Syquant Capital Sas Makes New Investment in Cardtronics plc (NASDAQ:CATM)


Share on StockTwits

Syquant Capital Sas purchased a new position in Cardtronics plc (NASDAQ:CATM) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 346,722 shares of the business services provider’s stock, valued at approximately $13,453,000. Cardtronics accounts for approximately 3.5% of Syquant Capital Sas’ investment portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its position in Cardtronics by 7.1% during the fourth quarter. BlackRock Inc. now owns 5,517,352 shares of the business services provider’s stock valued at $194,761,000 after purchasing an additional 363,561 shares in the last quarter. Clearbridge Investments LLC raised its position in Cardtronics by 1.5% during the fourth quarter. Clearbridge Investments LLC now owns 2,012,760 shares of the business services provider’s stock valued at $71,050,000 after acquiring an additional 29,175 shares in the last quarter. Morgan Stanley raised its position in Cardtronics by 77.3% during the fourth quarter. Morgan Stanley now owns 1,002,354 shares of the business services provider’s stock valued at $35,384,000 after acquiring an additional 437,029 shares in the last quarter. Rice Hall James & Associates LLC grew its holdings in Cardtronics by 56.4% in the fourth quarter. Rice Hall James & Associates LLC now owns 857,332 shares of the business services provider’s stock valued at $30,264,000 after purchasing an additional 309,211 shares during the period. Finally, Barclays PLC grew its holdings in Cardtronics by 1,100.5% in the fourth quarter. Barclays PLC now owns 462,392 shares of the business services provider’s stock valued at $16,322,000 after purchasing an additional 423,874 shares during the period.

Several analysts have commented on CATM shares. Barclays began coverage on Cardtronics in a report on Friday, March 12th. They issued an “equal weight” rating on the stock. Truist lowered Cardtronics from a “buy” rating to a “hold” rating in a research note on Monday, January 25th. Finally, Wells Fargo & Company lowered Cardtronics from an “overweight” rating to an “equal weight” rating and set a $39.00 price objective on the stock. in a research note on Tuesday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $36.00.

In other news, CAO Paul A. Gullo sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 9th. The stock was sold at an average price of $38.58, for a total transaction of $115,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,744 shares of the company’s stock, valued at approximately $414,503.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Aimie Marie Killeen sold 1,920 shares of the company’s stock in a transaction dated Wednesday, March 3rd. The stock was sold at an average price of $38.56, for a total value of $74,035.20. Following the transaction, the executive vice president now directly owns 25,990 shares of the company’s stock, valued at $1,002,174.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,395 shares of company stock worth $1,519,465. 19.80% of the stock is owned by company insiders.

Shares of CATM stock remained flat at $$38.83 on Thursday. The company had a trading volume of 3,335 shares, compared to its average volume of 724,881. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 77.66 and a beta of 1.89. Cardtronics plc has a 52-week low of $16.67 and a 52-week high of $42.09. The firm has a 50-day moving average of $38.75 and a 200 day moving average of $32.77.

Cardtronics (NASDAQ:CATM) last issued its quarterly earnings results on Monday, February 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.10. Cardtronics had a return on equity of 18.43% and a net margin of 1.92%. The company had revenue of $274.80 million for the quarter, compared to the consensus estimate of $275.54 million. During the same quarter in the prior year, the business earned $0.70 EPS. Cardtronics’s revenue was down 18.9% on a year-over-year basis. Equities analysts forecast that Cardtronics plc will post 1.22 earnings per share for the current fiscal year.

Cardtronics Company Profile

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, balance inquiries, and balance transfers; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, financial institutions, and operators of facilities, such as shopping malls, airports, train stations, and casinos.

Further Reading: Net Margin

Want to see what other hedge funds are holding CATM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cardtronics plc (NASDAQ:CATM).

Institutional Ownership by Quarter for Cardtronics (NASDAQ:CATM)

Receive News & Ratings for Cardtronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardtronics and related companies with MarketBeat.com's FREE daily email newsletter.