Zacks Investment Research Downgrades Cardtronics (CATM) to Sell

Zacks Investment Research lowered shares of Cardtronics (NASDAQ:CATM) from a strong-buy rating to a sell rating in a report issued on Wednesday.

According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “

Several other equities research analysts have also recently commented on the stock. Barrington Research raised shares of Cardtronics to a buy rating and set a $40.00 target price for the company in a research report on Friday, November 2nd. ValuEngine raised shares of Cardtronics from a hold rating to a buy rating in a research report on Friday, November 2nd. BidaskClub cut shares of Cardtronics from a hold rating to a sell rating in a research report on Monday, February 4th. Finally, Barclays began coverage on shares of Cardtronics in a research report on Wednesday, November 14th. They issued an overweight rating and a $41.00 target price for the company. Three research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Cardtronics currently has an average rating of Hold and a consensus target price of $34.25.

Shares of CATM opened at $30.33 on Wednesday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 1.37 and a beta of 1.29. 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 has a twelve month low of $20.78 and a twelve month high of $39.10.

Cardtronics (NASDAQ:CATM) last announced its quarterly earnings results 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 business had revenue of $327.90 million during the quarter, compared to analysts’ expectations of $317.82 million. Cardtronics had a net margin of 0.27% and a return on equity of 21.36%. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 EPS. As a group, equities research analysts forecast that Cardtronics will post 1.68 EPS for the current fiscal year.

In other news, insider Dan Antilley sold 5,000 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in shares of Cardtronics in the 4th quarter worth about $45,000. Macquarie Group Ltd. increased its stake in shares of Cardtronics by 16.7% in the 4th quarter. Macquarie Group Ltd. now owns 2,800 shares of the business services provider’s stock worth $73,000 after acquiring an additional 400 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Cardtronics by 30.3% in the 4th quarter. Bank of Montreal Can now owns 3,597 shares of the business services provider’s stock worth $94,000 after acquiring an additional 836 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Cardtronics by 254.2% in the 4th quarter. LS Investment Advisors LLC now owns 3,921 shares of the business services provider’s stock worth $102,000 after acquiring an additional 2,814 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Cardtronics in the 4th quarter worth about $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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