Zacks Investment Research Lowers Cardtronics Inc. (CATM) to Hold
According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “
A number of other research analysts have also issued reports on CATM. JPMorgan Chase & Co. lowered Cardtronics from an overweight rating to a neutral rating and increased their target price for the company from $45.00 to $50.00 in a research report on Friday, August 19th. Barrington Research lowered Cardtronics from an outperform rating to a market perform rating in a research report on Friday, July 29th. Jefferies Group increased their target price on Cardtronics from $46.00 to $52.00 and gave the company a buy rating in a research report on Monday, August 1st. Finally, Feltl & Co. initiated coverage on Cardtronics in a research report on Thursday, September 22nd. They set a buy rating and a $48.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $47.00.
Shares of Cardtronics (NASDAQ:CATM) opened at 50.19 on Friday. The stock’s 50 day moving average is $45.09 and its 200 day moving average is $41.43. The company has a market cap of $2.27 billion, a PE ratio of 31.63 and a beta of 0.76. Cardtronics has a 52-week low of $28.01 and a 52-week high of $50.45.
Cardtronics (NASDAQ:CATM) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.03. Cardtronics had a return on equity of 33.95% and a net margin of 5.83%. The business had revenue of $324 million for the quarter, compared to analyst estimates of $315.48 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities analysts forecast that Cardtronics will post $3.25 EPS for the current year.
In other Cardtronics news, insider Patrick Michael Mccarthy sold 3,034 shares of the firm’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 sale, the insider now directly owns 26,831 shares of the company’s stock, valued at approximately $1,234,762.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Tim Arnoult sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $45.71, for a total value of $228,550.00. Following the completion of the sale, the director now directly owns 6,648 shares of the company’s stock, valued at $303,880.08. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Cardtronics by 5.3% in the second quarter. Vanguard Group Inc. now owns 4,102,929 shares of the company’s stock worth $163,338,000 after buying an additional 205,612 shares during the period. Dimensional Fund Advisors LP boosted its position in Cardtronics by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,391,107 shares of the company’s stock worth $55,379,000 after buying an additional 16,341 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Cardtronics by 20.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,377,579 shares of the company’s stock worth $54,841,000 after buying an additional 229,310 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Cardtronics by 0.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,129,356 shares of the company’s stock worth $44,960,000 after buying an additional 5,408 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in Cardtronics by 0.3% in the second quarter. Stephens Investment Management Group LLC now owns 1,069,773 shares of the company’s stock worth $42,588,000 after buying an additional 3,071 shares in the last quarter.
Cardtronics Company Profile
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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