Cardtronics (CATM) Trading 6.5% Higher

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Cardtronics PLC (NASDAQ:CATM) shares traded up 6.5% during mid-day trading on Tuesday . The company traded as high as $27.38 and last traded at $27.07. 573,840 shares changed hands during trading, a decline of 3% from the average session volume of 593,239 shares. The stock had previously closed at $25.41.

A number of research analysts have recently issued reports on the company. Barrington Research upgraded Cardtronics to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, November 2nd. ValuEngine upgraded Cardtronics from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd. BidaskClub lowered Cardtronics from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. TheStreet upgraded Cardtronics from a “d+” rating to a “c-” rating in a research report on Monday, August 27th. Finally, Zacks Investment Research upgraded Cardtronics from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.00.

The company has a market capitalization of $1.17 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Cardtronics (NASDAQ:CATM) last issued its earnings results on Thursday, November 1st. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. Cardtronics had a return on equity of 24.77% and a net margin of 1.86%. The business had revenue of $340.18 million during the quarter, compared to the consensus estimate of $319.30 million. During the same period last year, the company earned $0.96 EPS. The company’s revenue for the quarter was down 15.4% on a year-over-year basis. Research analysts predict that Cardtronics PLC will post 1.81 EPS for the current year.

In related news, insider Dan Antilley sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $31.31, for a total transaction of $156,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Tim Arnoult sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $31.54, for a total value of $94,620.00. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. Hudson Executive Capital LP increased its position in shares of Cardtronics by 1.0% during the 3rd quarter. Hudson Executive Capital LP now owns 8,126,933 shares of the business services provider’s stock worth $257,136,000 after purchasing an additional 80,098 shares during the last quarter. BlackRock Inc. boosted its holdings in Cardtronics by 3.9% during the 2nd quarter. BlackRock Inc. now owns 6,018,114 shares of the business services provider’s stock valued at $145,519,000 after acquiring an additional 224,208 shares during the period. Van Berkom & Associates Inc. boosted its holdings in Cardtronics by 2.2% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,798,818 shares of the business services provider’s stock valued at $88,555,000 after acquiring an additional 61,096 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Cardtronics by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,871,045 shares of the business services provider’s stock valued at $45,243,000 after acquiring an additional 184,143 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Cardtronics by 8.6% during the 3rd quarter. Clearbridge Investments LLC now owns 1,712,011 shares of the business services provider’s stock valued at $54,168,000 after acquiring an additional 135,655 shares during the period.

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Cardtronics Company Profile (NASDAQ:CATM)

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.

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