Wells Fargo & Company MN trimmed its holdings in shares of Cardtronics PLC (NASDAQ:CATM) by 31.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 190,304 shares of the business services provider’s stock after selling 86,905 shares during the period. Wells Fargo & Company MN’s holdings in Cardtronics were worth $4,379,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Riverhead Capital Management LLC increased its stake in Cardtronics by 77.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,731 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 1,631 shares in the last quarter. Flinton Capital Management LLC grew its holdings in Cardtronics by 69.8% during the 2nd quarter. Flinton Capital Management LLC now owns 4,088 shares of the business services provider’s stock valued at $134,000 after buying an additional 1,680 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Cardtronics during the 3rd quarter valued at $180,000. Petrus Trust Company LTA grew its holdings in Cardtronics by 1.7% during the 2nd quarter. Petrus Trust Company LTA now owns 6,191 shares of the business services provider’s stock valued at $203,000 after buying an additional 104 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Cardtronics by 5.6% during the 2nd quarter. Amalgamated Bank now owns 6,294 shares of the business services provider’s stock valued at $207,000 after buying an additional 331 shares during the last quarter.
Shares of Cardtronics PLC (CATM) opened at $20.11 on Friday. Cardtronics PLC has a fifty-two week low of $15.80 and a fifty-two week high of $55.89. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $928.25, a price-to-earnings ratio of -6.73, a PEG ratio of 0.91 and a beta of 0.64.
Cardtronics (NASDAQ:CATM) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.10. Cardtronics had a positive return on equity of 29.32% and a negative net margin of 9.37%. The business had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $383.97 million. During the same quarter last year, the firm earned $0.98 earnings per share. The business’s revenue was up 22.4% on a year-over-year basis. research analysts expect that Cardtronics PLC will post 2.66 EPS for the current fiscal year.
A number of brokerages have commented on CATM. ValuEngine cut Cardtronics from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. BidaskClub upgraded Cardtronics from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research cut Cardtronics from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Lake Street Capital cut Cardtronics from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $31.00 in a report on Tuesday, September 26th. Finally, William Blair cut Cardtronics from an “outperform” rating to a “market perform” rating in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $32.00.
In other Cardtronics news, Director Dennis Lynch acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average price of $17.00 per share, for a total transaction of $85,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Edward H. West acquired 12,500 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average price of $17.29 per share, for a total transaction of $216,125.00. The disclosure for this purchase can be found here. Insiders have bought 20,000 shares of company stock worth $343,150 in the last 90 days. Insiders own 1.20% of the company’s stock.
Cardtronics Company Profile
Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.
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