South Dakota Investment Council Trims Position in Cardtronics PLC (NASDAQ:CATM)
South Dakota Investment Council reduced its position in shares of Cardtronics PLC (NASDAQ:CATM) by 17.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,621 shares of the business services provider’s stock after selling 30,300 shares during the period. South Dakota Investment Council owned approximately 0.31% of Cardtronics worth $3,896,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Rothschild & Co. Asset Management US Inc. lifted its stake in Cardtronics by 34.5% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 1,009,305 shares of the business services provider’s stock worth $27,574,000 after purchasing an additional 259,064 shares during the last quarter. Cortina Asset Management LLC boosted its holdings in shares of Cardtronics by 111.3% during the 2nd quarter. Cortina Asset Management LLC now owns 390,593 shares of the business services provider’s stock valued at $10,671,000 after buying an additional 205,735 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Cardtronics by 8.5% in the 1st quarter. Clearbridge Investments LLC now owns 2,008,352 shares of the business services provider’s stock worth $71,457,000 after buying an additional 157,579 shares during the last quarter. Renaissance Technologies LLC increased its stake in Cardtronics by 13.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,141,100 shares of the business services provider’s stock valued at $31,175,000 after purchasing an additional 133,500 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in Cardtronics in the 2nd quarter worth approximately $2,454,000.
In related news, insider Stuart Mackinnon sold 10,000 shares of Cardtronics stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $33.43, for a total value of $334,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Paul A. Gullo sold 1,200 shares of Cardtronics stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $33.40, for a total transaction of $40,080.00. Following the sale, the chief accounting officer now directly owns 974 shares of the company’s stock, valued at $32,531.60. The disclosure for this sale can be found here. Insiders sold a total of 14,200 shares of company stock valued at $471,850 over the last ninety days. Corporate insiders own 18.30% of the company’s stock.
Cardtronics (NASDAQ:CATM) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. The company had revenue of $340.80 million during the quarter, compared to analysts’ expectations of $331.84 million. Cardtronics had a return on equity of 21.88% and a net margin of 1.32%. Cardtronics’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Sell-side analysts anticipate that Cardtronics PLC will post 2 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on CATM. ValuEngine downgraded Cardtronics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. DA Davidson began coverage on shares of Cardtronics in a research note on Thursday, May 30th. They set a “buy” rating on the stock. BidaskClub upgraded Cardtronics from a “sell” rating to a “hold” rating in a research note on Wednesday. Barrington Research restated a “buy” rating and set a $40.00 price objective on shares of Cardtronics in a research report on Friday, August 2nd. Finally, Zacks Investment Research upgraded shares of Cardtronics from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $40.00.
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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