CPI Card Group Inc. (NASDAQ:PMTS) Shares Bought by Citadel Advisors LLC

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

A number of other hedge funds have also made changes to their positions in PMTS. Wasatch Advisors LP purchased a new position in CPI Card Group during the 4th quarter worth approximately $10,175,000. Pacific Ridge Capital Partners LLC purchased a new position in CPI Card Group during the 4th quarter worth approximately $4,401,000. Hillsdale Investment Management Inc. purchased a new position in CPI Card Group during the 4th quarter worth approximately $3,240,000. Vector Capital Management L.P. grew its stake in CPI Card Group by 38.4% during the 4th quarter. Vector Capital Management L.P. now owns 360,318 shares of the company's stock worth $10,770,000 after buying an additional 100,000 shares during the last quarter. Finally, Manatuck Hill Partners LLC purchased a new position in CPI Card Group during the 4th quarter worth approximately $1,644,000. Hedge funds and other institutional investors own 22.08% of the company's stock.

Insider Buying and Selling

In other news, Chairman H Sanford Riley acquired 15,000 shares of CPI Card Group stock in a transaction that occurred on 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 completion of the acquisition, the chairman now owns 19,966 shares in the company, valued at $429,468.66. This trade represents a 302.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on PMTS shares. Roth Mkm reaffirmed a "buy" rating and set a $40.00 price objective on shares of CPI Card Group in a research report on Wednesday, March 5th. Wall Street Zen cut CPI Card Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. DA Davidson increased their price objective 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. B. Riley increased their price objective on CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Lake Street Capital decreased their price objective on CPI Card Group from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CPI Card Group has an average rating of "Buy" and an average target price of $36.75.

CPI Card Group Trading Up 0.7%

Shares of PMTS traded up $0.16 during mid-day trading on Friday, hitting $22.30. The company's stock had a trading volume of 103,836 shares, compared to its average volume of 36,667. The firm has a 50-day simple moving average of $24.43 and a 200 day simple moving average of $28.34. The firm has a market capitalization of $251.57 million, a P/E ratio of 17.02 and a beta of 1.77. CPI Card Group Inc. has a 1-year low of $18.46 and a 1-year high of $35.19.

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

About CPI Card Group

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.