Nationwide Fund Advisors lowered its position in Cardtronics Inc. (NASDAQ:CATM) by 7.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,500 shares of the company’s stock after selling 4,151 shares during the period. Nationwide Fund Advisors owned approximately 0.12% of Cardtronics worth $2,090,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Logan Capital Management Inc. raised its stake in Cardtronics by 45.7% in the first quarter. Logan Capital Management Inc. now owns 10,200 shares of the company’s stock worth $367,000 after buying an additional 3,200 shares in the last quarter. Barclays PLC raised its stake in shares of Cardtronics by 40.4% in the first quarter. Barclays PLC now owns 57,605 shares of the company’s stock valued at $2,016,000 after buying an additional 16,564 shares in the last quarter. Arrowgrass Capital Partners US LP raised its stake in shares of Cardtronics by 0.8% in the first quarter. Arrowgrass Capital Partners US LP now owns 118,612 shares of the company’s stock valued at $4,269,000 after buying an additional 891 shares in the last quarter. Hancock Holding Co. raised its stake in shares of Cardtronics by 0.7% in the first quarter. Hancock Holding Co. now owns 262,615 shares of the company’s stock valued at $9,452,000 after buying an additional 1,870 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Cardtronics by 4.4% in the first quarter. Geode Capital Management LLC now owns 381,667 shares of the company’s stock valued at $13,736,000 after buying an additional 15,955 shares in the last quarter.
Shares of Cardtronics Inc. (NASDAQ:CATM) traded down 1.59% during midday trading on Thursday, reaching $49.39. The company’s stock had a trading volume of 201,174 shares. The company has a 50 day moving average of $45.09 and a 200-day moving average of $41.43. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 31.12 and a beta of 0.76. Cardtronics Inc. has a 52 week low of $28.01 and a 52 week high of $50.45.
Cardtronics (NASDAQ:CATM) last announced its earnings results on Thursday, July 28th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Cardtronics had a net margin of 5.83% and a return on equity of 33.95%. The business earned $324 million during the quarter, compared to analysts’ expectations of $315.48 million. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts predict that Cardtronics Inc. will post $3.25 earnings per share for the current year.
Several analysts have recently commented on the company. Zacks Investment Research lowered Cardtronics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 7th. Feltl & Co. began coverage on Cardtronics in a research report on Thursday, September 22nd. They issued a “buy” rating and a $48.00 target price on the stock. Jefferies Group upped their target price on Cardtronics from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Barrington Research downgraded Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. downgraded Cardtronics from an “overweight” rating to a “neutral” rating and upped their target price for the company from $45.00 to $50.00 in a research report on Friday, August 19th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Cardtronics has a consensus rating of “Buy” and an average target price of $47.00.
In other news, EVP Rick Updyke sold 9,182 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $47.15, for a total transaction of $432,931.30. Following the transaction, the executive vice president now directly owns 67,050 shares in the company, valued at $3,161,407.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Patrick Michael Mccarthy sold 3,034 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $46.02, for a total transaction of $139,624.68. Following the transaction, the insider now owns 26,831 shares in the company, valued at $1,234,762.62. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Cardtronics Company Profile
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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