Cardtronics PLC (NASDAQ:CATM) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday.

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 analysts have also commented on the stock. Bank of America Corporation lowered their price target on shares of Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, July 7th. BidaskClub lowered shares of Cardtronics PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Lake Street Capital began coverage on shares of Cardtronics PLC in a research report on Monday, June 19th. They issued a “buy” rating and a $46.00 price target on the stock. ValuEngine lowered shares of Cardtronics PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet lowered shares of Cardtronics PLC from a “b” rating to a “c+” rating in a research report on Monday, May 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.17.

Cardtronics PLC (CATM) traded down 0.90% on Tuesday, reaching $31.97. 265,045 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $33.81 and a 200-day moving average of $44.43. The company has a market cap of $1.46 billion, a P/E ratio of 20.47 and a beta of 0.76. Cardtronics PLC has a 12-month low of $31.56 and a 12-month high of $56.00.

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In other Cardtronics PLC news, EVP Phillip Pilsuh Chin sold 825 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $34.03, for a total transaction of $28,074.75. Following the transaction, the executive vice president now owns 2,469 shares of the company’s stock, valued at $84,020.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Gerardo Garcia sold 3,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the insider now directly owns 3,743 shares in the company, valued at approximately $126,550.83. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,546 shares of company stock worth $770,512. 1.20% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of CATM. Snyder Capital Management L P increased its position in Cardtronics PLC by 15.6% in the first quarter. Snyder Capital Management L P now owns 1,183,006 shares of the business services provider’s stock worth $55,306,000 after buying an additional 159,694 shares in the last quarter. State of Alaska Department of Revenue increased its position in Cardtronics PLC by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,030 shares of the business services provider’s stock worth $235,000 after buying an additional 130 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Cardtronics PLC by 442.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 42,045 shares of the business services provider’s stock worth $1,966,000 after buying an additional 34,299 shares in the last quarter. Adams Diversified Equity Fund Inc. increased its position in Cardtronics PLC by 3.0% in the first quarter. Adams Diversified Equity Fund Inc. now owns 20,800 shares of the business services provider’s stock worth $972,000 after buying an additional 600 shares in the last quarter. Finally, Comerica Bank increased its position in Cardtronics PLC by 9.8% in the first quarter. Comerica Bank now owns 53,985 shares of the business services provider’s stock worth $2,344,000 after buying an additional 4,825 shares in the last quarter.

About Cardtronics PLC

Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.

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