Piedmont Investment Advisors Inc. Trims Holdings in Cardtronics PLC (CATM)

Piedmont Investment Advisors Inc. decreased its position in shares of Cardtronics PLC (NASDAQ:CATM) by 18.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,639 shares of the business services provider’s stock after selling 1,954 shares during the quarter. Piedmont Investment Advisors Inc.’s holdings in Cardtronics were worth $273,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CATM. JPMorgan Chase & Co. lifted its holdings in Cardtronics by 659.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 500,418 shares of the business services provider’s stock worth $15,833,000 after buying an additional 434,511 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Cardtronics by 57.6% in the 2nd quarter. Bank of America Corp DE now owns 990,660 shares of the business services provider’s stock valued at $23,954,000 after purchasing an additional 362,180 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Cardtronics in the 3rd quarter valued at $10,695,000. Millennium Management LLC acquired a new position in shares of Cardtronics in the 2nd quarter valued at $7,152,000. Finally, BlackRock Inc. lifted its stake in shares of Cardtronics by 3.9% in the 2nd quarter. BlackRock Inc. now owns 6,018,114 shares of the business services provider’s stock valued at $145,519,000 after purchasing an additional 224,208 shares during the period.

CATM stock opened at $30.77 on Monday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a market capitalization of $1.42 billion, a PE ratio of 11.11, a P/E/G ratio of 1.42 and a beta of 1.26. Cardtronics PLC has a twelve month low of $17.07 and a twelve month high of $39.10.

Cardtronics (NASDAQ:CATM) last posted its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.20. Cardtronics had a return on equity of 24.77% and a net margin of 1.86%. The company had revenue of $340.18 million for the quarter, compared to the consensus estimate of $319.30 million. During the same quarter in the prior year, the business posted $0.96 EPS. The firm’s quarterly revenue was down 15.4% on a year-over-year basis. On average, analysts expect that Cardtronics PLC will post 1.81 earnings per share for the current fiscal year.

CATM has been the topic of a number of analyst reports. Zacks Investment Research downgraded Cardtronics from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Barclays initiated coverage on Cardtronics in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $41.00 price target on the stock. BidaskClub raised Cardtronics from a “hold” rating to a “buy” rating in a research note on Saturday, August 25th. ValuEngine downgraded Cardtronics from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd. Finally, TheStreet raised Cardtronics from a “d+” rating to a “c-” rating in a research note on Monday, August 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $33.00.

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Cardtronics 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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Institutional Ownership by Quarter for Cardtronics (NASDAQ:CATM)

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