Penn Capital Management Company LLC Invests $11.55 Million in NCR Atleos Corporation $NATL

Penn Capital Management Company LLC purchased a new position in shares of NCR Atleos Corporation (NYSE:NATL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 293,302 shares of the company’s stock, valued at approximately $11,553,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CIBC Bancorp USA Inc. acquired a new stake in NCR Atleos in the 3rd quarter worth about $307,000. Advisory Services Network LLC acquired a new position in shares of NCR Atleos during the third quarter valued at approximately $123,000. Dark Forest Capital Management LP purchased a new position in shares of NCR Atleos in the third quarter valued at approximately $1,151,000. Prelude Capital Management LLC boosted its stake in shares of NCR Atleos by 1,224.4% in the third quarter. Prelude Capital Management LLC now owns 99,333 shares of the company’s stock worth $3,905,000 after acquiring an additional 91,833 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of NCR Atleos by 36.1% in the third quarter. Public Employees Retirement System of Ohio now owns 2,083 shares of the company’s stock worth $82,000 after acquiring an additional 552 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

NCR Atleos Price Performance

Shares of NATL stock opened at $43.85 on Wednesday. The company has a debt-to-equity ratio of 6.65, a current ratio of 0.96 and a quick ratio of 0.78. The firm’s 50-day moving average is $41.18 and its two-hundred day moving average is $39.09. NCR Atleos Corporation has a 12 month low of $22.30 and a 12 month high of $48.50. The company has a market capitalization of $3.23 billion, a PE ratio of 19.40 and a beta of 0.79.

NCR Atleos (NYSE:NATL) last posted its quarterly earnings results on Thursday, February 26th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.27. The business had revenue of $1.15 billion during the quarter. NCR Atleos had a net margin of 3.92% and a return on equity of 84.28%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.11 EPS.

Analyst Ratings Changes

Several research analysts recently commented on the company. DA Davidson reissued a “neutral” rating and issued a $50.00 price objective (down from $60.00) on shares of NCR Atleos in a research note on Friday, February 27th. Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of NCR Atleos in a report on Thursday, January 22nd. Finally, Wedbush cut NCR Atleos from an “outperform” rating to a “hold” rating and boosted their target price for the stock from $45.00 to $50.40 in a report on Friday, February 27th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, NCR Atleos presently has a consensus rating of “Hold” and a consensus price target of $50.27.

About NCR Atleos

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.