Cardtronics (CATM) Given “Underperform” Rating at Bank of America

Bank of America restated their underperform rating on shares of Cardtronics (NASDAQ:CATM) in a research note issued to investors on Thursday.

Other research analysts have also issued research reports about the company. Lake Street Capital lowered Cardtronics from a buy rating to a hold rating and reduced their price target for the stock from $40.00 to $31.00 in a report on Tuesday, September 26th. William Blair lowered Cardtronics from an outperform rating to a market perform rating in a report on Monday, September 25th. BidaskClub upgraded Cardtronics from a sell rating to a hold rating in a report on Wednesday, January 3rd. Zacks Investment Research lowered Cardtronics from a hold rating to a sell rating in a report on Tuesday, January 2nd. Finally, ValuEngine lowered Cardtronics from a buy rating to a hold rating in a report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Cardtronics presently has an average rating of Hold and a consensus price target of $32.00.

Shares of Cardtronics (CATM) traded up $0.04 on Thursday, reaching $21.72. 586,823 shares of the company’s stock traded hands, compared to its average volume of 512,936. Cardtronics has a 52 week low of $15.80 and a 52 week high of $55.71. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a market cap of $990.37, a PE ratio of -7.26, a PEG ratio of 0.97 and a beta of 0.64.

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

In related news, Director Mark Rossi acquired 2,500 shares of Cardtronics stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $16.81 per share, for a total transaction of $42,025.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Edward H. West acquired 12,500 shares of Cardtronics stock in a transaction that occurred on Tuesday, November 7th. The stock was bought at an average price of $17.29 per share, for a total transaction of $216,125.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 20,000 shares of company stock worth $343,150. Insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP raised its holdings in Cardtronics by 52.4% in the 3rd quarter. Quantbot Technologies LP now owns 27,727 shares of the business services provider’s stock valued at $637,000 after buying an additional 9,530 shares during the period. JPMorgan Chase & Co. increased its stake in Cardtronics by 19.9% during the third quarter. JPMorgan Chase & Co. now owns 362,652 shares of the business services provider’s stock worth $8,642,000 after purchasing an additional 60,183 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in Cardtronics during the third quarter worth about $756,000. TD Asset Management Inc. purchased a new stake in Cardtronics during the third quarter worth about $794,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Cardtronics by 25.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 95,730 shares of the business services provider’s stock worth $3,146,000 after purchasing an additional 19,392 shares during the period.

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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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