California State Teachers Retirement System cut its holdings in Cardtronics PLC (NASDAQ:CATM) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,981 shares of the business services provider’s stock after selling 7,809 shares during the period. California State Teachers Retirement System owned 0.16% of Cardtronics worth $1,679,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of CATM. JPMorgan Chase & Co. increased its position in shares of Cardtronics by 106.3% in the second quarter. JPMorgan Chase & Co. now owns 302,469 shares of the business services provider’s stock valued at $9,939,000 after acquiring an additional 5,066,029 shares during the period. FMR LLC boosted its stake in shares of Cardtronics by 33.3% during the 2nd quarter. FMR LLC now owns 3,634,132 shares of the business services provider’s stock valued at $119,417,000 after purchasing an additional 906,953 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Cardtronics by 78.8% during the second quarter. Renaissance Technologies LLC now owns 1,346,200 shares of the business services provider’s stock worth $44,236,000 after acquiring an additional 593,200 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Cardtronics in the third quarter worth approximately $10,897,000. Finally, Formula Growth Ltd. lifted its stake in shares of Cardtronics by 266.7% in the third quarter. Formula Growth Ltd. now owns 451,990 shares of the business services provider’s stock worth $10,400,000 after buying an additional 328,744 shares in the last quarter.
In other news, Director Mark Rossi bought 2,500 shares of Cardtronics stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $16.81 per share, with a total value of $42,025.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.
Several research firms have recently weighed in on CATM. SunTrust Banks reaffirmed a “buy” rating and set a $25.00 target price on shares of Cardtronics in a report on Friday, November 3rd. TheStreet cut shares of Cardtronics from a “c” rating to a “d” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Cardtronics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. BidaskClub upgraded shares of Cardtronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 16th. Finally, ValuEngine lowered shares of Cardtronics from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Cardtronics has an average rating of “Hold” and an average target price of $31.25.
Cardtronics PLC (NASDAQ CATM) traded down $0.45 during mid-day trading on Friday, reaching $22.95. 682,145 shares of the company’s stock traded hands, compared to its average volume of 984,889. Cardtronics PLC has a fifty-two week low of $15.80 and a fifty-two week high of $50.45. The company has a market capitalization of $1,048.38, a price-to-earnings ratio of -7.68, a P/E/G ratio of 1.14 and a beta of 0.88. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 2.64.
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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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