Principal Financial Group Inc. lowered its position in shares of Cardtronics PLC (NASDAQ:CATM) by 2.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 345,485 shares of the business services provider’s stock after selling 9,169 shares during the quarter. Principal Financial Group Inc. owned about 0.76% of Cardtronics worth $7,950,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of CATM. Riverhead Capital Management LLC raised its stake in Cardtronics by 77.7% in the second 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 raised its stake in Cardtronics by 69.8% in the second quarter. Flinton Capital Management LLC now owns 4,088 shares of the business services provider’s stock valued at $134,000 after purchasing an additional 1,680 shares in the last quarter. Petrus Trust Company LTA raised its stake in Cardtronics by 1.7% in the second quarter. Petrus Trust Company LTA now owns 6,191 shares of the business services provider’s stock valued at $203,000 after purchasing an additional 104 shares in the last quarter. Amalgamated Bank raised its stake in Cardtronics by 5.6% in the second quarter. Amalgamated Bank now owns 6,294 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 331 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in Cardtronics in the third quarter valued at about $268,000.
A number of research analysts recently commented on CATM shares. SunTrust Banks reaffirmed a “buy” rating and issued a $25.00 price target on shares of Cardtronics in a research note on Friday, November 3rd. TheStreet cut Cardtronics from a “c” rating to a “d” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded Cardtronics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Lake Street Capital cut Cardtronics from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $31.00 in a research report on Tuesday, September 26th. Finally, William Blair cut Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Cardtronics currently has an average rating of “Hold” and an average target price of $32.00.
Cardtronics PLC (CATM) opened at $17.59 on Thursday. Cardtronics PLC has a 12-month low of $15.80 and a 12-month high of $56.00. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market capitalization of $820.90, a PE ratio of 6.33, a price-to-earnings-growth ratio of 0.56 and a beta of 0.64.
Cardtronics (NASDAQ:CATM) last released its earnings results on Thursday, November 2nd. The business services provider reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $383.97 million. During the same quarter in the previous year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. equities research analysts forecast that Cardtronics PLC will post 2.65 EPS for the current year.
In other news, Director Mark Rossi purchased 2,500 shares of Cardtronics stock in a transaction dated Monday, November 13th. The shares were bought at an average cost of $16.81 per share, for a total transaction of $42,025.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward H. West purchased 12,500 shares of Cardtronics stock in a transaction dated Tuesday, November 7th. The shares were purchased 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. In the last quarter, insiders acquired 20,000 shares of company stock worth $343,150. Company insiders own 1.20% of the company’s stock.
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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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