Municipal Employees Retirement System of Michigan raised its holdings in Cardtronics PLC (NASDAQ:CATM) by 59.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,120 shares of the business services provider’s stock after buying an additional 6,360 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Cardtronics were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its holdings 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 purchasing an additional 1,631 shares during the last quarter. Flinton Capital Management LLC raised its holdings 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 purchasing an additional 1,680 shares during the last quarter. Petrus Trust Company LTA raised its holdings 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 purchasing an additional 104 shares during the last quarter. Amalgamated Bank raised its holdings 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 purchasing an additional 331 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Cardtronics in the third quarter valued at about $268,000.

A number of analysts recently issued reports on CATM shares. TheStreet downgraded shares of Cardtronics from a “c” rating to a “d” rating in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Cardtronics from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. SunTrust Banks restated a “buy” rating and set a $25.00 price objective on shares of Cardtronics in a report on Friday, November 3rd. Lake Street Capital downgraded shares of Cardtronics from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $31.00 in a report on Tuesday, September 26th. Finally, William Blair downgraded shares of Cardtronics from an “outperform” rating to a “market perform” rating in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $32.00.

Shares of Cardtronics PLC (CATM) opened at $17.65 on Friday. Cardtronics PLC has a 1-year low of $15.80 and a 1-year high of $56.00. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.64. The stock has a market cap of $809.01, a PE ratio of 6.19, a P/E/G ratio of 0.55 and a beta of 0.64.

Cardtronics (NASDAQ:CATM) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. The firm had revenue of $402.00 million during the quarter, compared to the consensus estimate of $383.97 million. Cardtronics had a negative net margin of 9.37% and a positive return on equity of 29.32%. The company’s revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. analysts forecast that Cardtronics PLC will post 2.65 EPS for the current fiscal year.

In other Cardtronics news, CFO Edward H. West bought 12,500 shares of Cardtronics stock in a transaction dated Tuesday, November 7th. The stock was purchased at an average price of $17.29 per share, for a total transaction of $216,125.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Rossi bought 2,500 shares of Cardtronics stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $16.81 per share, with a total value of $42,025.00. The disclosure for this purchase can be found here. Insiders bought 20,000 shares of company stock valued at $343,150 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

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About Cardtronics

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.

Institutional Ownership by Quarter for Cardtronics (NASDAQ:CATM)

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