102,989 Shares in Cardinal Infrastructure Group Inc. $CDNL Acquired by Brant Point Investment Management LLC

Brant Point Investment Management LLC acquired a new position in shares of Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 102,989 shares of the company’s stock, valued at approximately $2,490,000. Brant Point Investment Management LLC owned approximately 0.28% of Cardinal Infrastructure Group as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Zuckerman Investment Group LLC bought a new position in shares of Cardinal Infrastructure Group during the 4th quarter worth approximately $242,000. HRT Financial LP bought a new position in shares of Cardinal Infrastructure Group during the 4th quarter worth approximately $586,000. Jane Street Group LLC bought a new position in shares of Cardinal Infrastructure Group during the 4th quarter worth approximately $771,000. Kornitzer Capital Management Inc. KS bought a new position in shares of Cardinal Infrastructure Group during the 4th quarter worth approximately $850,000. Finally, Taylor Frigon Capital Management LLC bought a new position in shares of Cardinal Infrastructure Group during the 4th quarter worth approximately $1,209,000.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Cardinal Infrastructure Group news, Director Ivy Zelman acquired 6,921 shares of the business’s stock in a transaction dated Thursday, March 26th. The shares were purchased at an average price of $36.33 per share, for a total transaction of $251,439.93. Following the completion of the purchase, the director directly owned 15,326 shares of the company’s stock, valued at $556,793.58. The trade was a 82.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Benjamin Wood acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average price of $51.30 per share, for a total transaction of $1,026,000.00. Following the purchase, the chief operating officer directly owned 20,000 shares of the company’s stock, valued at approximately $1,026,000. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 61.70% of the stock is owned by corporate insiders.

Cardinal Infrastructure Group Trading Up 5.3%

NASDAQ:CDNL opened at $68.73 on Friday. Cardinal Infrastructure Group Inc. has a twelve month low of $21.98 and a twelve month high of $69.29. The stock’s 50 day moving average is $52.17.

Cardinal Infrastructure Group (NASDAQ:CDNL) last released its earnings results on Monday, March 23rd. The company reported $1.98 earnings per share for the quarter. The company had revenue of $418.92 million for the quarter. On average, equities research analysts expect that Cardinal Infrastructure Group Inc. will post 1.84 earnings per share for the current year.

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.