20,408 Shares in CPI Card Group Inc. (NASDAQ:PMTS) Acquired by Trexquant Investment LP

Trexquant Investment LP purchased a new position in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,408 shares of the company's stock, valued at approximately $610,000. Trexquant Investment LP owned approximately 0.18% of CPI Card Group as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PMTS. Pacific Ridge Capital Partners LLC bought a new position in CPI Card Group during the fourth quarter valued at approximately $4,401,000. Geode Capital Management LLC increased its position in CPI Card Group by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 110,582 shares of the company's stock worth $3,306,000 after purchasing an additional 1,953 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in CPI Card Group during the fourth quarter valued at $3,240,000. State Street Corp lifted its position in CPI Card Group by 9.3% during the third quarter. State Street Corp now owns 73,150 shares of the company's stock valued at $2,036,000 after purchasing an additional 6,214 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of CPI Card Group by 92.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 68,220 shares of the company's stock worth $2,039,000 after buying an additional 32,784 shares in the last quarter. Hedge funds and other institutional investors own 22.08% of the company's stock.

CPI Card Group Stock Performance

NASDAQ PMTS traded up $0.48 during trading on Thursday, hitting $25.40. The stock had a trading volume of 3,461 shares, compared to its average volume of 33,526. The stock has a market capitalization of $286.13 million, a price-to-earnings ratio of 19.43 and a beta of 1.44. The stock has a 50 day simple moving average of $28.45 and a 200 day simple moving average of $28.47. CPI Card Group Inc. has a one year low of $16.08 and a one year high of $35.19.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PMTS shares. Roth Mkm reaffirmed a "buy" rating and issued a $40.00 price target on shares of CPI Card Group in a report on Wednesday, March 5th. B. Riley lifted their target price on CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, DA Davidson raised their price target on CPI Card Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CPI Card Group currently has an average rating of "Buy" and a consensus price target of $37.25.

CPI Card Group Company Profile

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.