BidaskClub Downgrades Cardtronics (CATM) to Sell

Cardtronics (NASDAQ:CATM) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

A number of other equities research analysts have also weighed in on CATM. ValuEngine lowered Cardtronics from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Zacks Investment Research lowered Cardtronics from a “buy” rating to a “hold” rating in a report on Monday, July 9th. Barrington Research reaffirmed a “hold” rating on shares of Cardtronics in a report on Tuesday, July 31st. Finally, TheStreet raised Cardtronics from a “d+” rating to a “c-” rating in a report on Monday, August 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $27.80.

NASDAQ CATM opened at $31.21 on Tuesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.85 and a current ratio of 0.89. Cardtronics has a 52-week low of $15.80 and a 52-week high of $39.10. The stock has a market cap of $1.53 billion, a P/E ratio of 11.27, a P/E/G ratio of 1.73 and a beta of 1.19.

Cardtronics (NASDAQ:CATM) last announced its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.22. Cardtronics had a positive return on equity of 24.21% and a negative net margin of 11.00%. The company had revenue of $341.00 million for the quarter, compared to analyst estimates of $324.03 million. During the same quarter in the previous year, the company earned $0.76 EPS. The firm’s revenue for the quarter was down 11.5% compared to the same quarter last year. analysts predict that Cardtronics will post 1.6 earnings per share for the current fiscal year.

In other Cardtronics news, Director Mark Rossi acquired 5,000 shares of the stock in a transaction on Monday, August 13th. The shares were bought at an average price of $30.25 per share, with a total value of $151,250.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hudson Executive Capital Lp acquired 25,200 shares of the stock in a transaction on Friday, August 10th. The stock was acquired at an average cost of $29.97 per share, for a total transaction of $755,244.00. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of Cardtronics during the 2nd quarter valued at approximately $496,000. California Public Employees Retirement System lifted its position in shares of Cardtronics by 3.0% during the 2nd quarter. California Public Employees Retirement System now owns 171,239 shares of the business services provider’s stock valued at $4,141,000 after acquiring an additional 5,040 shares during the period. Millennium Management LLC acquired a new stake in shares of Cardtronics during the 2nd quarter valued at approximately $7,152,000. Tower Research Capital LLC TRC lifted its position in shares of Cardtronics by 135.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,540 shares of the business services provider’s stock valued at $231,000 after acquiring an additional 5,481 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of Cardtronics during the 2nd quarter valued at approximately $732,000.

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 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.

Further Reading: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Cardtronics (NASDAQ:CATM)

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