BidaskClub downgraded shares of Cardtronics (NASDAQ:CATM) from a hold rating to a sell rating in a research note issued to investors on Saturday morning, BidAskClub reports.

Several other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of Cardtronics from a buy rating to a hold rating in a research note on Tuesday, May 28th. Barrington Research reissued a buy rating and issued a $40.00 price target on shares of Cardtronics in a report on Friday, August 2nd. Zacks Investment Research raised shares of Cardtronics from a hold rating to a strong-buy rating and set a $39.00 price target for the company in a report on Tuesday, August 6th. Finally, DA Davidson started coverage on shares of Cardtronics in a report on Thursday, May 30th. They issued a buy rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $40.00.

Cardtronics stock opened at $27.78 on Friday. The firm has a 50-day moving average price of $29.37 and a 200-day moving average price of $30.99. The firm has a market capitalization of $1.26 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 3.37 and a beta of 1.29. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 2.35. Cardtronics has a 12-month low of $23.57 and a 12-month high of $39.10.

Cardtronics (NASDAQ:CATM) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.25. Cardtronics had a net margin of 1.32% and a return on equity of 21.88%. The company had revenue of $340.80 million during the quarter, compared to analyst estimates of $331.84 million. During the same quarter last year, the business posted $0.61 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts predict that Cardtronics will post 2 earnings per share for the current fiscal year.

In other news, insider Dan Antilley sold 3,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $32.49, for a total transaction of $97,470.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stuart Mackinnon sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $33.43, for a total transaction of $334,300.00. The disclosure for this sale can be found here. 18.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hussman Strategic Advisors Inc. grew its holdings in shares of Cardtronics by 33.3% in the second quarter. Hussman Strategic Advisors Inc. now owns 100,000 shares of the business services provider’s stock valued at $2,732,000 after purchasing an additional 25,000 shares during the period. Argent Capital Management LLC purchased a new stake in shares of Cardtronics in the first quarter valued at about $1,972,000. Piedmont Investment Advisors Inc. grew its holdings in shares of Cardtronics by 6.1% in the first quarter. Piedmont Investment Advisors Inc. now owns 9,477 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 548 shares during the period. Citigroup Inc. grew its holdings in shares of Cardtronics by 203.6% in the first quarter. Citigroup Inc. now owns 50,414 shares of the business services provider’s stock valued at $1,794,000 after purchasing an additional 33,807 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Cardtronics by 31.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 66,740 shares of the business services provider’s stock valued at $1,823,000 after purchasing an additional 15,940 shares during the period.

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 balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, financial institutions, and operators of facilities, such as shopping malls, airports, and train stations.

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