Kornitzer Capital Management Inc. KS Takes $1.05 Million Position in CPI Card Group Inc. (NASDAQ:PMTS)

Kornitzer Capital Management Inc. KS purchased a new stake in CPI Card Group Inc. (NASDAQ:PMTS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 35,000 shares of the company’s stock, valued at approximately $1,046,000. Kornitzer Capital Management Inc. KS owned approximately 0.31% of CPI Card Group as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of CPI Card Group in the 3rd quarter valued at about $305,000. Geode Capital Management LLC increased its holdings in CPI Card Group by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 108,629 shares of the company’s stock valued at $3,024,000 after acquiring an additional 2,828 shares in the last quarter. Ritholtz Wealth Management increased its holdings in CPI Card Group by 16.9% during the 4th quarter. Ritholtz Wealth Management now owns 18,840 shares of the company’s stock valued at $563,000 after acquiring an additional 2,723 shares in the last quarter. Barclays PLC increased its holdings in CPI Card Group by 251.2% during the 3rd quarter. Barclays PLC now owns 7,330 shares of the company’s stock valued at $205,000 after acquiring an additional 5,243 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in CPI Card Group during the 3rd quarter valued at about $205,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

CPI Card Group Price Performance

CPI Card Group stock opened at $30.33 on Thursday. CPI Card Group Inc. has a 12-month low of $15.00 and a 12-month high of $35.19. The stock has a market capitalization of $338.48 million, a P/E ratio of 23.15 and a beta of 1.43. The firm’s 50-day moving average is $30.55 and its two-hundred day moving average is $28.07.

Insiders Place Their Bets

In related news, Director H Sanford Riley bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average cost of $32.51 per share, with a total value of $65,020.00. Following the completion of the transaction, the director now owns 9,500 shares of the company’s stock, valued at approximately $308,845. The trade was a 26.67 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PMTS shares. DA Davidson started coverage on shares of CPI Card Group in a report on Friday, November 22nd. They set a “buy” rating and a $36.00 target price for the company. Lake Street Capital raised their target price on shares of CPI Card Group from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $37.67.

About CPI Card Group

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.