Wells Fargo & Company MN Increases Holdings in Cardtronics PLC (CATM)

Wells Fargo & Company MN boosted its position in Cardtronics PLC (NASDAQ:CATM) by 78.2% during the 1st quarter, Holdings Channel reports. The firm owned 320,129 shares of the business services provider’s stock after purchasing an additional 140,509 shares during the period. Wells Fargo & Company MN’s holdings in Cardtronics were worth $7,142,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in CATM. Bank of New York Mellon Corp boosted its position in Cardtronics by 60.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,105,741 shares of the business services provider’s stock worth $20,478,000 after purchasing an additional 417,725 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Cardtronics by 64.6% during the 4th quarter. Two Sigma Advisers LP now owns 520,252 shares of the business services provider’s stock valued at $9,635,000 after buying an additional 204,200 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Cardtronics by 356.0% during the 4th quarter. Schroder Investment Management Group now owns 209,700 shares of the business services provider’s stock valued at $3,884,000 after buying an additional 163,716 shares in the last quarter. BlackRock Inc. lifted its position in shares of Cardtronics by 2.5% during the 4th quarter. BlackRock Inc. now owns 5,753,980 shares of the business services provider’s stock valued at $106,562,000 after buying an additional 139,686 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in shares of Cardtronics by 406.7% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 166,700 shares of the business services provider’s stock valued at $3,087,000 after buying an additional 133,800 shares in the last quarter.

A number of research firms have recently weighed in on CATM. BidaskClub cut Cardtronics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 24th. ValuEngine cut Cardtronics from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Zacks Investment Research raised Cardtronics from a “strong sell” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, April 24th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Cardtronics in a research report on Sunday, February 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Cardtronics has a consensus rating of “Hold” and a consensus target price of $27.80.



In other Cardtronics news, major shareholder Hudson Executive Capital Lp bought 63,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The shares were bought at an average price of $22.47 per share, with a total value of $1,417,857.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased a total of 1,722,105 shares of company stock worth $41,872,257 in the last three months. 0.60% of the stock is owned by corporate insiders.

Cardtronics opened at $26.04 on Monday, MarketBeat reports. Cardtronics PLC has a twelve month low of $15.80 and a twelve month high of $34.90. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market cap of $1.20 billion, a PE ratio of 9.40, a P/E/G ratio of 1.72 and a beta of 0.85.

Cardtronics (NASDAQ:CATM) last posted its quarterly earnings data on Thursday, May 3rd. The business services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.19. Cardtronics had a positive return on equity of 29.50% and a negative net margin of 9.91%. The firm had revenue of $336.20 million for the quarter, compared to analysts’ expectations of $311.11 million. During the same period in the previous year, the firm earned $0.55 EPS. The business’s quarterly revenue was down 6.0% on a year-over-year basis. equities analysts forecast that Cardtronics PLC will post 1.38 earnings per share for the current fiscal year.

Cardtronics Company Profile

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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Institutional Ownership by Quarter for Cardtronics (NASDAQ:CATM)

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