Cardtronics Inc. (CATM) Position Maintained by New York State Teachers Retirement System
New York State Teachers Retirement System continued to hold its position in Cardtronics Inc. (NASDAQ:CATM) during the second quarter, Holdings Channel reports. The fund owned 84,396 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Cardtronics were worth $3,360,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Cardtronics by 138.9% in the first quarter. BlackRock Inc. now owns 3,435 shares of the company’s stock worth $123,000 after buying an additional 1,997 shares during the period. 1st Global Advisors Inc. boosted its position in Cardtronics by 2.0% in the second quarter. 1st Global Advisors Inc. now owns 5,711 shares of the company’s stock worth $227,000 after buying an additional 114 shares during the period. Menta Capital LLC purchased a new position in Cardtronics during the first quarter worth about $302,000. Pacad Investment Ltd. boosted its position in Cardtronics by 29.1% in the first quarter. Pacad Investment Ltd. now owns 10,200 shares of the company’s stock worth $367,000 after buying an additional 2,300 shares during the period. Finally, Logan Capital Management Inc. boosted its position in Cardtronics by 45.7% in the first quarter. Logan Capital Management Inc. now owns 10,200 shares of the company’s stock worth $367,000 after buying an additional 3,200 shares during the period.
Cardtronics Inc. (NASDAQ:CATM) traded up 2.40% during trading on Monday, hitting $49.93. 368,474 shares of the stock were exchanged. The firm’s 50-day moving average is $44.71 and its 200 day moving average is $41.11. The firm has a market cap of $2.26 billion, a PE ratio of 31.46 and a beta of 0.76. Cardtronics Inc. has a 52 week low of $28.01 and a 52 week high of $49.98.
Cardtronics (NASDAQ:CATM) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $324 million for the quarter, compared to analyst estimates of $315.48 million. Cardtronics had a net margin of 5.83% and a return on equity of 33.95%. Cardtronics’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. Analysts expect that Cardtronics Inc. will post $3.25 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on CATM shares. Feltl & Co. started coverage on Cardtronics in a report on Thursday, September 22nd. They set a “buy” rating and a $48.00 target price for the company. Jefferies Group increased 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 downgraded shares of Cardtronics from a “strong-buy” rating to a “hold” rating in a research note on Friday. Barrington Research downgraded shares of Cardtronics from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. downgraded shares of Cardtronics from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $45.00 to $50.00 in a research note on Friday, August 19th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cardtronics currently has an average rating of “Buy” and a consensus price target of $47.00.
In related news, insider Patrick Michael Mccarthy sold 3,034 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $46.02, for a total value of $139,624.68. Following the transaction, the insider now owns 26,831 shares in the company, valued at $1,234,762.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Rick Updyke sold 9,182 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $47.15, for a total transaction of $432,931.30. Following the completion of the transaction, the executive vice president now owns 67,050 shares in the company, valued at approximately $3,161,407.50. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Cardtronics PLC, formerly 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.
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