BidaskClub upgraded shares of Cardtronics (NASDAQ:CATM) from a sell rating to a hold rating in a research note published on Friday morning.
A number of other research firms also recently commented on CATM. Zacks Investment Research downgraded Cardtronics from a buy rating to a hold rating in a research report on Friday, October 5th. Barclays started coverage on Cardtronics in a research report on Wednesday, November 14th. They set an overweight rating and a $41.00 target price for the company. ValuEngine upgraded Cardtronics from a hold rating to a buy rating in a research report on Thursday. Finally, Barrington Research reiterated a hold rating on shares of Cardtronics in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $33.00.
Shares of NASDAQ CATM traded down $0.30 during midday trading on Friday, reaching $30.56. 211,606 shares of the stock traded hands, compared to its average volume of 369,288. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $1.40 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.33 and a beta of 1.39. Cardtronics has a one year low of $20.78 and a one year high of $39.10.
Cardtronics (NASDAQ:CATM) last posted its earnings results on Thursday, November 1st. The business services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.20. The firm had revenue of $340.18 million during the quarter, compared to the consensus estimate of $319.30 million. Cardtronics had a return on equity of 24.77% and a net margin of 1.86%. The company’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. As a group, equities analysts predict that Cardtronics will post 1.81 EPS for the current fiscal year.
In related news, insider Dan Antilley sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $31.31, for a total value of $156,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Tim Arnoult sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $31.54, for a total value of $94,620.00. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in Cardtronics by 3.1% in the fourth quarter. State of Alaska Department of Revenue now owns 12,474 shares of the business services provider’s stock worth $324,000 after purchasing an additional 378 shares during the period. Trexquant Investment LP increased its stake in Cardtronics by 13.3% in the third quarter. Trexquant Investment LP now owns 17,074 shares of the business services provider’s stock worth $540,000 after purchasing an additional 2,004 shares during the period. OppenheimerFunds Inc. increased its stake in Cardtronics by 6.7% in the second quarter. OppenheimerFunds Inc. now owns 35,915 shares of the business services provider’s stock worth $868,000 after purchasing an additional 2,250 shares during the period. Public Employees Retirement Association of Colorado increased its stake in Cardtronics by 56.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 6,254 shares of the business services provider’s stock worth $198,000 after purchasing an additional 2,255 shares during the period. Finally, Smith Asset Management Group LP increased its stake in Cardtronics by 2.6% in the third quarter. Smith Asset Management Group LP now owns 108,604 shares of the business services provider’s stock worth $3,436,000 after purchasing an additional 2,725 shares during the period.
Cardtronics plc provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The company offers cash dispensing and bank balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, and operators of facilities, such as shopping malls, airports, and train stations.
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