35,149 Shares in Cardinal Infrastructure Group Inc. $CDNL Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS purchased a new position in Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,149 shares of the company’s stock, valued at approximately $850,000.

Separately, Taylor Frigon Capital Management LLC bought a new stake in Cardinal Infrastructure Group in the fourth quarter worth $1,209,000.

Cardinal Infrastructure Group Stock Performance

NASDAQ CDNL opened at $54.69 on Monday. The business has a 50-day moving average of $39.18. Cardinal Infrastructure Group Inc. has a 12 month low of $21.98 and a 12 month high of $55.47.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Stifel Nicolaus restated a “buy” rating and issued a $41.00 price target (up from $38.00) on shares of Cardinal Infrastructure Group in a research report on Monday, March 30th. DA Davidson boosted their price target on shares of Cardinal Infrastructure Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Weiss Ratings assumed coverage on shares of Cardinal Infrastructure Group in a research report on Monday, March 9th. They issued a “sell (e)” rating on the stock. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Insider Activity at Cardinal Infrastructure Group

In related news, Director Ivy Zelman purchased 6,921 shares of the business’s stock in a transaction dated Thursday, March 26th. The shares were purchased at an average cost of $36.33 per share, for a total transaction of $251,439.93. Following the completion of the acquisition, the director owned 15,326 shares in the company, valued at approximately $556,793.58. This trade represents a 82.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 61.70% of the company’s stock.

Cardinal Infrastructure Group Profile

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.