CenterBook Partners LP Purchases Shares of 82,459 Cardinal Infrastructure Group Inc. $CDNL

CenterBook Partners LP bought a new position in shares of Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) in the fourth quarter, Holdings Channel reports. The institutional investor bought 82,459 shares of the company’s stock, valued at approximately $1,994,000.

Several other large investors have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Cardinal Infrastructure Group during the fourth quarter worth approximately $850,000. Taylor Frigon Capital Management LLC acquired a new position in shares of Cardinal Infrastructure Group in the 4th quarter worth approximately $1,209,000. Goldman Sachs Group Inc. bought a new stake in Cardinal Infrastructure Group during the 4th quarter worth approximately $3,893,000. Finally, TimesSquare Capital Management LLC bought a new stake in Cardinal Infrastructure Group during the 4th quarter worth approximately $14,612,000.

Insider Transactions at Cardinal Infrastructure Group

In related news, Director Ivy Zelman bought 6,921 shares of the firm’s stock in a transaction dated Thursday, March 26th. The stock was bought at an average cost of $36.33 per share, for a total transaction of $251,439.93. Following the transaction, the director owned 15,326 shares of the company’s stock, valued at $556,793.58. This represents a 82.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Benjamin Wood acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average price of $51.30 per share, with a total value of $1,026,000.00. Following the acquisition, the chief operating officer owned 20,000 shares of the company’s stock, valued at approximately $1,026,000. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 61.70% of the stock is currently owned by company insiders.

Cardinal Infrastructure Group Stock Up 0.8%

Shares of NASDAQ:CDNL opened at $61.81 on Wednesday. The business’s 50 day simple moving average is $50.62. Cardinal Infrastructure Group Inc. has a one year low of $21.98 and a one year high of $66.87.

Cardinal Infrastructure Group (NASDAQ:CDNL) last announced its quarterly earnings data on Monday, March 23rd. The company reported $1.98 earnings per share (EPS) for the quarter. The business had revenue of $418.92 million during the quarter. As a group, equities research analysts forecast that Cardinal Infrastructure Group Inc. will post 1.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted their price target on Cardinal Infrastructure Group from $41.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Zacks Research downgraded shares of Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Oppenheimer assumed coverage on shares of Cardinal Infrastructure Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $60.00 price target on the stock. Weiss Ratings raised shares of Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Finally, DA Davidson boosted their price objective 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. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cardinal Infrastructure Group presently has a consensus rating of “Hold” and an average price target of $52.67.

Cardinal Infrastructure Group Company 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.