,057,055.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Patrick Michael Mccarthy sold 3,033 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $38.47, for a total value of $116,679.51. Following the completion of the sale, 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.
Other large investors recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised 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 worth $1,513,000 after buying an additional 1,059 shares during the period. Pear Tree Advisors Inc. bought a new stake in Cardtronics during the fourth quarter worth approximately $1,554,000. Comerica Bank raised its stake in 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 period. US Bancorp DE raised its stake in Cardtronics by 12.2% in the fourth quarter. US Bancorp DE now owns 56,122 shares of the company’s stock worth $1,888,000 after buying an additional 6,115 shares during the period. Finally, Nationwide Fund Advisors raised its stake in Cardtronics by 12.8% in the fourth quarter. Nationwide Fund Advisors now owns 56,439 shares of the company’s stock worth $1,899,000 after buying an additional 6,408 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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