Zacks Investment Research lowered shares of Cardtronics (NASDAQ:CATM) from a buy rating to a hold rating in a report released on Monday morning, Zacks.com reports.

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 several other research reports. ValuEngine cut Zynerba Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, May 28th. DA Davidson assumed coverage on Cardtronics in a research report on Thursday, May 30th. They set a buy rating on the stock. BidaskClub raised ZIOPHARM Oncology from a buy rating to a strong-buy rating in a research report on Monday, June 17th. Wells Fargo & Co set a $14.00 target price on Osmotica Pharmaceuticals and gave the company a buy rating in a research report on Thursday, March 28th. Finally, Barrington Research set a $68.00 target price on WNS and gave the company a buy rating in a research report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $40.25.

Shares of NASDAQ:CATM traded down $0.79 during mid-day trading on Monday, hitting $27.80. 7,391 shares of the company traded hands, compared to its average volume of 384,254. The stock has a market cap of $1.30 billion, a PE ratio of 15.13, a P/E/G ratio of 3.99 and a beta of 1.24. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.74 and a current ratio of 0.77. Cardtronics has a 12-month low of $23.57 and a 12-month high of $39.10. The firm’s 50-day moving average price is $29.25.

Cardtronics (NASDAQ:CATM) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.11. The company had revenue of $318.30 million for the quarter, compared to analysts’ expectations of $310.99 million. Cardtronics had a return on equity of 20.70% and a net margin of 0.81%. Cardtronics’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. As a group, research analysts forecast that Cardtronics will post 1.76 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Hennessy Advisors Inc. purchased a new position in Cardtronics during the second quarter worth about $2,210,000. Cortina Asset Management LLC grew its position in Cardtronics by 111.3% during the second quarter. Cortina Asset Management LLC now owns 390,593 shares of the business services provider’s stock worth $10,671,000 after buying an additional 205,735 shares in the last quarter. Clearbridge Investments LLC grew its position in Cardtronics by 8.5% during the first quarter. Clearbridge Investments LLC now owns 2,008,352 shares of the business services provider’s stock worth $71,457,000 after buying an additional 157,579 shares in the last quarter. Citigroup Inc. grew its position in Cardtronics by 203.6% during the first quarter. Citigroup Inc. now owns 50,414 shares of the business services provider’s stock worth $1,794,000 after buying an additional 33,807 shares in the last quarter. Finally, AlphaCrest Capital Management LLC purchased a new position in Cardtronics during the first quarter worth about $274,000.

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.

See Also: Market Perform

Get a free copy of the Zacks research report on Cardtronics (CATM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cardtronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardtronics and related companies with MarketBeat.com's FREE daily email newsletter.