BidaskClub upgraded shares of Cardtronics (NASDAQ:CATM) from a sell rating to a hold rating in a report published on Wednesday.

A number of other research analysts have also issued reports on CATM. ValuEngine lowered Cardtronics from a buy rating to a hold rating in a report on Sunday, December 31st. Zacks Investment Research lowered Cardtronics from a hold rating to a sell rating in a report on Tuesday, January 2nd. Lake Street Capital lowered Cardtronics from a buy rating to a hold rating and dropped their target price for the company from $40.00 to $31.00 in a report on Tuesday, September 26th. William Blair lowered Cardtronics from an outperform rating to a market perform rating in a report on Monday, September 25th. Finally, SunTrust Banks reissued a buy rating and issued a $25.00 target price on shares of Cardtronics in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $32.00.

Cardtronics (NASDAQ:CATM) traded down $0.21 on Wednesday, reaching $20.11. The company’s stock had a trading volume of 536,493 shares, compared to its average volume of 482,212. The firm has a market capitalization of $918.64, a price-to-earnings ratio of -6.73, a price-to-earnings-growth ratio of 0.90 and a beta of 0.64. Cardtronics has a 52 week low of $15.80 and a 52 week high of $55.89. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.78 and a current ratio of 0.82.

Cardtronics (NASDAQ:CATM) last released its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The company had revenue of $402.00 million for the quarter, compared to analyst estimates of $383.97 million. Cardtronics had a positive return on equity of 29.32% and a negative net margin of 9.37%. The firm’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. sell-side analysts predict that Cardtronics will post 2.66 earnings per share for the current fiscal year.

In other Cardtronics news, Director Mark Rossi purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $16.81 per share, for a total transaction of $42,025.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Edward H. West purchased 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average price of $17.29 per share, for a total transaction of $216,125.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 20,000 shares of company stock worth $343,150. Corporate insiders own 1.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its stake in shares of Cardtronics by 77.7% in the second quarter. Riverhead Capital Management LLC now owns 3,731 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,631 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of Cardtronics by 69.8% in the second quarter. Flinton Capital Management LLC now owns 4,088 shares of the business services provider’s stock valued at $134,000 after buying an additional 1,680 shares in the last quarter. Petrus Trust Company LTA boosted its stake in shares of Cardtronics by 1.7% in the second quarter. Petrus Trust Company LTA now owns 6,191 shares of the business services provider’s stock valued at $203,000 after buying an additional 104 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Cardtronics by 5.6% in the second quarter. Amalgamated Bank now owns 6,294 shares of the business services provider’s stock valued at $207,000 after buying an additional 331 shares in the last quarter. Finally, Zions Bancorporation purchased a new stake in shares of Cardtronics in the third quarter valued at approximately $157,000.

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Cardtronics Company Profile

Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.

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