Cardtronics PLC (NASDAQ:CATM) was downgraded by equities research analysts at Lake Street Capital from a “buy” rating to a “hold” rating in a report issued on Tuesday, The Fly reports.

A number of other equities research analysts have also recently weighed in on CATM. ValuEngine cut Cardtronics PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut Cardtronics PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Bank of America Corporation decreased their price objective on Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, July 7th. Zacks Investment Research cut Cardtronics PLC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. Finally, William Blair cut Cardtronics PLC from an “outperform” rating to a “market perform” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $44.75.

Cardtronics PLC (NASDAQ:CATM) last issued its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The firm had revenue of $385.11 million during the quarter, compared to analysts’ expectations of $379.03 million. Cardtronics PLC had a return on equity of 28.23% and a net margin of 4.83%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS.

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A number of institutional investors have recently added to or reduced their stakes in CATM. American Century Companies Inc. purchased a new stake in Cardtronics PLC in the first quarter valued at about $2,944,000. Bank of New York Mellon Corp raised its stake in Cardtronics PLC by 30.2% in the first quarter. Bank of New York Mellon Corp now owns 803,605 shares of the business services provider’s stock valued at $37,569,000 after buying an additional 186,600 shares during the last quarter. Comerica Bank raised its stake in Cardtronics PLC by 9.8% in the first quarter. Comerica Bank now owns 53,985 shares of the business services provider’s stock valued at $2,344,000 after buying an additional 4,825 shares during the last quarter. LS Investment Advisors LLC raised its stake in Cardtronics PLC by 79.9% in the first quarter. LS Investment Advisors LLC now owns 3,064 shares of the business services provider’s stock valued at $143,000 after buying an additional 1,361 shares during the last quarter. Finally, Swiss National Bank raised its stake in Cardtronics PLC by 1.6% in the first quarter. Swiss National Bank now owns 74,400 shares of the business services provider’s stock valued at $3,478,000 after buying an additional 1,200 shares during the last quarter.

Cardtronics PLC Company Profile

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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Analyst Recommendations for Cardtronics PLC (NASDAQ:CATM)

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