Cardtronics PLC (CATM) Downgraded to “Market Perform” at William Blair

Cardtronics PLC (NASDAQ:CATM) was downgraded by stock analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued on Monday.

CATM has been the subject of a number of other research reports. Bank of America Corporation dropped their target price on Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, July 7th. ValuEngine downgraded Cardtronics PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded Cardtronics PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Zacks Investment Research upgraded Cardtronics PLC from a “strong sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Lake Street Capital initiated coverage on Cardtronics PLC in a research report on Monday, June 19th. They issued a “buy” rating and a $46.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $44.75.

Cardtronics PLC (CATM) traded down 10.745% on Monday, hitting $26.125. The stock had a trading volume of 2,371,048 shares. The company has a 50-day moving average price of $26.91 and a 200-day moving average price of $35.18. Cardtronics PLC has a 1-year low of $24.91 and a 1-year high of $56.00. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 18.030 and a beta of 0.81.

Cardtronics PLC (NASDAQ:CATM) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.04. The firm had revenue of $385.11 million during the quarter, compared to the consensus estimate of $379.03 million. Cardtronics PLC had a return on equity of 28.23% and a net margin of 4.83%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the company posted $0.80 EPS. Equities analysts predict that Cardtronics PLC will post $2.84 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its position in Cardtronics PLC by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 174,777 shares of the business services provider’s stock valued at $5,743,000 after purchasing an additional 1,944 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Cardtronics PLC in the second quarter valued at approximately $324,000. The Manufacturers Life Insurance Company lifted its position in Cardtronics PLC by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 35,154 shares of the business services provider’s stock valued at $1,156,000 after purchasing an additional 637 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Cardtronics PLC by 25.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 95,730 shares of the business services provider’s stock valued at $3,146,000 after purchasing an additional 19,392 shares during the last quarter. Finally, State Street Corp lifted its position in Cardtronics PLC by 9.1% in the second quarter. State Street Corp now owns 1,254,003 shares of the business services provider’s stock valued at $41,206,000 after purchasing an additional 104,252 shares during the last quarter.

Cardtronics PLC 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.

Analyst Recommendations for Cardtronics PLC (NASDAQ:CATM)

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