Renaissance Technologies LLC trimmed its position in Cardtronics, Inc. (NASDAQ:CATM) by 55.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,200 shares of the business services provider’s stock after selling 336,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.58% of Cardtronics worth $4,949,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Cardtronics in the third quarter worth about $180,000. Alps Advisors Inc. purchased a new stake in shares of Cardtronics in the fourth quarter worth about $209,000. Teacher Retirement System of Texas purchased a new stake in shares of Cardtronics in the fourth quarter worth about $286,000. Stoneridge Investment Partners LLC lifted its holdings in shares of Cardtronics by 48.2% in the fourth quarter. Stoneridge Investment Partners LLC now owns 21,373 shares of the business services provider’s stock worth $396,000 after buying an additional 6,947 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings in shares of Cardtronics by 343.6% in the fourth quarter. Pinebridge Investments L.P. now owns 25,135 shares of the business services provider’s stock worth $466,000 after buying an additional 19,469 shares in the last quarter.
A number of equities research analysts have recently issued reports on CATM shares. SunTrust Banks increased their price target on shares of Cardtronics to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. BidaskClub raised shares of Cardtronics from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. ValuEngine raised shares of Cardtronics from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Barrington Research reissued a “hold” rating on shares of Cardtronics in a report on Sunday, February 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.25.
In other Cardtronics news, EVP Joseph Bradley Nolan purchased 5,725 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were purchased at an average cost of $26.16 per share, with a total value of $149,766.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hudson Executive Capital Lp purchased 322,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were acquired at an average cost of $23.32 per share, for a total transaction of $7,509,040.00. The disclosure for this purchase can be found here. Insiders purchased 1,349,180 shares of company stock worth $31,645,923 over the last ninety days. 0.60% of the stock is currently owned by insiders.
Shares of CATM opened at $24.60 on Tuesday. The company has a market capitalization of $1,103.02, a P/E ratio of 8.88, a P/E/G ratio of 1.83 and a beta of 0.89. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 2.35. Cardtronics, Inc. has a 1-year low of $15.80 and a 1-year high of $45.10.
Cardtronics (NASDAQ:CATM) last announced its earnings results on Tuesday, February 20th. The business services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.18. The business had revenue of $363.00 million for the quarter, compared to the consensus estimate of $340.23 million. Cardtronics had a negative net margin of 9.64% and a positive return on equity of 29.93%. Cardtronics’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.79 earnings per share. analysts anticipate that Cardtronics, Inc. will post 1.19 EPS for the current fiscal year.
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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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