Oppenheimer Asset Management Inc. Buys New Position in Cardtronics PLC (CATM)

Oppenheimer Asset Management Inc. acquired a new position in Cardtronics PLC (NASDAQ:CATM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,328 shares of the business services provider’s stock, valued at approximately $249,000.

Several other large investors also recently modified their holdings of CATM. Snyder Capital Management L P raised its stake in shares of Cardtronics PLC by 15.6% in the first quarter. Snyder Capital Management L P now owns 1,183,006 shares of the business services provider’s stock worth $55,306,000 after buying an additional 159,694 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Cardtronics PLC by 34.2% in the first quarter. TIAA CREF Investment Management LLC now owns 176,115 shares of the business services provider’s stock worth $8,233,000 after buying an additional 44,879 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Cardtronics PLC by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,030 shares of the business services provider’s stock worth $235,000 after buying an additional 130 shares during the last quarter. Comerica Bank raised its stake in shares of Cardtronics PLC by 9.8% in the first quarter. Comerica Bank now owns 53,985 shares of the business services provider’s stock worth $2,344,000 after buying an additional 4,825 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its stake in shares of Cardtronics PLC by 19.8% in the first quarter. State of Tennessee Treasury Department now owns 42,568 shares of the business services provider’s stock worth $1,990,000 after buying an additional 7,031 shares during the last quarter.

Shares of Cardtronics PLC (CATM) traded down 2.47% during midday trading on Friday, reaching $26.86. 928,451 shares of the company’s stock traded hands. Cardtronics PLC has a 52-week low of $26.47 and a 52-week high of $56.00. The company has a 50 day moving average of $32.44 and a 200 day moving average of $40.77. The firm has a market cap of $1.23 billion, a PE ratio of 18.59 and a beta of 0.75.

Cardtronics PLC (NASDAQ:CATM) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Cardtronics PLC had a net margin of 4.83% and a return on equity of 28.23%. The firm had revenue of $385.11 million for the quarter, compared to the consensus estimate of $379.03 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The business’s revenue was up 18.9% on a year-over-year basis. On average, equities analysts predict that Cardtronics PLC will post $2.83 EPS for the current fiscal year.

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CATM has been the topic of a number of research analyst reports. Bank of America Corporation dropped their price objective on shares of Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, July 7th. ValuEngine lowered shares of Cardtronics PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet lowered shares of Cardtronics PLC from a “b” rating to a “c+” rating in a report on Monday, May 8th. BidaskClub lowered shares of Cardtronics PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research lowered shares of Cardtronics PLC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.17.

In other Cardtronics PLC news, insider Gerardo Garcia sold 3,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the insider now owns 3,743 shares in the company, valued at $126,550.83. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Phillip Pilsuh Chin sold 825 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $34.03, for a total transaction of $28,074.75. Following the completion of the sale, the executive vice president now owns 2,469 shares of the company’s stock, valued at approximately $84,020.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,546 shares of company stock worth $770,512. Corporate insiders own 1.20% of the company’s stock.

About Cardtronics PLC

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 PLC (NASDAQ:CATM)

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