Nationwide Fund Advisors lessened its holdings in shares of Cardtronics PLC (NASDAQ:CATM) by 22.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,589 shares of the business services provider’s stock after selling 12,388 shares during the period. Nationwide Fund Advisors owned 0.09% of Cardtronics worth $980,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Fox Run Management L.L.C. boosted its holdings in shares of Cardtronics by 280.6% during the 3rd quarter. Fox Run Management L.L.C. now owns 25,500 shares of the business services provider’s stock valued at $587,000 after buying an additional 18,800 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Cardtronics by 1.1% during the 2nd 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 buying an additional 1,944 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Cardtronics during the 2nd quarter valued at $324,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Cardtronics by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,154 shares of the business services provider’s stock valued at $1,156,000 after buying an additional 637 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cardtronics by 25.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 95,730 shares of the business services provider’s stock valued at $3,146,000 after buying an additional 19,392 shares in the last quarter.
In other Cardtronics news, Director Mark Rossi bought 2,500 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $16.81 per share, with a total value of $42,025.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis Lynch bought 5,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was acquired 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. In the last ninety days, insiders bought 20,000 shares of company stock valued at $343,150. 1.20% of the stock is owned by insiders.
Cardtronics (NASDAQ:CATM) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.10. The firm had revenue of $402.00 million during the quarter, compared to analyst estimates of $383.97 million. Cardtronics had a positive return on equity of 29.32% and a negative net margin of 9.37%. Cardtronics’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. research analysts expect that Cardtronics PLC will post 2.66 earnings per share for the current year.
A number of analysts have recently commented on CATM shares. TheStreet cut shares of Cardtronics from a “c” rating to a “d” rating in a report on Friday, November 3rd. Zacks Investment Research cut shares of Cardtronics from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. SunTrust Banks restated a “buy” rating and set a $25.00 target price on shares of Cardtronics in a report on Friday, November 3rd. BidaskClub upgraded shares of Cardtronics from a “strong sell” rating to a “sell” rating in a report on Saturday, December 16th. Finally, Lake Street Capital cut shares of Cardtronics from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $31.00 in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Cardtronics presently has a consensus rating of “Hold” and an average price target of $32.00.
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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