Cardtronics (CATM) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Cardtronics (NASDAQ:CATM) from a hold rating to a sell rating in a research note published on Monday, February 4th.

A number of other research firms have also commented on CATM. ValuEngine raised shares of Cardtronics from a hold rating to a buy rating in a research report on Friday, November 2nd. Barrington Research upgraded shares of Cardtronics to a buy rating and set a $40.00 price objective on the stock in a research note on Friday, November 2nd. Barclays initiated coverage on shares of Cardtronics in a research note on Wednesday, November 14th. They set an overweight rating and a $41.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Cardtronics from a hold rating to a buy rating and set a $38.00 price objective on the stock in a research note on Wednesday, October 10th. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $34.25.

Shares of CATM traded up $0.82 during trading hours on Monday, hitting $30.33. The company had a trading volume of 415,038 shares, compared to its average volume of 355,220. The firm has a market capitalization of $1.44 billion, a PE ratio of 16.13, a PEG ratio of 1.37 and a beta of 1.29. Cardtronics has a 12 month low of $20.78 and a 12 month high of $39.10. 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 (NASDAQ:CATM) last issued its quarterly earnings data on Thursday, February 21st. The business services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.10. The company had revenue of $327.90 million for the quarter, compared to analyst estimates of $317.82 million. Cardtronics had a net margin of 0.27% and a return on equity of 21.36%. The company’s revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. Analysts predict that Cardtronics will post 1.68 earnings per share for the current fiscal year.

In other news, insider Dan Antilley sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $31.31, for a total value of $156,550.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CATM. Quantamental Technologies LLC acquired a new stake in shares of Cardtronics in the 4th quarter valued at approximately $45,000. Macquarie Group Ltd. raised its holdings in Cardtronics by 16.7% in the 4th quarter. Macquarie Group Ltd. now owns 2,800 shares of the business services provider’s stock valued at $73,000 after buying an additional 400 shares during the last quarter. Bank of Montreal Can raised its holdings in Cardtronics by 30.3% in the 4th quarter. Bank of Montreal Can now owns 3,597 shares of the business services provider’s stock valued at $94,000 after buying an additional 836 shares during the last quarter. LS Investment Advisors LLC raised its holdings in Cardtronics by 254.2% in the 4th quarter. LS Investment Advisors LLC now owns 3,921 shares of the business services provider’s stock valued at $102,000 after buying an additional 2,814 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Cardtronics in the 4th quarter valued at approximately $120,000.

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.

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