BidaskClub Upgrades Cardtronics (NASDAQ:CATM) to Hold

Cardtronics (NASDAQ:CATM) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday, BidAskClub reports.

A number of other research firms also recently issued reports on CATM. Barrington Research restated a “buy” rating and issued a $45.00 target price on shares of Cardtronics in a report on Thursday, June 4th. William Blair reissued a “market perform” rating on shares of Cardtronics in a research note on Friday, August 7th. Gabelli began coverage on Cardtronics in a research report on Friday, May 22nd. They issued a “buy” rating on the stock. SunTrust Banks boosted their price target on Cardtronics from $29.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Zacks Investment Research lowered Cardtronics from a “buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Cardtronics presently has a consensus rating of “Buy” and a consensus target price of $37.50.

Shares of NASDAQ:CATM opened at $20.80 on Friday. The company has a market cap of $925.12 million, a P/E ratio of 25.06 and a beta of 1.57. The business has a fifty day simple moving average of $21.86 and a 200-day simple moving average of $23.13. Cardtronics has a 52 week low of $15.71 and a 52 week high of $47.41. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 2.51.

Cardtronics (NASDAQ:CATM) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.19. The firm had revenue of $233.20 million for the quarter, compared to analyst estimates of $231.52 million. Cardtronics had a return on equity of 22.33% and a net margin of 3.03%. The firm’s quarterly revenue was down 31.6% on a year-over-year basis. During the same period last year, the company earned $0.69 EPS. Sell-side analysts expect that Cardtronics will post 0.63 earnings per share for the current fiscal year.

In related news, Director Hudson Executive Capital Lp purchased 100,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of $24.10 per share, for a total transaction of $2,410,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 19.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Cardtronics by 5.8% in the first quarter. Geode Capital Management LLC now owns 541,687 shares of the business services provider’s stock valued at $11,331,000 after acquiring an additional 29,475 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Cardtronics by 5.3% in the first quarter. Thrivent Financial for Lutherans now owns 30,279 shares of the business services provider’s stock valued at $633,000 after purchasing an additional 1,511 shares during the period. State of Tennessee Treasury Department grew its holdings in Cardtronics by 3.0% during the 1st quarter. State of Tennessee Treasury Department now owns 19,034 shares of the business services provider’s stock valued at $398,000 after purchasing an additional 554 shares in the last quarter. State Street Corp increased its stake in Cardtronics by 5.4% during the 1st quarter. State Street Corp now owns 1,173,080 shares of the business services provider’s stock worth $24,541,000 after buying an additional 59,595 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in Cardtronics during the 2nd quarter worth $4,150,000.

About Cardtronics

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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Analyst Recommendations for Cardtronics (NASDAQ:CATM)

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