Raymond James & Associates Acquires New Position in Cardtronics PLC (CATM)

Raymond James & Associates purchased a new position in Cardtronics PLC (NASDAQ:CATM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,418 shares of the business services provider’s stock, valued at approximately $397,000.

A number of other hedge funds also recently added to or reduced their stakes in CATM. BlueMountain Capital Management LLC bought a new position in Cardtronics in the second quarter worth about $132,000. Alps Advisors Inc. bought a new position in Cardtronics in the second quarter worth about $209,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Cardtronics in the second quarter worth about $227,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Cardtronics in the second quarter worth about $235,000. Finally, LMR Partners LLP bought a new position in Cardtronics in the second quarter worth about $372,000.

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



A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of Cardtronics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. BidaskClub downgraded shares of Cardtronics from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Barrington Research reissued a “hold” rating on shares of Cardtronics in a research note on Tuesday, July 31st. TheStreet raised shares of Cardtronics from a “d+” rating to a “c-” rating in a research note on Monday, August 27th. Finally, Zacks Investment Research raised shares of Cardtronics from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $29.25.

CATM stock opened at $26.66 on Monday. Cardtronics PLC has a 1 year low of $15.80 and a 1 year high of $39.10. The stock has a market capitalization of $1.23 billion, a P/E ratio of 10.54, a P/E/G ratio of 1.38 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.21.

Cardtronics (NASDAQ:CATM) last announced its earnings results on Thursday, August 2nd. The business services provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $341.00 million during the quarter, compared to the consensus estimate of $324.03 million. During the same quarter last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. On average, equities analysts anticipate that Cardtronics PLC will post 1.61 earnings per share for the current fiscal year.

Cardtronics 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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