Bank of America reiterated their underperform rating on shares of Cardtronics (NASDAQ:CATM) in a report released on Thursday morning, MarketBeat Ratings reports.

Several other equities research analysts have also recently commented on the company. TheStreet cut Cardtronics from a c rating to a d rating in a research note on Friday, November 3rd. BidaskClub raised Cardtronics from a strong sell rating to a sell rating in a research note on Saturday, December 16th. Zacks Investment Research raised Cardtronics from a strong sell rating to a hold rating in a research note on Tuesday, November 7th. SunTrust Banks reissued a buy rating and issued a $25.00 target price on shares of Cardtronics in a research note on Friday, November 3rd. Finally, William Blair cut Cardtronics from an outperform rating to a market perform rating in a research note on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $32.00.

Shares of Cardtronics (NASDAQ:CATM) opened at $21.72 on Thursday. The company has a market capitalization of $992.20, a price-to-earnings ratio of -7.26, a PEG ratio of 0.97 and a beta of 0.64. Cardtronics has a 52 week low of $15.80 and a 52 week high of $55.71. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.82 and a quick ratio of 0.78.

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

In related news, Director Dennis Lynch acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average cost of $17.00 per share, with a total value of $85,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Rossi acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $16.81 per share, with a total value of $42,025.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 20,000 shares of company stock valued at $343,150. 1.20% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC grew its stake in shares of Cardtronics by 77.7% during the second quarter. Riverhead Capital Management LLC now owns 3,731 shares of the business services provider’s stock worth $123,000 after purchasing an additional 1,631 shares during the period. Flinton Capital Management LLC grew its stake in shares of Cardtronics by 69.8% during the second quarter. Flinton Capital Management LLC now owns 4,088 shares of the business services provider’s stock worth $134,000 after purchasing an additional 1,680 shares during the period. Petrus Trust Company LTA grew its stake in shares of Cardtronics by 1.7% during the second quarter. Petrus Trust Company LTA now owns 6,191 shares of the business services provider’s stock worth $203,000 after purchasing an additional 104 shares during the period. Amalgamated Bank grew its stake in shares of Cardtronics by 5.6% during the second quarter. Amalgamated Bank now owns 6,294 shares of the business services provider’s stock worth $207,000 after purchasing an additional 331 shares during the period. Finally, Zions Bancorporation acquired a new stake in shares of Cardtronics during the third quarter worth $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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