Investors Buy High Volume of Cardtronics Put Options (CATM)
Cardtronics PLC (NASDAQ:CATM) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 1,120 put options on the company. This represents an increase of 2,096% compared to the average daily volume of 51 put options.
A number of research firms have recently commented on CATM. ValuEngine lowered shares of Cardtronics from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. BidaskClub raised shares of Cardtronics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. William Blair lowered shares of Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Monday, September 25th. Zacks Investment Research lowered shares of Cardtronics from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, SunTrust Banks reissued a “buy” rating and issued a $25.00 price target on shares of Cardtronics in a research 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 given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $32.00.
In other news, Director Dennis Lynch purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were bought at an average price of $17.00 per share, with a total value of $85,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Rossi purchased 2,500 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $16.81 per share, for a total transaction of $42,025.00. The disclosure for this purchase can be found here. Insiders acquired 20,000 shares of company stock valued at $343,150 over the last quarter. Corporate insiders own 1.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC increased its position in 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 acquiring an additional 1,631 shares during the period. Flinton Capital Management LLC increased its position in 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 acquiring an additional 1,680 shares during the period. Zions Bancorporation bought a new position in Cardtronics during the third quarter worth $157,000. SG Americas Securities LLC bought a new position in Cardtronics during the third quarter worth $180,000. Finally, Petrus Trust Company LTA increased its position in 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 acquiring an additional 104 shares during the period.
Cardtronics (CATM) opened at $21.67 on Friday. Cardtronics has a 52-week low of $15.80 and a 52-week high of $55.71. The stock has a market cap of $986.18, a price-to-earnings ratio of -7.25, a P/E/G ratio of 0.90 and a beta of 0.64. 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 announced its earnings results on Thursday, November 2nd. The business services provider reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.10. Cardtronics had a negative net margin of 9.37% and a positive return on equity of 29.32%. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $383.97 million. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Cardtronics’s revenue was up 22.4% compared to the same quarter last year. analysts expect that Cardtronics will post 2.66 EPS for the current fiscal year.
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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