Cardtronics Inc. (CATM) Stock Rating Lowered by Zacks Investment Research
Cardtronics Inc. (NASDAQ:CATM) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “
Several other brokerages have also recently issued reports on CATM. Feltl & Co. started coverage on Cardtronics in a research note on Thursday, September 22nd. They issued a “buy” rating and a $48.00 price objective on the stock. Jefferies Group raised their price target on Cardtronics from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 1st. JPMorgan Chase & Co. cut Cardtronics from an “overweight” rating to a “neutral” rating and raised their price target for the company from $45.00 to $50.00 in a research note on Friday, August 19th. Finally, Barrington Research cut Cardtronics from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.00.
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Shares of Cardtronics (NASDAQ:CATM) traded down 0.04% during trading on Friday, hitting $48.76. The stock had a trading volume of 329,274 shares. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 30.72 and a beta of 0.76. Cardtronics has a 12-month low of $28.01 and a 12-month high of $49.41. The stock’s 50-day moving average is $44.67 and its 200-day moving average is $41.01.
Cardtronics (NASDAQ:CATM) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $324 million for the quarter, compared to analysts’ expectations of $315.48 million. Cardtronics had a return on equity of 33.95% and a net margin of 5.83%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share. On average, equities research analysts expect that Cardtronics will post $3.25 EPS for the current year.
In related news, insider Patrick Michael Mccarthy sold 3,034 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director J Tim Arnoult sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $45.71, for a total value of $228,550.00. Following the transaction, the director now directly owns 6,648 shares in the company, valued at approximately $303,880.08. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in Cardtronics by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,532 shares of the company’s stock worth $101,000 after buying an additional 1,104 shares in the last quarter. BlackRock Inc. raised its position in Cardtronics by 138.9% in the first quarter. BlackRock Inc. now owns 3,435 shares of the company’s stock worth $123,000 after buying an additional 1,997 shares in the last quarter. Acrospire Investment Management LLC raised its position in Cardtronics by 23.5% in the second quarter. Acrospire Investment Management LLC now owns 3,151 shares of the company’s stock worth $125,000 after buying an additional 600 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Cardtronics by 5,562.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,870 shares of the company’s stock worth $194,000 after buying an additional 4,784 shares in the last quarter. Finally, 1st Global Advisors Inc. raised its position in Cardtronics by 2.0% in the second quarter. 1st Global Advisors Inc. now owns 5,711 shares of the company’s stock worth $227,000 after buying an additional 114 shares in the last quarter.
Cardtronics Company Profile
Cardtronics PLC, formerly 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.
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