Cardtronics Inc. (CATM) Cut to “Market Perform” at Wells Fargo & Co.
Cardtronics Inc. (NASDAQ:CATM) was downgraded by equities research analysts at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday.
A number of other equities research analysts have also issued reports on CATM. Barrington Research lowered shares of Cardtronics from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Jefferies Group lifted their price objective on shares of Cardtronics from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 1st. JPMorgan Chase & Co. lowered shares of Cardtronics from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $45.00 to $50.00 in a research note on Friday, August 19th. Feltl & Co. assumed coverage on shares of Cardtronics in a research note on Thursday, September 22nd. They issued a “buy” rating and a $48.00 price objective for the company. Finally, Zacks Investment Research raised shares of Cardtronics from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a research note on Thursday, October 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $47.00.
Cardtronics (NASDAQ:CATM) opened at 52.66 on Wednesday. The company has a market cap of $2.39 billion, a PE ratio of 30.92 and a beta of 0.69. Cardtronics has a 12 month low of $28.01 and a 12 month high of $52.79. The stock’s 50 day moving average is $48.60 and its 200 day moving average is $43.68.
Cardtronics (NASDAQ:CATM) last issued its earnings results on Thursday, October 27th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company earned $328.30 million during the quarter, compared to analyst estimates of $115.95 million. Cardtronics had a net margin of 6.19% and a return on equity of 34.51%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. Equities analysts predict that Cardtronics will post $3.25 earnings per share for the current year.
In related news, insider David Walker Dove sold 5,000 shares of Cardtronics stock in a transaction on Monday, November 7th. The shares were sold at an average price of $47.90, for a total value of $239,500.00. Following the transaction, the insider now owns 53,416 shares in the company, valued at approximately $2,558,626.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Cardtronics by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,532 shares of the company’s stock valued at $101,000 after buying an additional 1,104 shares during the period. Advisor Group Inc. increased its position in shares of Cardtronics by 1.7% in the third quarter. Advisor Group Inc. now owns 2,531 shares of the company’s stock valued at $112,000 after buying an additional 42 shares during the period. BlackRock Inc. increased its position in shares of Cardtronics by 138.9% in the first quarter. BlackRock Inc. now owns 3,435 shares of the company’s stock valued at $123,000 after buying an additional 1,997 shares during the period. Acrospire Investment Management LLC increased its position in shares of Cardtronics by 23.5% in the second quarter. Acrospire Investment Management LLC now owns 3,151 shares of the company’s stock valued at $125,000 after buying an additional 600 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Cardtronics by 5,562.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,870 shares of the company’s stock valued at $194,000 after buying an additional 4,784 shares during the period.
Cardtronics Company Profile
Cardtronics PLC, formerly Cardtronics, Inc, is a provider of automated consumer financial services. The Company provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Company’s operations consisted of its North America and Europe segments.
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