Cardtronics Inc. (CATM) Hits New 1-Year High at $46.92
Cardtronics Inc. (NASDAQ:CATM) reached a new 52-week high on Monday . The company traded as high as $46.92 and last traded at $46.69, with a volume of 127,413 shares traded. The stock had previously closed at $46.27.
A number of equities research analysts have recently weighed in on CATM shares. Jefferies Group lifted their target price on Cardtronics from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Zacks Investment Research cut Cardtronics from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Barrington Research cut Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.50.
The stock’s 50-day moving average price is $42.79 and its 200-day moving average price is $37.60. The firm has a market cap of $2.12 billion and a PE ratio of 29.50.
Cardtronics (NASDAQ:CATM) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The business earned $324 million during the quarter, compared to the consensus estimate of $315.48 million. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts forecast that Cardtronics Inc. will post $3.25 EPS for the current year.
In other Cardtronics news, insider Patrick Michael Mccarthy sold 3,034 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $46.02, for a total value of $139,624.68. Following the completion of the transaction, the insider now owns 26,831 shares in the company, valued at approximately $1,234,762.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Tim Arnoult sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $45.71, for a total value of $228,550.00. Following the completion of the transaction, the director now owns 6,648 shares of the company’s stock, valued at approximately $303,880.08. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have made changes to their positions in the company. Pear Tree Advisors Inc. acquired a new position in shares of Cardtronics during the fourth quarter worth about $1,554,000. 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 worth $1,888,000 after buying an additional 6,115 shares during the period. Finally, 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 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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