The stock of Cardtronics PLC (NASDAQ:CATM) is a huge mover today! The stock increased 2.77% or $1.35 during the last trading session, hitting $50. About 681,650 shares traded hands or 65.92% up from the average. Cardtronics PLC (NASDAQ:CATM) has risen 34.43% since March 29, 2016 and is uptrending. It has outperformed by 30.95% the S&P500.
The move comes after 7 months positive chart setup for the $2.19B company. It was reported on Oct, 31 by Barchart.com. We have $80.00 PT which if reached, will make NASDAQ:CATM worth $1.31 billion more.
Analysts await Cardtronics PLC (NASDAQ:CATM) to report earnings on November, 3. They expect $0.82 earnings per share, up 15.49% or $0.11 from last year’s $0.71 per share. CATM’s profit will be $35.92M for 15.24 P/E if the $0.82 EPS becomes a reality. After $0.72 actual earnings per share reported by Cardtronics PLC for the previous quarter, Wall Street now forecasts 13.89% EPS growth.
Cardtronics PLC (NASDAQ:CATM) Ratings Coverage
Out of 5 analysts covering Cardtronics (NASDAQ:CATM), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Cardtronics has been the topic of 8 analyst reports since August 14, 2015 according to StockzIntelligence Inc. JP Morgan maintained the stock with “Overweight” rating in Friday, August 14 report. The firm has “Buy” rating given on Friday, March 18 by Jefferies. Bank of America initiated the shares of CATM in a report on Friday, December 11 with “Neutral” rating. The rating was downgraded by Barrington Research on Friday, July 29 to “Market Perform”. Feltl & Co initiated the shares of CATM in a report on Thursday, September 22 with “Buy” rating. As per Friday, August 19, the company rating was downgraded by JP Morgan.
According to Zacks Investment Research, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.78 in 2016 Q2. Its down 0.26, from 1.04 in 2016Q1. The ratio is negative, as 54 funds sold all Cardtronics PLC shares owned while 49 reduced positions. 18 funds bought stakes while 62 increased positions. They now own 40.13 million shares or 22.85% less from 52.01 million shares in 2016Q1.
Suntrust Banks has 6,550 shares for 0% of their US portfolio. Logan Management has invested 0.03% of its portfolio in Cardtronics PLC (NASDAQ:CATM). Numeric Limited Liability Com last reported 48,900 shares in the company. Deutsche Comml Bank Ag owns 394,964 shares or 0.01% of their US portfolio. Clearbridge Investments Ltd Liability Corporation owns 818,793 shares or 0.04% of their US portfolio. Glenmede Trust Na holds 858,727 shares or 0.21% of its portfolio. Fmr Ltd reported 2.12M shares or 0.01% of all its holdings. The North Carolina-based Bank Of America De has invested 0.01% in Cardtronics PLC (NASDAQ:CATM). Teacher Retirement System Of Texas has 0% invested in the company for 6,266 shares. Pear Tree Advsrs Inc holds 0.77% of its portfolio in Cardtronics PLC (NASDAQ:CATM) for 46,183 shares. Schwab Charles Inv Management Inc has 0.01% invested in the company for 217,975 shares. The New York-based Gotham Asset Limited Liability Com has invested 0.04% in Cardtronics PLC (NASDAQ:CATM). Comerica State Bank has invested 0.02% of its portfolio in Cardtronics PLC (NASDAQ:CATM). Sei last reported 1,665 shares in the company. Ahl Prtnrs Limited Liability Partnership, a United Kingdom-based fund reported 64,326 shares.
Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 1 sale for $329,522 net activity. Updyke Rick had sold 17,910 shares worth $717,116. Garcia Gerardo sold $329,522 worth of stock or 8,588 shares.
More news for Cardtronics PLC (NASDAQ:CATM) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on December 21, 2009. Reuters.com‘s article titled: “Cardtronics to buy DirectCash Payments in $460 million deal” and published on October 03, 2016 is yet another important article.
CATM Company Profile
Cardtronics PLC, formerly Cardtronics, Inc., incorporated on June 4, 2001, is a well-known provider of automated consumer financial services. The Firm provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Company’s activities consisted of its North America and Europe divisions. The Company’s North America segment includes activities in all 50 states, Puerto Rico, Canada and Mexico. The Company’s Europe segment includes its activities in the United Kingdom, Germany and Poland. The Firm provides its services to approximately 190,000 devices across its portfolio, which included approximately 168,300 devices located in all 50 states of the United States (U.S.) (including the U.S. territory of Puerto Rico), approximately 15,700 devices throughout the United Kingdom (U.K.), approximately 1,100 devices throughout Germany and Poland, approximately 3,300 devices throughout Canada and approximately 1,400 devices throughout Mexico. In the United States, certain of the Company’s devices are multi-function financial services kiosks that, in addition to traditional ATM functions, such as cash dispensing and bank account balance inquiries, perform other consumer financial services, including bill payments, check cashing, remote deposit capture (which is deposit taking at ATMs using electronic imaging), and money transfers. Also included in the number of devices in its network are approximately 112,600 ATMs to which the Company provides various forms of managed services solutions. Under the managed services arrangement, retailers, financial institutions and ATM distributors rely on the Company to handle some or all of the operational aspects associated with operating and maintaining ATMs.
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