BNP Paribas Arbitrage SA Has $477,000 Holdings in Cardtronics PLC (CATM)
BNP Paribas Arbitrage SA boosted its position in shares of Cardtronics PLC (NASDAQ:CATM) by 57.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,521 shares of the business services provider’s stock after purchasing an additional 5,321 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cardtronics PLC were worth $477,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CATM. American Century Companies Inc. purchased a new position in Cardtronics PLC during the first quarter worth about $2,944,000. Flinton Capital Management LLC increased its position in shares of Cardtronics PLC by 6.2% during the first quarter. Flinton Capital Management LLC now owns 2,408 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 140 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Cardtronics PLC by 30.2% during the first quarter. Bank of New York Mellon Corp now owns 803,605 shares of the business services provider’s stock valued at $37,569,000 after acquiring an additional 186,600 shares during the last quarter. Comerica Bank increased its position in shares of Cardtronics PLC by 9.8% during the first quarter. Comerica Bank now owns 53,985 shares of the business services provider’s stock valued at $2,344,000 after acquiring an additional 4,825 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Cardtronics PLC by 79.9% during the first quarter. LS Investment Advisors LLC now owns 3,064 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 1,361 shares during the last quarter.
A number of brokerages have weighed in on CATM. ValuEngine cut shares of Cardtronics PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Lake Street Capital began coverage on shares of Cardtronics PLC in a research report on Monday, June 19th. They set a “buy” rating and a $46.00 price target for the company. Bank of America Corporation dropped their price target on shares of Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, July 7th. BidaskClub cut shares of Cardtronics PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Finally, Zacks Investment Research cut shares of Cardtronics PLC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Cardtronics PLC has a consensus rating of “Hold” and an average price target of $45.40.
Cardtronics PLC (NASDAQ CATM) opened at 27.75 on Friday. The firm has a market cap of $1.27 billion, a PE ratio of 19.15 and a beta of 0.81. Cardtronics PLC has a one year low of $24.91 and a one year high of $56.00. The company has a 50 day moving average of $27.18 and a 200-day moving average of $35.66.
Cardtronics PLC (NASDAQ:CATM) last posted its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Cardtronics PLC had a net margin of 4.83% and a return on equity of 28.23%. The firm had revenue of $385.11 million for the quarter, compared to analyst estimates of $379.03 million. During the same quarter last year, the firm posted $0.80 earnings per share. Cardtronics PLC’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities research analysts predict that Cardtronics PLC will post $2.84 earnings per share for the current year.
In related news, EVP Phillip Pilsuh Chin sold 825 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $34.03, for a total value of $28,074.75. Following the transaction, the executive vice president now owns 2,469 shares in the company, valued at $84,020.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.
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About Cardtronics PLC
Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.
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