Insider Selling: Cardtronics CAO Unloads 4,000 Shares of Stock (CATM)
Cardtronics (NASDAQ:CATM) CAO E. Brad Conrad unloaded 4,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $42.82, for a total value of $171,280.00. Following the transaction, the chief accounting officer now directly owns 14,768 shares of the company’s stock, valued at approximately $632,366. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Cardtronics (NASDAQ:CATM) traded up 0.89% on Friday, hitting $42.91. The stock had a trading volume of 268,078 shares. Cardtronics has a one year low of $23.13 and a one year high of $44.46. The stock’s 50-day moving average is $42.74 and its 200-day moving average is $36.58. The company has a market cap of $1.931 billion and a P/E ratio of 70.77.
Cardtronics (NASDAQ:CATM) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.06. The company had revenue of $228.80 million for the quarter, compared to the consensus estimate of $231.75 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis.
CATM has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Cardtronics from a “buy” rating to a “hold” rating in a research note to investors on Thursday, November 7th. Separately, analysts at SunTrust raised their price target on shares of Cardtronics from $45.00 to $47.00 in a research note to investors on Tuesday, November 5th. They now have a “buy” rating on the stock. Finally, analysts at Compass Point raised their price target on shares of Cardtronics from $39.00 to $40.00 in a research note to investors on Tuesday, November 5th. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $39.33.
Cardtronics, Inc (NASDAQ:CATM) provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks.
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