Cardtronics Sees Unusually Large Options Volume (CATM)

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Cardtronics PLC (NASDAQ:CATM) was the target of some unusual options trading on Thursday. Stock traders purchased 1,012 put options on the company. This is an increase of approximately 1,740% compared to the typical daily volume of 55 put options.

A number of hedge funds and other institutional investors have recently made changes to their positions in CATM. JPMorgan Chase & Co. increased its position in Cardtronics by 659.3% during the third quarter. JPMorgan Chase & Co. now owns 500,418 shares of the business services provider’s stock worth $15,833,000 after buying an additional 434,511 shares during the last quarter. Teachers Advisors LLC increased its position in Cardtronics by 2.1% during the third quarter. Teachers Advisors LLC now owns 142,389 shares of the business services provider’s stock worth $4,505,000 after buying an additional 2,889 shares during the last quarter. Clearbridge Investments LLC increased its position in Cardtronics by 8.6% during the third quarter. Clearbridge Investments LLC now owns 1,712,011 shares of the business services provider’s stock worth $54,168,000 after buying an additional 135,655 shares during the last quarter. Federated Investors Inc. PA increased its position in Cardtronics by 3,039.9% during the third quarter. Federated Investors Inc. PA now owns 70,020 shares of the business services provider’s stock worth $2,215,000 after buying an additional 67,790 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Cardtronics by 3.1% during the fourth quarter. State of Alaska Department of Revenue now owns 12,474 shares of the business services provider’s stock worth $324,000 after buying an additional 378 shares during the last quarter.

NASDAQ:CATM opened at $35.41 on Friday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.83 and a current ratio of 0.86. The stock has a market capitalization of $1.66 billion, a P/E ratio of 18.84, a P/E/G ratio of 1.77 and a beta of 1.32. Cardtronics has a 52-week low of $23.48 and a 52-week high of $39.10.

Cardtronics (NASDAQ:CATM) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $318.30 million for the quarter, compared to the consensus estimate of $310.99 million. Cardtronics had a return on equity of 21.80% and a net margin of 0.27%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, analysts anticipate that Cardtronics will post 1.68 earnings per share for the current year.

CATM has been the topic of a number of recent research reports. BidaskClub raised Cardtronics from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Zacks Investment Research raised Cardtronics from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, February 1st. Barrington Research reaffirmed a “buy” rating and issued a $40.00 target price on shares of Cardtronics in a research report on Friday, February 22nd. Finally, ValuEngine raised Cardtronics from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Cardtronics presently has a consensus rating of “Hold” and an average price target of $35.40.

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About Cardtronics

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 balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, financial institutions, and operators of facilities, such as shopping malls, airports, and train stations.

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