Cardtronics PLC (NASDAQ:CATM) saw a large increase in short interest in November. As of November 29th, there was short interest totalling 9,490,000 shares, an increase of 7.2% from the November 14th total of 8,850,000 shares. Approximately 21.5% of the company’s stock are sold short. Based on an average daily trading volume, of 459,900 shares, the days-to-cover ratio is currently 20.6 days.
In other Cardtronics news, CAO Paul A. Gullo sold 974 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.18, for a total transaction of $42,057.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 18.30% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in CATM. Arizona State Retirement System grew its position in Cardtronics by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 58,195 shares of the business services provider’s stock worth $1,590,000 after purchasing an additional 390 shares during the last quarter. Aperio Group LLC grew its position in Cardtronics by 3.4% during the 2nd quarter. Aperio Group LLC now owns 13,760 shares of the business services provider’s stock worth $376,000 after purchasing an additional 458 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Cardtronics by 1.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 31,059 shares of the business services provider’s stock worth $849,000 after purchasing an additional 468 shares during the last quarter. US Bancorp DE grew its position in Cardtronics by 18.5% during the 2nd quarter. US Bancorp DE now owns 3,137 shares of the business services provider’s stock worth $85,000 after purchasing an additional 490 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Cardtronics by 1.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,494 shares of the business services provider’s stock valued at $1,052,000 after acquiring an additional 710 shares in the last quarter.
Shares of CATM opened at $43.67 on Friday. The firm’s fifty day simple moving average is $41.58 and its 200-day simple moving average is $33.01. Cardtronics has a twelve month low of $24.76 and a twelve month high of $43.76. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 5.26 and a beta of 1.40.
Cardtronics (NASDAQ:CATM) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.16. Cardtronics had a net margin of 2.21% and a return on equity of 24.63%. The firm had revenue of $351.51 million for the quarter, compared to analyst estimates of $349.57 million. During the same period last year, the business earned $0.62 EPS. Cardtronics’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts predict that Cardtronics will post 2.07 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on CATM shares. DA Davidson raised their price objective on shares of Cardtronics from $46.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Barrington Research restated a “buy” rating and issued a $40.00 price objective on shares of Cardtronics in a report on Thursday, October 31st. Zacks Investment Research upgraded shares of Cardtronics from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Monday, November 4th. Finally, BidaskClub upgraded shares of Cardtronics from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cardtronics currently has an average rating of “Buy” and an average target price of $42.25.
About Cardtronics
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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