Cardtronics (CATM) Stock Rating Lowered by Zacks Investment Research

Cardtronics (NASDAQ:CATM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued 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. “

A number of other research analysts also recently commented on CATM. William Blair downgraded shares of Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Monday, September 25th. Lake Street Capital downgraded shares of Cardtronics from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $31.00 in a research report on Tuesday, September 26th. SunTrust Banks reissued a “buy” rating and set a $25.00 target price on shares of Cardtronics in a research report on Friday, November 3rd. TheStreet downgraded shares of Cardtronics from a “c” rating to a “d” rating in a research report on Friday, November 3rd. Finally, BidaskClub raised shares of Cardtronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Cardtronics currently has a consensus rating of “Hold” and an average target price of $32.00.

Cardtronics (NASDAQ:CATM) traded up $1.73 during mid-day trading on Tuesday, reaching $20.25. 1,410,507 shares of the company traded hands, compared to its average volume of 840,350. The stock has a market cap of $846.02, a P/E ratio of -6.77, a PEG ratio of 0.58 and a beta of 0.64. Cardtronics has a 52 week low of $15.80 and a 52 week high of $56.00. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 2.64.

Cardtronics (NASDAQ:CATM) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $402.00 million for the quarter, compared to the consensus estimate of $383.97 million. Cardtronics had a negative net margin of 9.37% and a positive return on equity of 29.32%. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. analysts predict that Cardtronics will post 2.66 earnings per share for the current fiscal year.

In other news, CFO Edward H. West purchased 12,500 shares of the stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average cost of $17.29 per share, for a total transaction of $216,125.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dennis Lynch purchased 5,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $85,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,000 shares of company stock worth $343,150 in the last three months. Insiders own 1.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CATM. Schwab Charles Investment Management Inc. boosted its holdings in shares of Cardtronics by 5.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 369,087 shares of the business services provider’s stock valued at $12,129,000 after buying an additional 19,067 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Cardtronics in the 2nd quarter valued at about $479,000. Legal & General Group Plc boosted its holdings in shares of Cardtronics by 10.9% in the 2nd quarter. Legal & General Group Plc now owns 88,214 shares of the business services provider’s stock valued at $2,898,000 after buying an additional 8,660 shares in the last quarter. Comerica Bank boosted its holdings in shares of Cardtronics by 9.3% in the 2nd quarter. Comerica Bank now owns 59,014 shares of the business services provider’s stock valued at $1,801,000 after buying an additional 5,029 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Cardtronics by 57.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,521 shares of the business services provider’s stock valued at $477,000 after buying an additional 5,321 shares in the last quarter.

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About Cardtronics

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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