Cardtronics (CATM) Trading Down 8.3% on Insider Selling

Cardtronics PLC (NASDAQ:CATM) was down 8.3% on Monday after an insider sold shares in the company. The stock traded as low as $29.47 and last traded at $29.74. Approximately 579,714 shares were traded during trading, a decline of 3% from the average daily volume of 597,213 shares. The stock had previously closed at $32.44.

Specifically, Director J Tim Arnoult sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $31.54, for a total value of $94,620.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.60% of the company’s stock.

A number of equities research analysts have weighed in on CATM shares. Zacks Investment Research downgraded Cardtronics from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Barclays started coverage on Cardtronics in a report on Wednesday, November 14th. They issued an “overweight” rating and a $41.00 target price on the stock. BidaskClub raised Cardtronics from a “hold” rating to a “buy” rating in a report on Saturday, August 25th. ValuEngine raised Cardtronics from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. Finally, TheStreet raised Cardtronics from a “d+” rating to a “c-” rating in a report on Monday, August 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.00.

The company has a market cap of $1.50 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Cardtronics (NASDAQ:CATM) last announced its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.20. Cardtronics had a return on equity of 24.77% and a net margin of 1.86%. The company had revenue of $340.18 million during the quarter, compared to analysts’ expectations of $319.30 million. During the same period in the prior year, the company earned $0.96 EPS. Cardtronics’s revenue was down 15.4% compared to the same quarter last year. On average, equities analysts expect that Cardtronics PLC will post 1.81 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hudson Executive Capital LP raised its position in Cardtronics by 1.0% during the 3rd quarter. Hudson Executive Capital LP now owns 8,126,933 shares of the business services provider’s stock worth $257,136,000 after purchasing an additional 80,098 shares during the last quarter. BlackRock Inc. raised its position in Cardtronics by 3.9% during the 2nd quarter. BlackRock Inc. now owns 6,018,114 shares of the business services provider’s stock worth $145,519,000 after purchasing an additional 224,208 shares during the last quarter. Van Berkom & Associates Inc. raised its position in Cardtronics by 2.2% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,798,818 shares of the business services provider’s stock worth $88,555,000 after purchasing an additional 61,096 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Cardtronics by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,871,045 shares of the business services provider’s stock worth $45,243,000 after purchasing an additional 184,143 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Cardtronics by 8.6% during the 3rd quarter. Clearbridge Investments LLC now owns 1,712,011 shares of the business services provider’s stock worth $54,168,000 after purchasing an additional 135,655 shares during the last quarter.

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Cardtronics Company Profile (NASDAQ:CATM)

Cardtronics plc provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The company offers cash dispensing and bank balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, and operators of facilities, such as shopping malls, airports, and train stations.

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