State of Tennessee Treasury Department Purchases 9,337 Shares of Cardtronics PLC (NASDAQ:CATM)

State of Tennessee Treasury Department boosted its position in Cardtronics PLC (NASDAQ:CATM) by 61.8% during the third quarter, Holdings Channel.com reports. The fund owned 24,439 shares of the business services provider’s stock after acquiring an additional 9,337 shares during the period. State of Tennessee Treasury Department’s holdings in Cardtronics were worth $739,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CATM. Cortina Asset Management LLC grew its holdings in Cardtronics by 111.3% in the 2nd quarter. Cortina Asset Management LLC now owns 390,593 shares of the business services provider’s stock worth $10,671,000 after acquiring an additional 205,735 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Cardtronics during the 2nd quarter valued at about $2,210,000. CWM Advisors LLC boosted its stake in shares of Cardtronics by 30.4% during the 2nd quarter. CWM Advisors LLC now owns 7,482 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 1,744 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Cardtronics by 31.4% during the 2nd 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 in the last quarter. Finally, Convergence Investment Partners LLC boosted its stake in shares of Cardtronics by 19.2% during the 2nd quarter. Convergence Investment Partners LLC now owns 9,184 shares of the business services provider’s stock valued at $251,000 after purchasing an additional 1,480 shares in the last quarter.

A number of equities research analysts have recently weighed in on CATM shares. BidaskClub raised shares of Cardtronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th. Barrington Research reaffirmed a “buy” rating and set a $40.00 target price on shares of Cardtronics in a research note on Thursday, October 31st. Zacks Investment Research raised shares of Cardtronics from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Monday, November 4th. Finally, DA Davidson lifted their target price on shares of Cardtronics to $46.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $41.50.

Shares of CATM opened at $39.92 on Friday. The firm’s 50-day moving average price is $33.55 and its 200-day moving average price is $31.14. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 4.84 and a beta of 1.33. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 2.37. Cardtronics PLC has a 1-year low of $23.57 and a 1-year high of $40.81.

Cardtronics (NASDAQ:CATM) last announced its earnings results on Wednesday, October 30th. The business services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.16. The firm had revenue of $351.51 million for the quarter, compared to analyst estimates of $349.57 million. Cardtronics had a net margin of 2.21% and a return on equity of 24.63%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, research analysts forecast that Cardtronics PLC will post 2.07 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Cardtronics (NASDAQ:CATM)

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