Engineers Gate Manager LP lessened its position in shares of Cardtronics, Inc. (NASDAQ:CATM) by 17.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,698 shares of the business services provider’s stock after selling 9,112 shares during the period. Engineers Gate Manager LP’s holdings in Cardtronics were worth $930,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. lifted its holdings in Cardtronics by 2.4% during the 1st quarter. Prudential Financial Inc. now owns 76,362 shares of the business services provider’s stock worth $1,704,000 after purchasing an additional 1,800 shares in the last quarter. Swiss National Bank lifted its holdings in Cardtronics by 3.4% during the 1st quarter. Swiss National Bank now owns 79,400 shares of the business services provider’s stock worth $1,771,000 after purchasing an additional 2,600 shares in the last quarter. Rhumbline Advisers lifted its holdings in Cardtronics by 2.6% during the 1st quarter. Rhumbline Advisers now owns 104,608 shares of the business services provider’s stock worth $2,334,000 after purchasing an additional 2,624 shares in the last quarter. Adams Diversified Equity Fund Inc. lifted its holdings in Cardtronics by 20.1% during the 4th quarter. Adams Diversified Equity Fund Inc. now owns 33,500 shares of the business services provider’s stock worth $620,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Stoneridge Investment Partners LLC lifted its holdings in Cardtronics by 48.2% during the 4th quarter. Stoneridge Investment Partners LLC now owns 21,373 shares of the business services provider’s stock worth $396,000 after purchasing an additional 6,947 shares in the last quarter.
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Shares of NASDAQ CATM opened at $27.97 on Wednesday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.89 and a beta of 0.87. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 0.91. Cardtronics, Inc. has a twelve month low of $15.80 and a twelve month high of $34.90.
Cardtronics (NASDAQ:CATM) last announced its earnings results on Thursday, May 3rd. The business services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.19. The business had revenue of $336.20 million for the quarter, compared to analyst estimates of $311.11 million. Cardtronics had a positive return on equity of 29.50% and a negative net margin of 9.91%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. research analysts forecast that Cardtronics, Inc. will post 1.38 EPS for the current fiscal year.
A number of brokerages recently issued reports on CATM. ValuEngine cut Cardtronics from a “hold” rating to a “sell” rating in a report on Tuesday. Barrington Research reissued a “hold” rating on shares of Cardtronics in a report on Tuesday, May 1st. BidaskClub raised Cardtronics from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 17th. Zacks Investment Research raised Cardtronics from a “strong sell” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, April 24th. Finally, Bank of America set a $20.00 price objective on Cardtronics and gave the stock a “sell” rating in a report on Friday, May 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Cardtronics currently has a consensus rating of “Hold” and an average target price of $27.80.
In other Cardtronics news, major shareholder Hudson Executive Capital Lp bought 63,100 shares of the firm’s stock in a transaction on Thursday, March 29th. The shares were acquired at an average cost of $22.47 per share, for a total transaction of $1,417,857.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph Bradley Nolan bought 5,725 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was acquired at an average price of $26.16 per share, for a total transaction of $149,766.00. The disclosure for this purchase can be found here. Insiders acquired a total of 1,727,830 shares of company stock worth $42,022,023 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.
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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