Cardtronics PLC (CATM) Trading Down 5.1%

Shares of Cardtronics PLC (NASDAQ:CATM) dropped 5.1% on Friday . The company traded as low as $17.00 and last traded at $17.26. Approximately 782,160 shares were traded during trading, an increase of 45% from the average daily volume of 539,959 shares. The stock had previously closed at $18.19.

CATM has been the subject of several research analyst reports. SunTrust Banks, Inc. restated a “buy” rating and issued a $25.00 price objective on shares of Cardtronics PLC in a report on Friday, November 3rd. TheStreet lowered shares of Cardtronics PLC from a “c” rating to a “d” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Cardtronics PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. Lake Street Capital lowered shares of Cardtronics PLC from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $31.00 in a report on Tuesday, September 26th. Finally, William Blair lowered shares of Cardtronics PLC from an “outperform” rating to a “market perform” rating in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.00.

The company has a market capitalization of $788.45, a P/E ratio of 6.08, a price-to-earnings-growth ratio of 0.54 and a beta of 0.75. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.78 and a current ratio of 0.82.

Cardtronics PLC (NASDAQ:CATM) last announced its earnings results on Thursday, November 2nd. The business services provider reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.10. Cardtronics PLC 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 the consensus estimate of $383.97 million. During the same quarter last year, the firm earned $0.98 earnings per share. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. equities research analysts predict that Cardtronics PLC will post 2.65 EPS for the current year.

In other news, CFO Edward H. West purchased 12,500 shares of Cardtronics PLC stock in a transaction that occurred on Tuesday, November 7th. The stock was bought at an average price of $17.29 per share, with a total value of $216,125.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis Lynch purchased 5,000 shares of Cardtronics PLC stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average cost of $17.00 per share, with a total value of $85,000.00. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC increased its position in shares of Cardtronics PLC by 77.7% during the second quarter. Riverhead Capital Management LLC now owns 3,731 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 1,631 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of Cardtronics PLC by 69.8% during the second quarter. Flinton Capital Management LLC now owns 4,088 shares of the business services provider’s stock valued at $134,000 after acquiring an additional 1,680 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Cardtronics PLC during the third quarter valued at approximately $180,000. Petrus Trust Company LTA increased its position in shares of Cardtronics PLC by 1.7% during the second quarter. Petrus Trust Company LTA now owns 6,191 shares of the business services provider’s stock valued at $203,000 after acquiring an additional 104 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Cardtronics PLC in the 2nd quarter worth approximately $205,000.

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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.

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