Airain ltd grew its position in Cardtronics PLC (NASDAQ:CATM) by 29.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,873 shares of the business services provider’s stock after purchasing an additional 2,463 shares during the period. Airain ltd’s holdings in Cardtronics PLC were worth $357,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in CATM. BlackRock Inc. increased its holdings in shares of Cardtronics PLC by 134,627.3% in the first quarter. BlackRock Inc. now owns 5,413,341 shares of the business services provider’s stock valued at $253,074,000 after purchasing an additional 5,409,323 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Cardtronics PLC by 78.0% in the first quarter. Clearbridge Investments LLC now owns 1,437,553 shares of the business services provider’s stock worth $67,206,000 after buying an additional 629,729 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Cardtronics PLC by 13.0% in the first quarter. Vanguard Group Inc. now owns 5,359,006 shares of the business services provider’s stock worth $250,534,000 after buying an additional 616,530 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Cardtronics PLC by 54.1% in the first quarter. Renaissance Technologies LLC now owns 753,000 shares of the business services provider’s stock worth $35,203,000 after buying an additional 264,500 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Cardtronics PLC by 30.2% in the first quarter. Bank of New York Mellon Corp now owns 803,605 shares of the business services provider’s stock worth $37,569,000 after buying an additional 186,600 shares during the last quarter.
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In other news, EVP Phillip Pilsuh Chin sold 825 shares of the company’s stock in a transaction on Monday, June 19th. The stock was 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 directly owns 2,469 shares in the company, valued at approximately $84,020.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.20% of the company’s stock.
Shares of Cardtronics PLC (CATM) opened at 27.75 on Friday. The firm’s 50-day moving average price is $27.18 and its 200 day moving average price is $35.66. The firm has a market cap of $1.27 billion, a PE ratio of 19.15 and a beta of 0.81. Cardtronics PLC has a 1-year low of $24.91 and a 1-year high of $56.00.
Cardtronics PLC (NASDAQ:CATM) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $385.11 million for the quarter, compared to analyst estimates of $379.03 million. Cardtronics PLC had a return on equity of 28.23% and a net margin of 4.83%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 EPS. On average, equities research analysts forecast that Cardtronics PLC will post $2.84 EPS for the current fiscal year.
A number of brokerages have recently commented on CATM. BidaskClub downgraded Cardtronics PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. ValuEngine downgraded Cardtronics PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Cardtronics PLC from a “strong sell” rating to a “hold” rating in a research report on Monday, August 7th. Lake Street Capital initiated coverage on Cardtronics PLC in a research report on Monday, June 19th. They set a “buy” rating and a $46.00 price target on the stock. Finally, Bank of America Corporation decreased their target price on Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $45.40.
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.
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