82,464 Shares in Cardinal Infrastructure Group Inc. $CDNL Bought by Granahan Investment Management LLC

Granahan Investment Management LLC bought a new stake in Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) during the 1st quarter, Holdings Channel.com reports. The fund bought 82,464 shares of the company’s stock, valued at approximately $3,270,000.

A number of other large investors have also added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC purchased a new stake in shares of Cardinal Infrastructure Group during the fourth quarter valued at about $1,209,000. Kornitzer Capital Management Inc. KS purchased a new position in shares of Cardinal Infrastructure Group in the 4th quarter worth approximately $850,000. TimesSquare Capital Management LLC purchased a new position in shares of Cardinal Infrastructure Group in the 4th quarter worth approximately $14,612,000. Goldman Sachs Group Inc. bought a new position in shares of Cardinal Infrastructure Group during the 4th quarter worth approximately $3,893,000. Finally, CenterBook Partners LP purchased a new stake in Cardinal Infrastructure Group during the fourth quarter valued at approximately $1,994,000.

Insider Buying and Selling

In other news, COO Benjamin Wood purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average price of $51.30 per share, for a total transaction of $1,026,000.00. Following the completion of the transaction, the chief operating officer owned 20,000 shares in the company, valued at $1,026,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 61.70% of the company’s stock.

Cardinal Infrastructure Group Price Performance

Shares of Cardinal Infrastructure Group stock opened at $63.30 on Friday. The business’s fifty day simple moving average is $68.03. The stock has a market capitalization of $2.71 billion and a PE ratio of 275.22. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.73. Cardinal Infrastructure Group Inc. has a 1 year low of $21.98 and a 1 year high of $96.40.

Cardinal Infrastructure Group (NASDAQ:CDNL) last released its quarterly earnings data on Monday, March 23rd. The company reported $1.98 EPS for the quarter. The company had revenue of $418.92 million during the quarter. As a group, equities analysts expect that Cardinal Infrastructure Group Inc. will post 1.86 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on CDNL. Stifel Nicolaus raised their target price on shares of Cardinal Infrastructure Group from $41.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Zacks Research cut Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Oppenheimer upped their target price on Cardinal Infrastructure Group from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cardinal Infrastructure Group has a consensus rating of “Hold” and an average target price of $59.33.

About Cardinal Infrastructure Group

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.