Cardtronics (NASDAQ:CATM) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday.
A number of other equities research analysts have also recently commented on CATM. Wells Fargo raised shares of Cardtronics from a “market perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a report on Wednesday, January 24th. Zacks Investment Research cut shares of Cardtronics from a “hold” rating to a “sell” rating in a report on Friday, January 26th. BidaskClub raised shares of Cardtronics from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. William Blair reaffirmed a “market perform” rating on shares of Cardtronics in a report on Wednesday, February 21st. Finally, Bank of America set a $19.00 price target on shares of Cardtronics and gave the stock a “sell” rating in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $27.80.
Shares of NASDAQ CATM opened at $28.60 on Tuesday. Cardtronics has a twelve month low of $15.80 and a twelve month high of $34.98. The company has a market capitalization of $1.32 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.19.
Cardtronics (NASDAQ:CATM) last posted its quarterly earnings results on Thursday, May 3rd. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.19. The company had revenue of $336.20 million for the quarter, compared to analysts’ expectations of $311.11 million. Cardtronics had a negative net margin of 9.91% and a positive return on equity of 29.50%. Cardtronics’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. analysts forecast that Cardtronics will post 1.38 EPS for the current fiscal year.
In other Cardtronics news, EVP Joseph Bradley Nolan bought 5,725 shares of the stock in a transaction on Wednesday, March 7th. The shares were acquired at an average price of $26.16 per share, with a total value of $149,766.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Hudson Executive Capital Lp bought 322,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were acquired at an average cost of $23.32 per share, for a total transaction of $7,509,040.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,049,830 shares of company stock worth $49,531,063 in the last three months. Insiders own 0.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of CATM. Hudson Executive Capital LP raised its holdings in Cardtronics by 228.3% during the 1st quarter. Hudson Executive Capital LP now owns 6,387,830 shares of the business services provider’s stock valued at $142,512,000 after acquiring an additional 4,442,175 shares during the period. Bank of New York Mellon Corp raised its holdings in Cardtronics by 60.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,105,741 shares of the business services provider’s stock valued at $20,478,000 after acquiring an additional 417,725 shares during the period. Great Lakes Advisors LLC bought a new stake in Cardtronics during the 1st quarter valued at $7,732,000. PNC Financial Services Group Inc. raised its holdings in Cardtronics by 11,577.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 263,685 shares of the business services provider’s stock valued at $5,882,000 after acquiring an additional 261,427 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in Cardtronics by 64.6% during the 4th quarter. Two Sigma Advisers LP now owns 520,252 shares of the business services provider’s stock valued at $9,635,000 after acquiring an additional 204,200 shares during the period.
Cardtronics Company Profile
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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