Bank of New York Mellon Corp lessened its stake in Cardtronics PLC (NASDAQ:CATM) by 10.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 688,016 shares of the business services provider’s stock after selling 77,447 shares during the period. Bank of New York Mellon Corp owned about 1.51% of Cardtronics worth $15,831,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Cardtronics by 106.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 302,469 shares of the business services provider’s stock valued at $9,939,000 after purchasing an additional 5,066,029 shares in the last quarter. FMR LLC boosted its position in shares of Cardtronics by 33.3% during the 2nd quarter. FMR LLC now owns 3,634,132 shares of the business services provider’s stock valued at $119,417,000 after purchasing an additional 906,953 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Cardtronics by 78.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,346,200 shares of the business services provider’s stock valued at $44,236,000 after purchasing an additional 593,200 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Cardtronics during the 3rd quarter valued at about $10,897,000. Finally, PDT Partners LLC bought a new stake in shares of Cardtronics during the 2nd quarter valued at about $6,966,000.
Several brokerages recently commented on CATM. BidaskClub upgraded Cardtronics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Zacks Investment Research lowered Cardtronics from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine lowered Cardtronics from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet lowered Cardtronics from a “c” rating to a “d” rating in a research report on Friday, November 3rd. Finally, SunTrust Banks restated a “buy” rating and set a $25.00 target price on shares of Cardtronics in a research report 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. The stock currently has an average rating of “Hold” and a consensus price target of $32.00.
Shares of Cardtronics PLC (CATM) traded up $1.07 during trading hours on Thursday, reaching $21.72. The company’s stock had a trading volume of 481,544 shares, compared to its average volume of 723,593. The company has a market capitalization of $944.19, a price-to-earnings ratio of -7.26, a P/E/G ratio of 0.90 and a beta of 0.64. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.64. Cardtronics PLC has a 1-year low of $15.80 and a 1-year high of $55.71.
Cardtronics (NASDAQ:CATM) last announced 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 business had revenue of $402.00 million for 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%. The company’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. equities research analysts expect that Cardtronics PLC will post 2.66 earnings per share for the current year.
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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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