AYAL Capital Advisors Ltd Purchases New Shares in Cardinal Infrastructure Group Inc. $CDNL

AYAL Capital Advisors Ltd 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 94,200 shares of the company’s stock, valued at approximately $2,278,000. AYAL Capital Advisors Ltd owned 0.26% of Cardinal Infrastructure Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Schonfeld Strategic Advisors LLC acquired a new position in Cardinal Infrastructure Group during the 4th quarter worth approximately $31,082,000. Wasatch Advisors LP bought a new position in Cardinal Infrastructure Group during the 4th quarter worth approximately $16,539,000. Adage Capital Partners GP L.L.C. bought a new position in Cardinal Infrastructure Group during the 4th quarter worth approximately $14,992,000. TimesSquare Capital Management LLC bought a new position in Cardinal Infrastructure Group during the 4th quarter worth approximately $14,612,000. Finally, Lord Abbett & CO. LLC bought a new position in Cardinal Infrastructure Group during the 4th quarter worth approximately $9,265,000.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several brokerages have recently commented on CDNL. 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 lifted their price objective on shares of Cardinal Infrastructure Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Oppenheimer lifted their price objective on shares of Cardinal Infrastructure Group from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday. Zacks Research cut Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Stifel Nicolaus lifted their target price on Cardinal Infrastructure Group from $41.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $59.33.

Cardinal Infrastructure Group Stock Up 6.0%

Shares of NASDAQ CDNL opened at $74.89 on Thursday. Cardinal Infrastructure Group Inc. has a 12 month low of $21.98 and a 12 month high of $77.44. The stock’s 50-day simple moving average is $53.99.

Cardinal Infrastructure Group (NASDAQ:CDNL) last issued its earnings results on Monday, March 23rd. The company reported $1.98 earnings per share (EPS) for the quarter. The firm had revenue of $418.92 million during the quarter. Sell-side analysts anticipate that Cardinal Infrastructure Group Inc. will post 1.87 EPS 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.