NJ State Employees Deferred Compensation Plan held its stake in shares of Cardtronics PLC (NASDAQ:CATM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the business services provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Cardtronics PLC were worth $657,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Flinton Capital Management LLC increased its stake in shares of 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 during the period. Neuburgh Advisers LLC increased its stake in shares of Cardtronics PLC by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 2,924 shares of the business services provider’s stock worth $137,000 after buying an additional 170 shares during the period. LS Investment Advisors LLC increased its stake in shares of Cardtronics PLC by 79.9% in the first quarter. LS Investment Advisors LLC now owns 3,064 shares of the business services provider’s stock worth $143,000 after buying an additional 1,361 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Cardtronics PLC by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,030 shares of the business services provider’s stock worth $235,000 after buying an additional 130 shares during the period. Finally, 1st Global Advisors Inc. increased its stake in shares of Cardtronics PLC by 0.8% in the first quarter. 1st Global Advisors Inc. now owns 5,109 shares of the business services provider’s stock worth $239,000 after buying an additional 40 shares during the period.
Cardtronics PLC (NASDAQ:CATM) last announced its earnings results on Wednesday, August 2nd. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.04. The company had revenue of $385.11 million during the quarter, compared to analysts’ expectations of $379.03 million. Cardtronics PLC had a net margin of 4.83% and a return on equity of 28.23%. Cardtronics PLC’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 earnings per share.
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A number of analysts have weighed in on the stock. Lake Street Capital assumed coverage on shares of Cardtronics PLC in a report on Monday, June 19th. They issued a “buy” rating and a $46.00 price target for the company. ValuEngine downgraded shares of Cardtronics PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Bank of America Corporation dropped their price objective on shares of Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, July 7th. TheStreet cut shares of Cardtronics PLC from a “b” rating to a “c+” rating in a research note on Monday, May 8th. Finally, Zacks Investment Research cut shares of Cardtronics PLC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.17.
In related news, EVP Phillip Pilsuh Chin sold 825 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $34.03, for a total value of $28,074.75. Following the completion of the transaction, the executive vice president now owns 2,469 shares of the company’s stock, valued at $84,020.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan Simpson-Dent sold 18,721 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $574,958.08. The disclosure for this sale can be found here. In the last three months, insiders sold 22,546 shares of company stock valued at $770,512. 1.20% of the stock is currently owned by company insiders.
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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