Cardtronics’ (CATM) “Hold” Rating Reiterated at Barrington Research

Cardtronics (NASDAQ:CATM)‘s stock had its “hold” rating reissued by stock analysts at Barrington Research in a research report issued to clients and investors on Monday.

A number of other analysts also recently issued reports on CATM. ValuEngine downgraded shares of Cardtronics from a “buy” rating to a “hold” rating in a report on Friday, October 19th. BidaskClub downgraded shares of Cardtronics from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Zacks Investment Research upgraded shares of Cardtronics from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Wednesday, October 10th. Finally, TheStreet upgraded shares of Cardtronics from a “d+” rating to a “c-” rating in a report on Monday, August 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $29.25.

Shares of CATM traded up $0.26 during trading hours on Monday, reaching $26.92. 6,853 shares of the stock traded hands, compared to its average volume of 473,884. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.89 and a quick ratio of 0.85. Cardtronics has a 52 week low of $15.80 and a 52 week high of $39.10. The firm has a market capitalization of $1.23 billion, a P/E ratio of 9.72, a PEG ratio of 1.38 and a beta of 1.19.



Cardtronics (NASDAQ:CATM) last released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.22. Cardtronics had a negative net margin of 11.00% and a positive return on equity of 24.21%. The company had revenue of $341.00 million for the quarter, compared to analyst estimates of $324.03 million. During the same period last year, the firm earned $0.76 earnings per share. The firm’s revenue was down 11.5% on a year-over-year basis. On average, equities research analysts expect that Cardtronics will post 1.61 earnings per share for the current year.

In related news, Director Mark Rossi acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was acquired at an average price of $30.25 per share, for a total transaction of $151,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hudson Executive Capital Lp acquired 25,200 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average price of $29.97 per share, with a total value of $755,244.00. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlueMountain Capital Management LLC purchased a new position in shares of Cardtronics in the second quarter worth about $132,000. Alpha Cubed Investments LLC purchased a new position in shares of Cardtronics in the third quarter worth about $201,000. Sawtooth Solutions LLC purchased a new position in shares of Cardtronics in the third quarter worth about $239,000. Xact Kapitalforvaltning AB purchased a new position in shares of Cardtronics in the third quarter worth about $256,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Cardtronics in the second quarter worth about $227,000.

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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Analyst Recommendations for Cardtronics (NASDAQ:CATM)

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