ValuEngine upgraded shares of Cardtronics (NASDAQ:CATM) from a hold rating to a buy rating in a research report released on Friday morning.
A number of other brokerages also recently commented on CATM. BidaskClub upgraded Cardtronics from a hold rating to a buy rating in a research report on Saturday, August 25th. TheStreet upgraded Cardtronics from a d+ rating to a c- rating in a research report on Monday, August 27th. Barrington Research upgraded Cardtronics to a buy rating and set a $40.00 target price for the company in a research report on Friday. Finally, Zacks Investment Research upgraded Cardtronics from a hold rating to a buy rating and set a $38.00 target price for the company in a research report on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Cardtronics has a consensus rating of Hold and a consensus price target of $31.40.
Shares of CATM stock traded up $6.20 during mid-day trading on Friday, reaching $33.96. The stock had a trading volume of 2,369,086 shares, compared to its average volume of 519,600. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.21. Cardtronics has a one year low of $15.80 and a one year high of $39.10. The company has a market capitalization of $1.57 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.76 and a beta of 1.26.
Cardtronics (NASDAQ:CATM) last announced its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.20. Cardtronics had a positive return on equity of 24.21% and a negative net margin of 11.00%. The company had revenue of $340.18 million during the quarter, compared to the consensus estimate of $319.30 million. During the same quarter last year, the company earned $0.96 EPS. The company’s quarterly revenue was down 15.4% on a year-over-year basis. Sell-side analysts predict that Cardtronics will post 1.61 earnings per share for the current fiscal year.
In related news, Director Mark Rossi bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was acquired at an average price of $30.25 per share, for a total transaction of $151,250.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hudson Executive Capital Lp bought 25,200 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average price of $29.97 per share, with a total value of $755,244.00. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd acquired a new stake in Cardtronics during the 3rd quarter valued at $10,695,000. Smith Asset Management Group LP increased its holdings in Cardtronics by 2.6% during the 3rd quarter. Smith Asset Management Group LP now owns 108,604 shares of the business services provider’s stock valued at $3,436,000 after purchasing an additional 2,725 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in Cardtronics during the 3rd quarter valued at $791,000. Acadian Asset Management LLC increased its holdings in Cardtronics by 178.6% during the 3rd quarter. Acadian Asset Management LLC now owns 187,500 shares of the business services provider’s stock valued at $5,932,000 after purchasing an additional 120,195 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in Cardtronics by 56.4% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 6,254 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 2,255 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.
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