CPI Card Group Inc. (NASDAQ:PMTS) Stock Position Lifted by Citadel Advisors LLC

Citadel Advisors LLC grew its position in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 317.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,540 shares of the company's stock after buying an additional 26,264 shares during the period. Citadel Advisors LLC owned 0.31% of CPI Card Group worth $1,032,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of CPI Card Group by 1,635.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock valued at $49,000 after buying an additional 1,554 shares in the last quarter. Wells Fargo & Company MN boosted its stake in CPI Card Group by 44.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after purchasing an additional 776 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in CPI Card Group by 355.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company's stock worth $80,000 after purchasing an additional 2,080 shares in the last quarter. IFP Advisors Inc boosted its stake in CPI Card Group by 96.6% in the 4th quarter. IFP Advisors Inc now owns 3,048 shares of the company's stock worth $91,000 after purchasing an additional 1,498 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in CPI Card Group in the 4th quarter worth approximately $104,000. 22.08% of the stock is currently owned by institutional investors.

CPI Card Group Price Performance

PMTS traded up $0.44 during trading on Thursday, reaching $22.14. 41,164 shares of the company's stock were exchanged, compared to its average volume of 36,355. CPI Card Group Inc. has a 1 year low of $18.46 and a 1 year high of $35.19. The stock has a market capitalization of $249.76 million, a P/E ratio of 16.90 and a beta of 1.77. The company's fifty day simple moving average is $24.75 and its 200-day simple moving average is $28.40.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last posted its quarterly 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 negative return on equity of 46.90% and a net margin of 3.38%. The business had revenue of $122.76 million for the quarter, compared to analysts' expectations of $120.90 million. Equities analysts forecast that CPI Card Group Inc. will post 1.63 EPS for the current year.

Analysts Set New Price Targets

PMTS has been the subject of a number of recent analyst reports. DA Davidson lifted 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 note on Wednesday, March 5th. Lake Street Capital lowered their target price on shares of CPI Card Group from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. B. Riley lifted their target price on shares of CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Wall Street Zen cut shares of CPI Card Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Roth Mkm reiterated a "buy" rating and issued a $40.00 target price on shares of CPI Card Group in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $36.75.

Insider Activity

In other news, Chairman H Sanford Riley bought 15,000 shares of the business's stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $21.51 per share, with a total value of $322,650.00. Following the acquisition, the chairman now directly owns 19,966 shares in the company, valued at $429,468.66. This trade represents a 302.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company's stock.

CPI Card Group 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.