Aristeia Capital L.L.C. Purchases New Stake in CPI Card Group Inc. (NASDAQ:PMTS)

Aristeia Capital L.L.C. acquired a new stake in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,803 shares of the company's stock, valued at approximately $622,000. Aristeia Capital L.L.C. owned 0.19% of CPI Card Group as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PMTS. Russell Investments Group Ltd. increased its stake in CPI Card Group by 1,635.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock valued at $49,000 after purchasing an additional 1,554 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of CPI Card Group by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after acquiring an additional 776 shares during the period. Tower Research Capital LLC TRC increased its position in shares of CPI Card Group by 355.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company's stock valued at $80,000 after buying an additional 2,080 shares in the last quarter. IFP Advisors Inc grew its position in shares of CPI Card Group by 96.6% in the fourth quarter. IFP Advisors Inc now owns 3,048 shares of the company's stock valued at $91,000 after purchasing an additional 1,498 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of CPI Card Group in the fourth quarter worth approximately $104,000. 22.08% of the stock is owned by institutional investors.

CPI Card Group Price Performance

Shares of NASDAQ:PMTS traded up $0.52 on Thursday, reaching $20.70. 44,478 shares of the company traded hands, compared to its average volume of 34,625. The stock has a market capitalization of $233.19 million, a PE ratio of 15.80 and a beta of 1.77. CPI Card Group Inc. has a fifty-two week low of $18.46 and a fifty-two week high of $35.19. The company's 50 day moving average is $26.97 and its 200-day moving average is $28.64.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.16). CPI Card Group had a net margin of 3.38% and a negative return on equity of 46.90%. The firm had revenue of $122.76 million during the quarter, compared to analyst estimates of $120.90 million. As a group, analysts expect that CPI Card Group Inc. will post 1.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Roth Mkm reissued a "buy" rating and issued a $40.00 price target on shares of CPI Card Group in a research note on Wednesday, March 5th. B. Riley upped their target price on shares of CPI Card Group from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Finally, DA Davidson boosted their target price on shares of 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CPI Card Group presently has a consensus rating of "Buy" and a consensus target price 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.