Shares of Cardtronics PLC (NASDAQ:CATM) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $26.00 and last traded at $25.99, with a volume of 251,843 shares changing hands. The stock had previously closed at $26.62.
A number of research firms recently issued reports on CATM. Zacks Investment Research raised Cardtronics PLC from a “strong sell” rating to a “hold” rating in a research report on Monday, August 7th. Lake Street Capital started coverage on Cardtronics PLC in a research report on Monday, June 19th. They set a “buy” rating and a $46.00 price target on the stock. ValuEngine downgraded Cardtronics PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet downgraded Cardtronics PLC from a “b” rating to a “c+” rating in a research report on Monday, May 8th. Finally, Bank of America Corporation lowered their price target on Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Cardtronics PLC currently has an average rating of “Hold” and an average price target of $46.17.
The firm has a 50-day moving average price of $31.12 and a 200 day moving average price of $39.50. The firm has a market cap of $1.19 billion, a PE ratio of 17.94 and a beta of 0.75.
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, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Cardtronics PLC had a net margin of 4.83% and a return on equity of 28.23%. The company had revenue of $385.11 million during the quarter, compared to analyst estimates of $379.03 million. During the same quarter last year, the business posted $0.80 EPS. Cardtronics PLC’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, analysts forecast that Cardtronics PLC will post $2.84 EPS for the current year.
In related news, insider Jonathan Simpson-Dent sold 18,721 shares of Cardtronics PLC stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $34.24, for a total value of $641,007.04. Following the completion of the transaction, the insider now directly owns 16,792 shares in the company, valued at approximately $574,958.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gerardo Garcia sold 3,000 shares of Cardtronics PLC stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the insider now owns 3,743 shares of the company’s stock, valued at $126,550.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,546 shares of company stock valued at $770,512. 1.20% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in Cardtronics PLC by 30.2% in the first quarter. Bank of New York Mellon Corp now owns 803,605 shares of the business services provider’s stock worth $37,569,000 after buying an additional 186,600 shares in the last quarter. Flinton Capital Management LLC raised its position in Cardtronics PLC by 6.2% in the first quarter. Flinton Capital Management LLC now owns 2,408 shares of the business services provider’s stock worth $113,000 after buying an additional 140 shares in the last quarter. American Century Companies Inc. acquired a new position in Cardtronics PLC during the first quarter worth $2,944,000. Bowling Portfolio Management LLC acquired a new position in Cardtronics PLC during the first quarter worth $627,000. Finally, Adams Diversified Equity Fund Inc. raised its position in Cardtronics PLC by 3.0% in the first quarter. Adams Diversified Equity Fund Inc. now owns 20,800 shares of the business services provider’s stock worth $972,000 after buying an additional 600 shares in the last quarter.
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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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