Cardinal Infrastructure Group (NASDAQ:CDNL) Sets New 1-Year High – Here’s What Happened

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $35.76 and last traded at $34.40, with a volume of 13550 shares. The stock had previously closed at $34.22.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CDNL. DA Davidson increased their price target on Cardinal Infrastructure Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Stifel Nicolaus raised their target price on Cardinal Infrastructure Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $33.00.

Cardinal Infrastructure Group Trading Down 2.5%

Institutional Trading of Cardinal Infrastructure Group

A number of institutional investors and hedge funds have recently modified their holdings of CDNL. Barclays PLC purchased a new position in Cardinal Infrastructure Group in the 4th quarter valued at about $152,000. Zuckerman Investment Group LLC purchased a new position in shares of Cardinal Infrastructure Group in the fourth quarter valued at approximately $242,000. XTX Topco Ltd acquired a new stake in shares of Cardinal Infrastructure Group in the fourth quarter worth approximately $242,000. Oxford Asset Management LLP purchased a new stake in shares of Cardinal Infrastructure Group in the fourth quarter valued at approximately $355,000. Finally, HRT Financial LP acquired a new stake in shares of Cardinal Infrastructure Group in the fourth quarter valued at approximately $586,000.

Cardinal Infrastructure Group Company Profile

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.