How BofA Merrill Currently Rates Cardtronics (NASDAQ:CATM)
BofA Merrill commenced coverage coverage on Cardtronics (NASDAQ:CATM) shares recently in recent note disseminated on Friday morning. The financial firm has decided to place a “Neutral” rating on CATM stock.
From a total of 6 analysts covering Cardtronics (NASDAQ:CATM) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 89% of the ratings are positive. The highest target price is $47 while the lowest target price is $39. The mean of all analyst targets is $43.5 with a 28.46% above today’s ($35.42) stock price. Cardtronics was the topic of 2 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on August 14 with “Overweight” rating.
Approximately 60,265 shares of stock traded hands. Cardtronics, Inc. (NASDAQ:CATM) has declined 5.24% since May 8, 2015 and is downtrending. It has underperformed by 2.22% the S&P500.
The overall sentiment of institutions has increased to 1.15 in Q2 2015. Its up 0.06, from 1.09 in 2015Q2. The ratio is positive, as 32 institutions have sold all the shares of Cardtronics, Inc. that they owned while 63 funds have taken shares off the table. 21 funds have purchased shares for the first time while 88 added to their positions. These institutions now hold 61.70 million shares or 19.87% more than the 51.47 million shares they owned in 2015Q2.
The Fund Snyder Capital Management L P currently is holding shares equating to 2.74% of its total portfolio in Cardtronics, Inc. representing a total of 1.29 million shares. Another fund,Van Berkom & Associates Inc., is holding a total of 1.53 million shares equating to 2.51% of their holdings. Additionally, Tamro Capital Partners Llc has a 605,177 share stake in Cardtronics, Inc. which represents 2.25% of their total portfolio. The Fund, New South Capital Management Inc, based out of Tennessee, has also built up a stake in the stock, which represents a total of 1.37% of their total portfolio. Finally Stephens Investment Management Group Llc, a fund which is based in the state of Texas reported a total holdings of 996,007 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 16, 2015, shareholders of Cardtronics, Inc. have witnessed 0 insider purchases, and a total of 1 sale equating to a net activity of approximately $335,041 . Brewster J Chris sold 10,000 shares worth approximately $335,041. Keller Michael Edward sold 3,000 shares worth approximately $111,147.
Cardtronics, Inc. provides automated consumer financial services. The company has a market cap of $1.64 billion. The Firm provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. It has 27.84 P/E ratio. The Company’s activities consist of its U.S., Europe and Other International divisions.
According to Zacks Investment Research, “Cardtronics, the world’s largest non-bank ATM operator, places ATMs with merchants of all sizes including regional and national Fortune 500 retailers throughout the United States, the United Kingdom, Canada, Mexico and Germany. Cardtronics’ financial services customer roster includes many of the largest banks and credit unions in the world, companies who leverage Cardtronics’ surcharge-free ATM branding and surcharge-free network opportunities to better serve their customers and members. Cardtronics owns/operates over 80,000 ATMs across its network, spanning multiple countries and two continents.” Get a free copy of the Zacks research report on Cardtronics, Inc. (CATM).