ValuEngine downgraded shares of Cardtronics (NASDAQ:CATM) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.
Several other equities analysts have also recently commented on CATM. William Blair cut Cardtronics from an outperform rating to a market perform rating in a research note on Monday, September 25th. Lake Street Capital cut Cardtronics from a buy rating to a hold rating and reduced their target price for the company from $40.00 to $31.00 in a research note on Tuesday, September 26th. Zacks Investment Research cut Cardtronics from a hold rating to a sell rating in a research note on Tuesday, October 3rd. SunTrust Banks reiterated a buy rating and set a $25.00 target price on shares of Cardtronics in a research note on Friday, November 3rd. Finally, TheStreet cut Cardtronics from a c rating to a d rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $32.00.
Cardtronics (NASDAQ CATM) opened at $18.52 on Friday. The company has a market capitalization of $846.02, a P/E ratio of -6.19, a PEG ratio of 0.58 and a beta of 0.64. 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 has a one year low of $15.80 and a one year high of $56.00.
In other news, CFO Edward H. West acquired 12,500 shares of Cardtronics stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average cost of $17.29 per share, for a total transaction of $216,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis Lynch acquired 5,000 shares of Cardtronics stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $85,000.00. The disclosure for this purchase can be found here. Insiders have purchased 20,000 shares of company stock worth $343,150 over the last 90 days. 1.20% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CATM. Quantbot Technologies LP increased its position in Cardtronics by 52.4% in the third quarter. Quantbot Technologies LP now owns 27,727 shares of the business services provider’s stock worth $637,000 after buying an additional 9,530 shares during the period. Comerica Bank increased its position in Cardtronics by 9.3% in the second quarter. Comerica Bank now owns 59,014 shares of the business services provider’s stock worth $1,801,000 after buying an additional 5,029 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Cardtronics in the second quarter worth $324,000. Arrowstreet Capital Limited Partnership increased its position in Cardtronics by 25.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 95,730 shares of the business services provider’s stock worth $3,146,000 after buying an additional 19,392 shares during the period. Finally, BlackRock Inc. increased its position in Cardtronics by 0.4% in the second quarter. BlackRock Inc. now owns 5,432,333 shares of the business services provider’s stock worth $178,509,000 after buying an additional 18,992 shares during the period.
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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