Teacher Retirement System of Texas boosted its position in shares of Cardtronics Inc. (NASDAQ:CATM) by 13.7% during the second quarter, Holdings Channel reports. The fund owned 6,266 shares of the company’s stock after buying an additional 754 shares during the period. Teacher Retirement System of Texas’ holdings in Cardtronics were worth $249,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Cardtronics by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,532 shares of the company’s stock worth $101,000 after buying an additional 1,104 shares in the last quarter. BlackRock Inc. boosted its position in Cardtronics by 138.9% in the first quarter. BlackRock Inc. now owns 3,435 shares of the company’s stock worth $123,000 after buying an additional 1,997 shares in the last quarter. 1st Global Advisors Inc. boosted its position in Cardtronics by 2.0% in the second quarter. 1st Global Advisors Inc. now owns 5,711 shares of the company’s stock worth $227,000 after buying an additional 114 shares in the last quarter. First Midwest Bank Trust Division bought a new position in Cardtronics during the second quarter worth about $248,000. Finally, Suntrust Banks Inc. boosted its position in Cardtronics by 4.9% in the second quarter. Suntrust Banks Inc. now owns 6,550 shares of the company’s stock worth $259,000 after buying an additional 308 shares in the last quarter.
Shares of Cardtronics Inc. (NASDAQ:CATM) opened at 49.16 on Tuesday. The stock has a 50 day moving average of $45.46 and a 200-day moving average of $41.77. Cardtronics Inc. has a 1-year low of $28.01 and a 1-year high of $50.45. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 30.98 and a beta of 0.76.
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 analysts’ consensus estimates of $0.77 by $0.03. The firm earned $324 million during 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. Equities analysts anticipate that Cardtronics Inc. will post $3.25 EPS for the current fiscal year.
A number of research analysts have issued reports on CATM shares. Feltl & Co. started coverage on shares of Cardtronics in a report on Thursday, September 22nd. They issued a “buy” rating and a $48.00 price target for the company. Jefferies Group raised their price target on shares of Cardtronics from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Zacks Investment Research cut shares of Cardtronics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 7th. Barrington Research cut shares of Cardtronics from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. cut shares of Cardtronics from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $45.00 to $50.00 in a report on Friday, August 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $47.00.
In related news, Director J Tim Arnoult sold 5,000 shares of Cardtronics 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 completion of the transaction, the director now owns 6,648 shares in the company, valued at $303,880.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rick Updyke sold 9,182 shares of Cardtronics 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 completion of the transaction, the executive vice president now owns 67,050 shares of the company’s stock, 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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