Cardtronics (NASDAQ:CATM) was upgraded by Zacks Investment Research from a "strong sell" rating to a "hold" rating in a report released on Friday, Zacks.com reports.
According to Zacks, "Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. "
Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of Cardtronics from a "sell" rating to a "hold" rating in a report on Thursday. Gabelli started coverage on Cardtronics in a research note on Friday. They set a "buy" rating on the stock. DA Davidson lowered their target price on Cardtronics from $51.00 to $40.00 in a research note on Tuesday, April 21st. ValuEngine upgraded Cardtronics from a "sell" rating to a "hold" rating in a research note on Friday, May 15th. Finally, Wells Fargo & Co lowered their target price on Cardtronics from $50.00 to $30.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of "Buy" and an average price target of $40.33.
CATM traded up $0.79 during mid-day trading on Friday, reaching $25.14. 703,385 shares of the stock were exchanged, compared to its average volume of 674,146. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.28 and a current ratio of 1.30. The stock has a market capitalization of $1.12 billion, a PE ratio of 23.06 and a beta of 1.66. The company has a 50 day moving average price of $20.12 and a two-hundred day moving average price of $34.67. Cardtronics has a 1 year low of $15.71 and a 1 year high of $47.41.
Cardtronics (NASDAQ:CATM) last posted its quarterly earnings data on Friday, May 8th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.38 by $0.04. The firm had revenue of $306.60 million for the quarter, compared to the consensus estimate of $322.44 million. Cardtronics had a net margin of 3.72% and a return on equity of 29.18%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. Sell-side analysts expect that Cardtronics will post 0.86 EPS for the current fiscal year.
In other news, CFO Gary W. Ferrera acquired 3,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $18.56 per share, for a total transaction of $55,680.00. Following the purchase, the chief financial officer now owns 26,077 shares of the company's stock, valued at approximately $483,989.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Paul A. Gullo purchased 1,100 shares of the firm's stock in a transaction dated Monday, May 18th. The shares were bought at an average price of $25.13 per share, for a total transaction of $27,643.00. Insiders purchased a total of 16,600 shares of company stock worth $321,923 over the last 90 days. 19.80% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in CATM. PNC Financial Services Group Inc. increased its position in shares of Cardtronics by 13.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,098 shares of the business services provider's stock valued at $138,000 after buying an additional 376 shares during the period. Magnus Financial Group LLC bought a new stake in shares of Cardtronics during the fourth quarter valued at about $208,000. Cornerstone Investment Partners LLC bought a new stake in shares of Cardtronics during the fourth quarter valued at about $213,000. SG Americas Securities LLC bought a new stake in shares of Cardtronics during the fourth quarter valued at about $217,000. Finally, AlphaOne Investment Services LLC increased its position in shares of Cardtronics by 40.1% during the first quarter. AlphaOne Investment Services LLC now owns 10,924 shares of the business services provider's stock valued at $229,000 after buying an additional 3,126 shares during the period.
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 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.
Featured Story: How Do Front-End Loads Impact an Investment?
Get a free copy of the Zacks research report on Cardtronics (CATM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
15 Stocks that Insiders Love
An insider trade occurs when a corporate executive (such as a CEO, CFO or COO) that has non-public information about a company buys or sells shares of that company's stock. Company insiders are required by law to regularly report their stock purchases and sales to the SEC.
Tracking a company's insider trades is a metric that can be used to identify the direction that the company's executives believes that the company is headed. If a number of insiders purchase more shares of their company, they may believe that the company will have strong future earnings and that the share price will increase in the near future.
For example, if Microsoft's CEO, CFO and COO all recently purchased additional shares of Microsoft stock, that would be an indication that there could be unreported news that may positively effect Microsoft's stock price in the near future.
This slideshow lists the 15 companies that have had the highest levels of insider buying within the last 180 days.
View the "15 Stocks that Insiders Love".