Cardtronics PLC (NASDAQ:CATM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “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. “

CATM has been the topic of a number of other reports. Bank of America Corporation lowered their price objective on Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, July 7th. BidaskClub cut Cardtronics PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Lake Street Capital cut Cardtronics PLC from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $31.00 in a research report on Tuesday, September 26th. Finally, William Blair cut Cardtronics PLC from an “outperform” rating to a “market perform” rating in a research report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $41.00.

Shares of Cardtronics PLC (NASDAQ:CATM) traded up 2.84% during trading on Tuesday, reaching $24.24. The company had a trading volume of 316,726 shares. The firm has a market capitalization of $1.11 billion, a PE ratio of 16.73 and a beta of 0.77. Cardtronics PLC has a 12 month low of $22.83 and a 12 month high of $56.00. The stock has a 50 day moving average price of $26.19 and a 200 day moving average price of $33.66.

Cardtronics PLC (NASDAQ:CATM) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $385.11 million for the quarter, compared to analysts’ expectations of $379.03 million. Cardtronics PLC had a return on equity of 28.23% and a net margin of 4.83%. Cardtronics PLC’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. On average, equities research analysts forecast that Cardtronics PLC will post $2.80 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in CATM. Riverhead Capital Management LLC boosted its stake in Cardtronics PLC by 77.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,731 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,631 shares in the last quarter. Flinton Capital Management LLC boosted its stake in Cardtronics PLC by 69.8% in the 2nd quarter. Flinton Capital Management LLC now owns 4,088 shares of the business services provider’s stock valued at $134,000 after buying an additional 1,680 shares in the last quarter. Petrus Trust Company LTA boosted its stake in Cardtronics PLC by 1.7% in the 2nd quarter. Petrus Trust Company LTA now owns 6,191 shares of the business services provider’s stock valued at $203,000 after buying an additional 104 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Cardtronics PLC in the 2nd quarter valued at $205,000. Finally, Amalgamated Bank boosted its stake in Cardtronics PLC by 5.6% in the 2nd quarter. Amalgamated Bank now owns 6,294 shares of the business services provider’s stock valued at $207,000 after buying an additional 331 shares in the last quarter.

About Cardtronics PLC

Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.

Analyst Recommendations for Cardtronics PLC (NASDAQ:CATM)

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