Squarepoint Ops LLC Cuts Stake in Cardtronics PLC (NASDAQ:CATM)

Squarepoint Ops LLC reduced its stake in shares of Cardtronics PLC (NASDAQ:CATM) by 44.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,938 shares of the business services provider’s stock after selling 24,573 shares during the period. Squarepoint Ops LLC’s holdings in Cardtronics were worth $936,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CATM. Arizona State Retirement System lifted its holdings in shares of Cardtronics by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 58,195 shares of the business services provider’s stock worth $1,590,000 after acquiring an additional 390 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in Cardtronics by 1.9% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,494 shares of the business services provider’s stock worth $1,052,000 after purchasing an additional 710 shares in the last quarter. Aperio Group LLC increased its position in Cardtronics by 3.4% during the 2nd quarter. Aperio Group LLC now owns 13,760 shares of the business services provider’s stock worth $376,000 after purchasing an additional 458 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in Cardtronics during the 2nd quarter worth approximately $2,454,000. Finally, AMI Asset Management Corp increased its position in Cardtronics by 21.7% during the 2nd quarter. AMI Asset Management Corp now owns 369,681 shares of the business services provider’s stock worth $10,100,000 after purchasing an additional 65,954 shares in the last quarter.

CATM opened at $41.45 on Friday. The firm has a 50 day moving average price of $39.67 and a 200 day moving average price of $32.19. The company has a market cap of $1.85 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 4.82 and a beta of 1.40. Cardtronics PLC has a 1 year low of $23.57 and a 1 year high of $43.69. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.73 and a current ratio of 0.75.

Cardtronics (NASDAQ:CATM) last posted its earnings results on Wednesday, October 30th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.16. The firm had revenue of $351.51 million during the quarter, compared to the consensus estimate of $349.57 million. Cardtronics had a net margin of 2.21% and a return on equity of 24.63%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. On average, sell-side analysts predict that Cardtronics PLC will post 2.07 earnings per share for the current year.

In related news, CAO Paul A. Gullo sold 974 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.18, for a total transaction of $42,057.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 18.30% of the stock is currently owned by corporate insiders.

A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Cardtronics from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Monday, November 4th. Barrington Research reissued a “buy” rating and set a $40.00 target price on shares of Cardtronics in a research report on Thursday, October 31st. BidaskClub raised shares of Cardtronics from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, DA Davidson increased their target price on shares of Cardtronics to $46.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.50.

Cardtronics 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.

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Institutional Ownership by Quarter for Cardtronics (NASDAQ:CATM)

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