Today’s Stock On Watch: Time to Buy Cardtronics PLC After Today’s Big Increase?

Today's Stock On Watch: Time to Buy Cardtronics PLC After Today's Big Increase?

The stock of Cardtronics PLC (NASDAQ:CATM) is a huge mover today! About 306,373 shares traded hands. Cardtronics PLC (NASDAQ:CATM) has risen 32.27% since February 29, 2016 and is uptrending. It has outperformed by 20.05% the S&P500.
The move comes after 6 months positive chart setup for the $2.13 billion company. It was reported on Oct, 3 by Barchart.com. We have $71.18 PT which if reached, will make NASDAQ:CATM worth $1.09 billion more.

Analysts await Cardtronics PLC (NASDAQ:CATM) to report earnings on November, 3. They expect $0.82 EPS, up 15.49% or $0.11 from last year’s $0.71 per share. CATM’s profit will be $37.05 million for 14.37 P/E if the $0.82 EPS becomes a reality. After $0.72 actual EPS 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. The rating was downgraded by JP Morgan on Friday, August 19 to “Neutral”. The rating was maintained by JP Morgan on Friday, August 14 with “Overweight”. The firm has “Buy” rating given on Thursday, September 22 by Feltl & Co. Jefferies maintained Cardtronics PLC (NASDAQ:CATM) on Friday, March 18 with “Buy” rating. On Friday, July 29 the stock rating was downgraded by Barrington Research to “Market Perform”. The company was initiated on Friday, December 11 by Bank of America.

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 worsened, 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.
Northern Tru has 503,880 shares for 0.01% of their US portfolio. Somerset Tru has 12,072 shares for 0.3% of their US portfolio. Shell Asset Management has invested 0.04% of its portfolio in Cardtronics PLC (NASDAQ:CATM). New York State Teachers Retirement Sys last reported 84,396 shares in the company. Atlantic Tru Lc holds 0.08% or 275,240 shares in its portfolio. Citadel Limited Liability reported 13,597 shares or 0% of all its holdings. Blackrock Inv Ltd Liability Corporation reported 188,852 shares or 0.01% of all its holdings. State Of Tennessee Treasury Department owns 65,537 shares or 0.01% of their US portfolio. Schroder Invest Mngmt Group Incorporated owns 1,000 shares or 0% of their US portfolio. Pacad Inv Ltd last reported 0.01% of its portfolio in the stock. Voya Inv Mgmt Ltd Co accumulated 0.11% or 1.11M shares. Allianz Asset Mngmt Ag holds 40,006 shares or 0% of its portfolio. Van Berkom & Assocs has invested 2.59% of its portfolio in Cardtronics PLC (NASDAQ:CATM). Arrowgrass Capital Prns (Us) Lp, a New York-based fund reported 134,370 shares. Tiaa Cref Mngmt Llc has 142,180 shares for 0% of their US portfolio.

Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 2 insider sales for $1.05 million net activity. Garcia Gerardo also sold $329,522 worth of Cardtronics PLC (NASDAQ:CATM) shares. The insider Updyke Rick sold 17,910 shares worth $717,116.

More important recent Cardtronics PLC (NASDAQ:CATM) news were published by: Reuters.com which released: “Cardtronics to buy DirectCash Payments in $460 million deal” on October 03, 2016, also Marketwatch.com published article titled: “/quotes/zigman/3870025/realtime”, Globenewswire.com published: “Cardtronics Announces Plan to Redomicile in the United Kingdom” on April 27, 2016. More interesting news about Cardtronics PLC (NASDAQ:CATM) was released by: Reuters.com and their article: “BRIEF-Allergan Plc enters licensing agreement with Astrazeneca for worldwi…” with publication date: October 03, 2016.

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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