ValuEngine Lowers Cardtronics (CATM) to Sell

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cardtronics (NASDAQ:CATM)

Receive News & Ratings for Cardtronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardtronics and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply