JPMorgan Chase & Co. boosted its position in shares of Cardtronics PLC (NASDAQ:CATM) by 659.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 500,418 shares of the business services provider’s stock after acquiring an additional 434,511 shares during the quarter. JPMorgan Chase & Co. owned 1.09% of Cardtronics worth $15,833,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CATM. OppenheimerFunds Inc. increased its position in Cardtronics by 6.7% in the second quarter. OppenheimerFunds Inc. now owns 35,915 shares of the business services provider’s stock worth $868,000 after buying an additional 2,250 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in Cardtronics by 56.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 6,254 shares of the business services provider’s stock worth $198,000 after buying an additional 2,255 shares in the last quarter. Smith Asset Management Group LP increased its position in Cardtronics by 2.6% in the third quarter. Smith Asset Management Group LP now owns 108,604 shares of the business services provider’s stock worth $3,436,000 after buying an additional 2,725 shares in the last quarter. Legal & General Group Plc increased its position in Cardtronics by 3.8% in the second quarter. Legal & General Group Plc now owns 99,375 shares of the business services provider’s stock worth $2,427,000 after buying an additional 3,658 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Cardtronics by 3.0% in the second quarter. California Public Employees Retirement System now owns 171,239 shares of the business services provider’s stock worth $4,141,000 after buying an additional 5,040 shares in the last quarter.

NASDAQ:CATM opened at $30.05 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.83. Cardtronics PLC has a 12-month low of $17.07 and a 12-month high of $39.10. The stock has a market cap of $1.35 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.

Cardtronics (NASDAQ:CATM) last released its earnings results on Thursday, November 1st. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.20. Cardtronics had a return on equity of 24.77% and a net margin of 1.86%. The firm had revenue of $340.18 million during the quarter, compared to analysts’ expectations of $319.30 million. During the same quarter last year, the business posted $0.96 earnings per share. The firm’s revenue was down 15.4% on a year-over-year basis. As a group, research analysts anticipate that Cardtronics PLC will post 1.81 EPS for the current year.

In related news, Director J Tim Arnoult sold 3,000 shares of the stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $31.54, for a total transaction of $94,620.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

A number of analysts have commented on CATM shares. ValuEngine cut Cardtronics from a “buy” rating to a “hold” rating in a research report on Friday, October 19th. BidaskClub cut Cardtronics from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. 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 price target for the company in a research report on Friday, November 2nd. Finally, Zacks Investment Research cut Cardtronics from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $33.00.

TRADEMARK VIOLATION NOTICE: “JPMorgan Chase & Co. Boosts Position in Cardtronics PLC (CATM)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://www.thecerbatgem.com/2018/12/07/jpmorgan-chase-co-boosts-position-in-cardtronics-plc-catm.html.

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: Why is the conference call important?

Institutional Ownership by Quarter for Cardtronics (NASDAQ:CATM)

Receive News & Ratings for Cardtronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardtronics and related companies with MarketBeat.com's FREE daily email newsletter.