Cardtronics (CATM) Downgraded by ValuEngine to Hold

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.

Cardtronics (NASDAQ:CATM) last released its earnings results 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. The company had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $383.97 million. Cardtronics had a positive return on equity of 29.32% and a negative net margin of 9.37%. The business’s revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. sell-side analysts anticipate that Cardtronics will post 2.66 earnings per share for the current year.

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.

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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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