Two Sigma Investments LP Has $1.13 Million Holdings in CPI Card Group Inc. (NASDAQ:PMTS)

Two Sigma Investments LP boosted its holdings in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 121.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,680 shares of the company's stock after acquiring an additional 20,677 shares during the period. Two Sigma Investments LP owned about 0.34% of CPI Card Group worth $1,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its position in CPI Card Group by 5.2% during the 4th quarter. Barclays PLC now owns 7,712 shares of the company's stock valued at $230,000 after purchasing an additional 382 shares during the period. BNP Paribas Financial Markets lifted its stake in CPI Card Group by 10.7% in the fourth quarter. BNP Paribas Financial Markets now owns 5,844 shares of the company's stock valued at $175,000 after buying an additional 563 shares during the last quarter. Wells Fargo & Company MN lifted its stake in CPI Card Group by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock valued at $75,000 after buying an additional 776 shares during the last quarter. IFP Advisors Inc grew its position in shares of CPI Card Group by 96.6% during the fourth quarter. IFP Advisors Inc now owns 3,048 shares of the company's stock worth $91,000 after acquiring an additional 1,498 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of CPI Card Group by 1,635.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock worth $49,000 after acquiring an additional 1,554 shares during the last quarter. 22.08% of the stock is currently owned by institutional investors and hedge funds.

CPI Card Group Price Performance

Shares of PMTS stock traded up $0.26 on Monday, hitting $22.05. The company's stock had a trading volume of 39,450 shares, compared to its average volume of 37,180. The stock has a market capitalization of $248.75 million, a price-to-earnings ratio of 16.83 and a beta of 1.36. CPI Card Group Inc. has a fifty-two week low of $18.46 and a fifty-two week high of $35.19. The firm's fifty day moving average price is $23.69 and its 200-day moving average price is $28.15.

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). The firm had revenue of $122.76 million during the quarter, compared to analyst estimates of $120.90 million. CPI Card Group had a net margin of 3.38% and a negative return on equity of 46.90%. Analysts predict that CPI Card Group Inc. will post 1.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PMTS has been the topic of several analyst reports. Roth Mkm restated a "buy" rating and issued a $40.00 target price on shares of CPI Card Group in a research report 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. Lake Street Capital lowered their target price on shares of CPI Card Group from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. B. Riley upped their price target 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. Finally, DA Davidson raised their price objective on shares of CPI Card Group from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, CPI Card Group currently has a consensus rating of "Buy" and an average target price of $36.75.

Insider Activity at CPI Card Group

In other news, Chairman H Sanford Riley bought 15,000 shares of the stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of $21.51 per share, with a total value of $322,650.00. Following 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by corporate insiders.

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.