Cardtronics PLC (CATM) Lowered by ValuEngine

Cardtronics PLC (CATM) Lowered by ValuEngine

Cardtronics PLC (NASDAQ:CATM) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Cardtronics PLC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 14th. TheStreet cut Cardtronics PLC from a “b” rating to a “c+” rating in a report on Monday, May 8th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $47.75.

Shares of Cardtronics PLC (CATM) traded down 0.67% during midday trading on Friday, reaching $33.93. The company had a trading volume of 766,483 shares. Cardtronics PLC has a 1-year low of $33.56 and a 1-year high of $56.00. The stock has a market capitalization of $1.55 billion, a PE ratio of 21.72 and a beta of 0.76. The company’s 50-day moving average is $38.33 and its 200-day moving average is $47.04.

Hedge funds have recently modified their holdings of the company. Arrowgrass Capital Partners US LP boosted its position in shares of Cardtronics PLC by 12.2% in the third quarter. Arrowgrass Capital Partners US LP now owns 150,793 shares of the business services provider’s stock valued at $6,725,000 after buying an additional 16,423 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Cardtronics PLC during the fourth quarter valued at about $2,698,000. Polianta Ltd bought a new position in shares of Cardtronics PLC during the fourth quarter valued at about $1,173,000. Handelsbanken Fonder AB bought a new position in shares of Cardtronics PLC during the fourth quarter valued at about $12,278,000. Finally, Comerica Bank boosted its position in shares of Cardtronics PLC by 4.9% in the fourth quarter. Comerica Bank now owns 49,160 shares of the business services provider’s stock valued at $2,709,000 after buying an additional 2,289 shares during the period.

Cardtronics PLC Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CATM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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