South Dakota Investment Council decreased its holdings in Cardtronics, Inc. (NASDAQ:CATM) by 12.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 348,273 shares of the business services provider’s stock after selling 48,200 shares during the period. South Dakota Investment Council owned 0.76% of Cardtronics worth $7,770,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Cardtronics by 0.7% in the first quarter. BlackRock Inc. now owns 5,793,906 shares of the business services provider’s stock worth $129,261,000 after acquiring an additional 39,926 shares during the period. Northern Trust Corp boosted its stake in shares of Cardtronics by 3.4% in the first quarter. Northern Trust Corp now owns 592,247 shares of the business services provider’s stock worth $13,214,000 after acquiring an additional 19,264 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Cardtronics by 8.9% in the first quarter. Thrivent Financial for Lutherans now owns 30,878 shares of the business services provider’s stock worth $689,000 after acquiring an additional 2,519 shares during the period. Aperio Group LLC boosted its stake in shares of Cardtronics by 36.0% in the first quarter. Aperio Group LLC now owns 14,489 shares of the business services provider’s stock worth $323,000 after acquiring an additional 3,836 shares during the period. Finally, ETRADE Capital Management LLC bought a new position in shares of Cardtronics in the first quarter worth about $403,000.
In other news, EVP Joseph Bradley Nolan purchased 5,725 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was bought at an average cost of $26.16 per share, with a total value of $149,766.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hudson Executive Capital Lp purchased 207,150 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The shares were purchased at an average cost of $25.90 per share, with a total value of $5,365,185.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,727,830 shares of company stock valued at $42,022,023. 0.60% of the stock is owned by corporate insiders.
Cardtronics (NASDAQ:CATM) last announced its quarterly earnings results on Thursday, May 3rd. The business services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.19. Cardtronics had a positive return on equity of 29.50% and a negative net margin of 9.91%. The company had revenue of $336.20 million during the quarter, compared to analyst estimates of $311.11 million. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. research analysts predict that Cardtronics, Inc. will post 1.38 earnings per share for the current year.
CATM has been the subject of a number of recent analyst reports. Wells Fargo & Co raised Cardtronics from a “market perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Wednesday, January 24th. Zacks Investment Research lowered Cardtronics from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. BidaskClub raised Cardtronics from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. William Blair reaffirmed a “market perform” rating on shares of Cardtronics in a research note on Wednesday, February 21st. Finally, Bank of America set a $19.00 price objective on Cardtronics and gave the stock a “sell” rating in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.80.
Cardtronics plc provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The company offers cash dispensing and bank balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, and operators of facilities, such as shopping malls, airports, and train stations.
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