Cardtronics (CATM) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Cardtronics (NASDAQ:CATM) from a hold rating to a buy rating in a research note published on Wednesday morning. Zacks Investment Research currently has $32.00 price objective on the business services provider’s stock.

According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “

CATM has been the subject of several other research reports. BidaskClub cut Cardtronics from a hold rating to a sell rating in a research note on Monday, February 4th. ValuEngine cut Cardtronics from a buy rating to a hold rating in a research note on Friday, October 19th. Barclays initiated coverage on Cardtronics in a research note on Wednesday, November 14th. They issued an overweight rating and a $41.00 price objective for the company. Finally, Barrington Research upgraded Cardtronics to a buy rating and set a $40.00 price objective for the company in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $32.60.

Shares of CATM opened at $27.99 on Wednesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market capitalization of $1.29 billion, a PE ratio of 10.10, a P/E/G ratio of 1.24 and a beta of 1.29. Cardtronics has a 1 year low of $20.78 and a 1 year high of $39.10.

In related news, Director J Tim Arnoult sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $31.54, for a total transaction of $94,620.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dan Antilley sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $31.31, for a total value of $156,550.00. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Hudson Executive Capital LP lifted its stake in Cardtronics by 1.0% during the third quarter. Hudson Executive Capital LP now owns 8,126,933 shares of the business services provider’s stock worth $257,136,000 after purchasing an additional 80,098 shares during the last quarter. BlackRock Inc. lifted its stake in Cardtronics by 1.5% in the fourth quarter. BlackRock Inc. now owns 5,500,254 shares of the business services provider’s stock valued at $143,009,000 after buying an additional 78,899 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in Cardtronics by 2.2% in the third quarter. Van Berkom & Associates Inc. now owns 2,798,818 shares of the business services provider’s stock valued at $88,555,000 after buying an additional 61,096 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Cardtronics by 25.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,715,224 shares of the business services provider’s stock valued at $70,597,000 after buying an additional 557,850 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Cardtronics by 8.6% in the third quarter. Clearbridge Investments LLC now owns 1,712,011 shares of the business services provider’s stock valued at $54,168,000 after buying an additional 135,655 shares during the last quarter.

Cardtronics Company Profile

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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