Notable Runner: Could Cardtronics PLC Lose its Strength? The Stock Reaches Record High

Notable Runner: Could Cardtronics PLC Lose its Strength? The Stock Reaches Record High

The stock of Cardtronics PLC (NASDAQ:CATM) reached all time high today, Nov, 14 and still has $86.42 target or 66.00% above today’s $52.06 share price. This indicates more upside for the $2.33 billion company. This technical setup was reported by Barchart.com. If the $86.42 PT is reached, the company will be worth $1.54B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 229,972 shares traded hands. Cardtronics PLC (NASDAQ:CATM) has risen 46.05% since April 12, 2016 and is uptrending. It has outperformed by 41.07% 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 company was downgraded on Friday, July 29 by Barrington Research. The stock of Cardtronics PLC (NASDAQ:CATM) earned “Neutral” rating by JP Morgan on Friday, August 19. The stock of Cardtronics PLC (NASDAQ:CATM) earned “Buy” rating by Feltl & Co on Thursday, September 22. The rating was maintained by Jefferies on Friday, March 18 with “Buy”. JP Morgan maintained Cardtronics PLC (NASDAQ:CATM) rating on Friday, August 14. JP Morgan has “Overweight” rating and $44 price target. The firm has “Neutral” rating given 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 Q2 2016. Its down 0.26, from 1.04 in 2016Q1. The ratio dived, 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.
Fmr Limited Liability accumulated 2.12M shares or 0.01% of the stock. Putnam Invests Ltd has 0.01% invested in the company for 81,961 shares. The New York-based Summit Secs Grp Inc Ltd Limited Liability Company has invested 0.2% in Cardtronics PLC (NASDAQ:CATM). Price T Rowe Associate Incorporated Md last reported 467,964 shares in the company. Cambiar Ltd Company accumulated 0.39% or 694,158 shares. Invesco Ltd has 194,573 shares for 0% of their US portfolio. Hancock, a Mississippi-based fund reported 284,115 shares. Pinebridge Investments L P holds 0.01% or 5,735 shares in its portfolio. California Public Employees Retirement Sys last reported 177,000 shares in the company. The Pennsylvania-based Somerset Tru Commerce has invested 0.3% in Cardtronics PLC (NASDAQ:CATM). Columbia Prns L L C Inv Mngmt reported 156,650 shares or 0.46% of all its holdings. Moreover, Raymond James And Associates has 0% invested in Cardtronics PLC (NASDAQ:CATM) for 19,292 shares. Company Of Vermont accumulated 155 shares or 0% of the stock. Advisory Ser Network Ltd Limited Liability Company holds 40 shares or 0% of its portfolio. Van Berkom And Assocs last reported 1.42 million shares in the company.

Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 1 sale for $329,522 net activity. Another trade for 8,588 shares valued at $329,522 was sold by Garcia Gerardo.

More news for Cardtronics PLC (NASDAQ:CATM) were recently published by: Reuters.com, which released: “BRIEF-Vanguard Group reports 10.21 percent passive stake in Cardtronics Pl…” on November 10, 2016. Marketwatch.com‘s article titled: “/quotes/zigman/3870025/realtime” and published on December 21, 2009 is yet another important article.

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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