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.
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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