Cambiar Investors LLC reduced its stake in shares of Cardtronics Inc. (NASDAQ:CATM) by 24.4% during the second quarter, Holdings Channel reports. The fund owned 694,158 shares of the company’s stock after selling 223,585 shares during the period. Cambiar Investors LLC’s holdings in Cardtronics were worth $27,634,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in Cardtronics during the second quarter valued at about $15,850,000. Norges Bank acquired a new stake in Cardtronics during the fourth quarter valued at about $9,339,000. State Street Corp increased its stake in Cardtronics by 2.5% in the first quarter. State Street Corp now owns 874,745 shares of the company’s stock valued at $31,485,000 after buying an additional 20,933 shares during the last quarter. Virginia Retirement System acquired a new stake in Cardtronics during the first quarter valued at about $752,000. Finally, Huntington Asset Advisors Inc. acquired a new stake in Cardtronics during the first quarter valued at about $720,000.
Cardtronics Inc. (NASDAQ:CATM) traded up 1.69% during trading on Friday, reaching $44.60. 305,836 shares of the company’s stock were exchanged. The stock has a market cap of $2.02 billion, a PE ratio of 28.10 and a beta of 0.79. Cardtronics Inc. has a 12 month low of $28.01 and a 12 month high of $48.46. The firm has a 50 day moving average of $44.54 and a 200-day moving average of $40.54.
Cardtronics (NASDAQ:CATM) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.03. Cardtronics had a return on equity of 33.95% and a net margin of 5.83%. The firm earned $324 million during the quarter, compared to the consensus estimate of $315.48 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Cardtronics Inc. will post $3.25 earnings per share for the current fiscal year.
CATM has been the subject of several research reports. JPMorgan Chase & Co. downgraded shares of Cardtronics from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $45.00 to $50.00 in a research report on Friday, August 19th. Barrington Research downgraded shares of Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Jefferies Group lifted their price target on shares of Cardtronics from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Finally, Feltl & Co. initiated coverage on shares of Cardtronics in a research report on Thursday, September 22nd. They issued a “buy” rating and a $48.00 price target for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $45.33.
In related news, insider Patrick Michael Mccarthy sold 3,034 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $46.02, for a total transaction of $139,624.68. Following the completion of the transaction, the insider now owns 26,831 shares in the company, valued at $1,234,762.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director J Tim Arnoult sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $45.71, for a total value of $228,550.00. Following the transaction, the director now owns 6,648 shares of the company’s stock, valued at approximately $303,880.08. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.
Cardtronics, Inc is a provider of automated consumer financial services. The Company provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Company’s operations consisted of its North America and Europe segments. Its North America segment includes operations in all 50 states, Puerto Rico, Canada and Mexico.
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