First Midwest Bank Trust Division acquired a new stake in Cardtronics Inc. (NASDAQ:CATM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,219 shares of the company’s stock, valued at approximately $248,000.
Several other hedge funds have also modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of Cardtronics during the second quarter valued at $15,850,000. Norges Bank acquired a new stake in shares of Cardtronics during the fourth quarter valued at $9,339,000. State Street Corp boosted its stake in shares of 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 in the last quarter. Virginia Retirement System acquired a new stake in shares of Cardtronics during the first quarter valued at $752,000. Finally, Huntington Asset Advisors Inc. acquired a new stake in shares of Cardtronics during the first quarter valued at $720,000.
Shares of Cardtronics Inc. (NASDAQ:CATM) traded down 0.04% during trading on Friday, hitting $48.76. 329,274 shares of the stock traded hands. The company has a 50 day moving average price of $44.71 and a 200 day moving average price of $41.11. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 30.72 and a beta of 0.76. Cardtronics Inc. has a 12 month low of $28.01 and a 12 month high of $49.41.
Cardtronics (NASDAQ:CATM) last posted 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. The firm had revenue of $324 million for the quarter, compared to analysts’ expectations of $315.48 million. Cardtronics had a net margin of 5.83% and a return on equity of 33.95%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. Analysts anticipate that Cardtronics Inc. will post $3.25 earnings per share for the current fiscal year.
A number of brokerages have commented on CATM. Zacks Investment Research raised shares of Cardtronics from a “hold” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research report on Thursday. JPMorgan Chase & Co. cut shares of Cardtronics from an “overweight” rating to a “neutral” rating and upped their price target for the company from $45.00 to $50.00 in a research report on Friday, August 19th. Barrington Research cut 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 set a “buy” rating and a $48.00 price target on the stock. Finally, Jefferies Group upped 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cardtronics currently has a consensus rating of “Buy” and an average price target of $47.00.
In related news, Director J Tim Arnoult sold 5,000 shares of Cardtronics stock in a transaction 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 in the company, valued at approximately $303,880.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rick Updyke sold 9,182 shares of Cardtronics stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $47.15, for a total transaction of $432,931.30. Following the completion of the transaction, the executive vice president now owns 67,050 shares in the company, valued at approximately $3,161,407.50. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.
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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