Cardtronics (NASDAQ:CATM) Trading Down 5.3% on Insider Selling

Cardtronics PLC (NASDAQ:CATM) shares dropped 5.3% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $28.89 and last traded at $28.99, approximately 555,083 shares were traded during mid-day trading. An increase of 37% from the average daily volume of 406,177 shares. The stock had previously closed at $30.62.

Specifically, insider Stuart Mackinnon sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $33.43, for a total transaction of $334,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dan Antilley sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $32.49, for a total transaction of $97,470.00. The disclosure for this sale can be found here. 18.30% of the stock is currently owned by company insiders.

CATM has been the subject of a number of analyst reports. Barrington Research restated a “buy” rating and set a $40.00 price objective on shares of Cardtronics in a research note on Friday, August 2nd. BidaskClub lowered shares of Cardtronics from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. DA Davidson initiated coverage on shares of Cardtronics in a research note on Thursday, May 30th. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of Cardtronics from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, August 6th. Finally, ValuEngine lowered shares of Cardtronics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Cardtronics has an average rating of “Buy” and an average price target of $40.00.



The company has a 50 day moving average of $29.25. The company has a market cap of $1.46 billion, a PE ratio of 15.42, a P/E/G ratio of 4.02 and a beta of 1.29. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.73 and a quick ratio of 0.71.

Cardtronics (NASDAQ:CATM) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. Cardtronics had a net margin of 1.32% and a return on equity of 21.88%. The firm had revenue of $340.80 million during the quarter, compared to analyst estimates of $331.84 million. During the same period in the previous year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts predict that Cardtronics PLC will post 2 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in CATM. Legal & General Group Plc increased its stake in Cardtronics by 0.5% during the 4th quarter. Legal & General Group Plc now owns 90,618 shares of the business services provider’s stock valued at $2,340,000 after purchasing an additional 448 shares in the last quarter. Macquarie Group Ltd. increased its stake in Cardtronics by 16.7% during the 4th quarter. Macquarie Group Ltd. now owns 2,800 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 400 shares in the last quarter. Norges Bank bought a new stake in Cardtronics during the 4th quarter valued at about $13,467,000. Deutsche Bank AG increased its stake in Cardtronics by 6.1% during the 4th quarter. Deutsche Bank AG now owns 446,709 shares of the business services provider’s stock valued at $11,612,000 after purchasing an additional 25,863 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Cardtronics by 15.2% during the 1st quarter. Bank of Montreal Can now owns 4,144 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 547 shares in the last quarter.

Cardtronics Company Profile (NASDAQ:CATM)

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 balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, financial institutions, and operators of facilities, such as shopping malls, airports, and train stations.

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