Alps Advisors Inc. reduced its position in Cardtronics Inc. (NASDAQ:CATM) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,528 shares of the company’s stock after selling 848 shares during the period. Alps Advisors Inc.’s holdings in Cardtronics were worth $459,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in Cardtronics during the second quarter worth $15,850,000. Norges Bank purchased a new stake in Cardtronics during the fourth quarter worth $9,339,000. State Street Corp raised its stake in Cardtronics by 2.5% in the first quarter. State Street Corp now owns 874,745 shares of the company’s stock worth $31,485,000 after buying an additional 20,933 shares during the period. Virginia Retirement System purchased a new stake in Cardtronics during the first quarter worth $752,000. Finally, Huntington Asset Advisors Inc. purchased a new stake in Cardtronics during the first quarter worth $720,000.
Shares of Cardtronics Inc. (NASDAQ:CATM) traded down 1.53% during trading on Wednesday, reaching $48.16. 546,649 shares of the company traded hands. The firm’s 50 day moving average price is $44.63 and its 200-day moving average price is $40.95. Cardtronics Inc. has a 52 week low of $28.01 and a 52 week high of $49.41. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 30.35 and a beta of 0.76.
Cardtronics (NASDAQ:CATM) last released its earnings results on Thursday, July 28th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.03. The company had revenue of $324 million for the quarter, compared to analyst estimates of $315.48 million. Cardtronics had a net margin of 5.83% and a return on equity of 33.95%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. Equities analysts anticipate that Cardtronics Inc. will post $3.25 EPS for the current fiscal year.
A number of analysts recently weighed in on CATM shares. JPMorgan Chase & Co. lowered shares of Cardtronics from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $45.00 to $50.00 in a research report on Friday, August 19th. Barrington Research lowered shares of Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Feltl & Co. began coverage on shares of Cardtronics in a research report on Thursday, September 22nd. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, Jefferies Group raised their target price on shares of Cardtronics from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.33.
In other Cardtronics news, EVP Rick Updyke sold 9,182 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $47.15, for a total transaction of $432,931.30. Following the sale, the executive vice president now directly owns 67,050 shares in the company, valued at approximately $3,161,407.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director J Tim Arnoult sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $45.71, for a total transaction of $228,550.00. Following the sale, the director now owns 6,648 shares in the company, valued at $303,880.08. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
Cardtronics PLC, formerly 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.
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