Cardtronics PLC (CATM) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Cardtronics PLC (NASDAQ:CATM) from a strong sell rating to a hold rating in a research report released on Tuesday, November 7th.

According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “

CATM has been the subject of a number of other research reports. William Blair downgraded shares of Cardtronics from an outperform rating to a market perform rating in a research note on Monday, September 25th. Lake Street Capital downgraded shares of Cardtronics from a buy rating to a hold rating and decreased their price target for the stock from $40.00 to $31.00 in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reiterated a buy rating and issued a $25.00 price target on shares of Cardtronics in a research note on Friday, November 3rd. Finally, TheStreet downgraded shares of Cardtronics from a c rating to a d rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Cardtronics has an average rating of Hold and a consensus price target of $37.00.

Cardtronics (CATM) traded up $0.15 during midday trading on Tuesday, hitting $17.95. 180,673 shares of the stock traded hands, compared to its average volume of 774,733. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.64. Cardtronics has a twelve month low of $15.80 and a twelve month high of $56.00. The stock has a market capitalization of $819.98, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 0.56 and a beta of 0.75.

Cardtronics (NASDAQ:CATM) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.96 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $383.97 million. During the same quarter last year, the firm posted $0.98 earnings per share. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. analysts forecast that Cardtronics will post 2.65 EPS for the current fiscal year.

In related news, Director Mark Rossi acquired 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, for a total transaction of $42,025.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dennis Lynch acquired 5,000 shares of Cardtronics 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 disclosure for this purchase can be found here. Insiders purchased 20,000 shares of company stock valued at $343,150 in the last quarter. 1.20% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Riverhead Capital Management LLC lifted its position in shares of Cardtronics by 77.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,731 shares of the business services provider’s stock worth $123,000 after buying an additional 1,631 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of Cardtronics by 69.8% during the 2nd quarter. Flinton Capital Management LLC now owns 4,088 shares of the business services provider’s stock worth $134,000 after buying an additional 1,680 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Cardtronics during the 1st quarter worth approximately $249,000. Petrus Trust Company LTA lifted its position in shares of Cardtronics by 1.7% during the 2nd quarter. Petrus Trust Company LTA now owns 6,191 shares of the business services provider’s stock worth $203,000 after buying an additional 104 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Cardtronics during the 2nd quarter worth approximately $205,000.

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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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