Cardtronics (CATM) Upgraded to “Sell” by ValuEngine

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ValuEngine upgraded shares of Cardtronics (NASDAQ:CATM) from a strong sell rating to a sell rating in a research note issued to investors on Thursday morning.

Several other equities analysts have also recently issued reports on the company. BidaskClub cut Cardtronics from a buy rating to a hold rating in a research report on Tuesday, June 12th. Barrington Research restated a hold rating on shares of Cardtronics in a research report on Monday, May 7th. Bank of America set a $20.00 price target on Cardtronics and gave the company a sell rating in a research report on Friday, May 4th. Finally, Zacks Investment Research upgraded Cardtronics from a strong sell rating to a buy rating and set a $29.00 price target on the stock in a research report on Tuesday, April 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Cardtronics has an average rating of Hold and an average target price of $27.80.

Shares of Cardtronics opened at $26.01 on Thursday, Marketbeat Ratings reports. The stock has a market capitalization of $1.16 billion, a P/E ratio of 9.39, a P/E/G ratio of 1.67 and a beta of 0.85. Cardtronics has a 52-week low of $15.80 and a 52-week high of $34.90. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 0.91.

Cardtronics (NASDAQ:CATM) last issued its quarterly earnings results on Thursday, May 3rd. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.19. The firm had revenue of $336.20 million for the quarter, compared to analysts’ expectations of $311.11 million. Cardtronics had a positive return on equity of 29.50% and a negative net margin of 9.91%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. equities research analysts forecast that Cardtronics will post 1.38 EPS for the current fiscal year.

In other Cardtronics news, major shareholder Hudson Executive Capital Lp acquired 63,100 shares of the stock in a transaction on Thursday, March 29th. The shares were bought at an average price of $22.47 per share, with a total value of $1,417,857.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders acquired a total of 1,722,105 shares of company stock worth $41,872,257 in the last ninety days. 0.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CATM. Schwab Charles Investment Management Inc. boosted its holdings in Cardtronics by 4.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 389,001 shares of the business services provider’s stock valued at $7,205,000 after purchasing an additional 18,168 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Cardtronics in the 4th quarter valued at approximately $286,000. First Trust Advisors LP purchased a new stake in Cardtronics in the 4th quarter valued at approximately $1,745,000. Pinebridge Investments L.P. boosted its holdings in Cardtronics by 343.6% in the 4th quarter. Pinebridge Investments L.P. now owns 25,135 shares of the business services provider’s stock valued at $466,000 after purchasing an additional 19,469 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Cardtronics by 223.5% in the 4th quarter. Arizona State Retirement System now owns 76,778 shares of the business services provider’s stock valued at $1,422,000 after purchasing an additional 53,041 shares in the last quarter.

Cardtronics Company Profile

Cardtronics plc provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The company offers cash dispensing and bank balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, and operators of facilities, such as shopping malls, airports, and train stations.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cardtronics (NASDAQ:CATM)

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