Feltl & Co. Initiates Coverage on Cardtronics Inc. (CATM)
Feltl & Co. assumed coverage on shares of Cardtronics Inc. (NASDAQ:CATM) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating and a $48.00 price target on the stock. Feltl & Co.’s target price points to a potential upside of 10.37% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Barrington Research cut Cardtronics from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Jefferies Group boosted their price objective on Cardtronics from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Finally, JPMorgan Chase & Co. cut Cardtronics from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $45.00 to $50.00 in a report on Friday, August 19th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cardtronics presently has a consensus rating of “Buy” and an average price target of $45.33.
Shares of Cardtronics (NASDAQ:CATM) traded up 1.29% on Thursday, reaching $44.05. The company’s stock had a trading volume of 55,011 shares. The company has a market cap of $1.99 billion, a PE ratio of 27.76 and a beta of 0.79. Cardtronics has a 52-week low of $28.01 and a 52-week high of $48.46. The firm has a 50 day moving average of $44.90 and a 200 day moving average of $40.20.
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Cardtronics (NASDAQ:CATM) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.80 earnings per share (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 company earned $324 million during the quarter, compared to analysts’ expectations of $315.48 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. Analysts predict that Cardtronics will post $3.25 earnings per share for the current 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, Director J Tim Arnoult sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $45.71, for a total transaction of $228,550.00. Following the transaction, the director now owns 6,648 shares of the company’s stock, valued at $303,880.08. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CATM. Bank of Montreal Can purchased a new position in shares of Cardtronics during the second quarter valued at approximately $15,850,000. Norges Bank purchased a new position in shares of Cardtronics during the fourth quarter valued at approximately $9,339,000. Fuller & Thaler Asset Management Inc. increased its position in shares of Cardtronics by 20.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,377,579 shares of the company’s stock valued at $54,841,000 after buying an additional 229,310 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Cardtronics by 5.3% in the second quarter. Vanguard Group Inc. now owns 4,102,929 shares of the company’s stock valued at $163,338,000 after buying an additional 205,612 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Cardtronics during the second quarter valued at approximately $7,524,000.
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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