Cardtronics Inc. (CATM) Now Covered by Feltl & Co.
Equities researchers at Feltl & Co. initiated coverage on shares of Cardtronics Inc. (NASDAQ:CATM) in a report released on Thursday. The firm set a “buy” rating and a $48.00 price target on the stock. Feltl & Co.’s price target would indicate a potential upside of 10.37% from the stock’s previous close.
CATM has been the subject of a number of other research reports. Barrington Research cut Cardtronics from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. JPMorgan Chase & Co. cut Cardtronics from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $45.00 to $50.00 in a report on Friday, August 19th. Finally, Jefferies Group lifted their price target on Cardtronics from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $45.33.
Shares of Cardtronics (NASDAQ:CATM) traded up 1.43% during trading on Thursday, hitting $44.11. The stock had a trading volume of 49,107 shares. The stock has a market capitalization of $2.00 billion, a P/E ratio of 27.79 and a beta of 0.79. Cardtronics has a 12-month low of $28.01 and a 12-month high of $48.46. The stock’s 50-day moving average is $44.90 and its 200-day moving average is $40.20.
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Cardtronics (NASDAQ:CATM) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Cardtronics had a return on equity of 33.95% and a net margin of 5.83%. The business earned $324 million during the quarter, compared to analysts’ expectations of $315.48 million. During the same quarter last year, the company posted $0.71 earnings per share. Cardtronics’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts predict that Cardtronics will post $3.25 EPS for the current fiscal year.
In other Cardtronics news, EVP Rick Updyke sold 9,182 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $47.15, for a total transaction of $432,931.30. Following the completion of the transaction, the executive vice president now directly owns 67,050 shares in the company, valued at $3,161,407.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Patrick Michael Mccarthy sold 3,034 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $46.02, for a total transaction of $139,624.68. Following the transaction, the insider now owns 26,831 shares of the company’s stock, valued at $1,234,762.62. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mason Street Advisors LLC purchased a new position in shares of Cardtronics during the second quarter valued at approximately $352,000. Public Employees Retirement System of Ohio increased its position in shares of Cardtronics by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 169,637 shares of the company’s stock valued at $6,753,000 after buying an additional 2,779 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Cardtronics by 23.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 217,975 shares of the company’s stock valued at $8,678,000 after buying an additional 41,394 shares in the last quarter. Amalgamated Bank purchased a new position in shares of Cardtronics during the second quarter valued at approximately $242,000. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Cardtronics by 6.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 32,673 shares of the company’s stock valued at $1,301,000 after buying an additional 2,056 shares in the last quarter.
Cardtronics, Inc is a provider of automated consumer financial services. The Company provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Company’s operations consisted of its North America and Europe segments. Its North America segment includes operations in all 50 states, Puerto Rico, Canada and Mexico.
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