Cardtronics (CATM) Rating Reiterated by Bank of America

Cardtronics (NASDAQ:CATM)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Bank of America in a note issued to investors on Thursday.

Several other brokerages have also commented on CATM. Zacks Investment Research lowered Cardtronics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. TheStreet lowered Cardtronics from a “c” rating to a “d” rating in a research note on Friday, November 3rd. BidaskClub raised Cardtronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 16th. Lake Street Capital lowered Cardtronics from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $31.00 in a research note on Tuesday, September 26th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $25.00 price objective on shares of Cardtronics in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Cardtronics presently has an average rating of “Hold” and an average price target of $32.00.

Shares of Cardtronics (NASDAQ CATM) traded down $0.05 during trading on Thursday, hitting $22.20. The stock had a trading volume of 554,700 shares, compared to its average volume of 678,727. Cardtronics has a twelve month low of $15.80 and a twelve month high of $55.71. The firm has a market cap of $1,016.41, a price-to-earnings ratio of -7.42, a PEG ratio of 0.99 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 (NASDAQ:CATM) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.10. Cardtronics had a positive return on equity of 29.32% and a negative net margin of 9.37%. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $383.97 million. During the same quarter in the prior year, the company posted $0.98 EPS. The company’s quarterly revenue was up 22.4% on a year-over-year basis. research analysts expect that Cardtronics will post 2.66 earnings per share for the current year.

In other news, CFO Edward H. West acquired 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average price of $17.29 per share, for a total transaction of $216,125.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dennis Lynch acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $85,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 20,000 shares of company stock worth $343,150 in the last quarter. Company insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its holdings in Cardtronics by 4.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 389,001 shares of the business services provider’s stock worth $7,205,000 after purchasing an additional 18,168 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Cardtronics during the 3rd quarter worth about $479,000. Zions Bancorporation purchased a new stake in Cardtronics during the 3rd quarter worth about $157,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Cardtronics during the 3rd quarter worth about $756,000. Finally, Invictus RG purchased a new stake in Cardtronics during the 3rd quarter worth about $255,000.

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Cardtronics 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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