The stock of Cardtronics PLC (NASDAQ:CATM) hit a new 52-week high and has $71.47 target or 40.00% above today’s $51.05 share price. The 7 months bullish chart indicates low risk for the $2.31B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $71.47 price target is reached, the company will be worth $924.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 235,663 shares traded hands. Cardtronics PLC (NASDAQ:CATM) has risen 39.98% since April 11, 2016 and is uptrending. It has outperformed by 33.83% the S&P500.
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. The firm earned “Neutral” rating on Friday, August 19 by JP Morgan. The firm has “Buy” rating given on Thursday, September 22 by Feltl & Co. The firm has “Market Perform” rating by Barrington Research given on Friday, July 29. The stock of Cardtronics PLC (NASDAQ:CATM) has “Overweight” rating given on Friday, August 14 by JP Morgan. The firm has “Neutral” rating by Bank of America given on Friday, December 11. Jefferies maintained the stock with “Buy” rating in Friday, March 18 report.
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 Q2 2016. Its down 0.26, from 1.04 in 2016Q1. The ratio turned 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.
Thompson Siegel & Walmsley Ltd Llc holds 194,204 shares or 0.12% of its portfolio. Columbia Ptnrs L L C Invest holds 0.46% of its portfolio in Cardtronics PLC (NASDAQ:CATM) for 156,650 shares. Rdl Fincl has 1.26% invested in the company for 42,945 shares. Northern reported 503,880 shares or 0.01% of all its holdings. Morgan Stanley accumulated 94,377 shares or 0% of the stock. Price T Rowe Md has 0% invested in the company for 467,964 shares. Citadel Advsr Limited Co has 13,597 shares for 0% of their US portfolio. Bnp Paribas Arbitrage last reported 15,280 shares in the company. Logan last reported 0.03% of its portfolio in the stock. Arcadia Mi last reported 0.01% of its portfolio in the stock. Fmr Ltd Limited Liability Company has invested 0.01% of its portfolio in Cardtronics PLC (NASDAQ:CATM). Deutsche Commercial Bank Ag has 0.01% invested in the company for 394,964 shares. Hancock Holdg reported 284,115 shares or 0.47% of all its holdings. Virginia Retirement Et Al holds 0.01% of its portfolio in Cardtronics PLC (NASDAQ:CATM) for 22,100 shares. Atlantic Grp Ltd Llc last reported 275,240 shares in the company.
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 1 sale for $329,522 net activity. $329,522 worth of Cardtronics PLC (NASDAQ:CATM) shares were sold by Garcia Gerardo.
More recent Cardtronics PLC (NASDAQ:CATM) news were published by: Reuters.com which released: “BRIEF-Vanguard Group reports 10.21 percent passive stake in Cardtronics Pl…” on November 10, 2016. Also Marketwatch.com published the news titled: “Plus the latest data from Realtor.com on 21 home markets across the US” on December 21, 2009. Reuters.com‘s news article titled: “Cardtronics to buy DirectCash Payments in $460 million deal” with publication date: October 03, 2016 was also an interesting one.
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.