131,000 Shares in Cardinal Infrastructure Group Inc. $CDNL Acquired by Engle Capital Management L.P.

Engle Capital Management L.P. acquired a new position in Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) in the 4th quarter, Holdings Channel reports. The firm acquired 131,000 shares of the company’s stock, valued at approximately $3,168,000. Cardinal Infrastructure Group comprises 1.2% of Engle Capital Management L.P.’s investment portfolio, making the stock its 23rd biggest position.

Several other hedge funds also recently added to or reduced their stakes in CDNL. Taylor Frigon Capital Management LLC purchased a new position in Cardinal Infrastructure Group in the fourth quarter worth approximately $1,209,000. Kornitzer Capital Management Inc. KS purchased a new position in Cardinal Infrastructure Group in the fourth quarter worth approximately $850,000. TimesSquare Capital Management LLC purchased a new position in Cardinal Infrastructure Group in the fourth quarter worth approximately $14,612,000. Goldman Sachs Group Inc. purchased a new position in Cardinal Infrastructure Group in the fourth quarter worth approximately $3,893,000. Finally, CenterBook Partners LP acquired a new position in shares of Cardinal Infrastructure Group in the 4th quarter worth approximately $1,994,000.

Insider Transactions at Cardinal Infrastructure Group

In other Cardinal Infrastructure Group news, Director Ivy Zelman purchased 6,921 shares of the business’s stock in a transaction on Thursday, March 26th. The shares were bought at an average cost of $36.33 per share, for a total transaction of $251,439.93. Following the completion of the purchase, the director directly owned 15,326 shares of the company’s stock, valued at approximately $556,793.58. This trade represents a 82.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Benjamin Wood purchased 20,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of $51.30 per share, for a total transaction of $1,026,000.00. Following the completion of the purchase, the chief operating officer directly owned 20,000 shares of the company’s stock, valued at approximately $1,026,000. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 61.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CDNL shares. Weiss Ratings upgraded shares of Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Oppenheimer upped their price objective on shares of Cardinal Infrastructure Group from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday. Zacks Research lowered shares of Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Stifel Nicolaus upped their price objective on shares of Cardinal Infrastructure Group from $41.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, DA Davidson upped their price objective on shares of Cardinal Infrastructure Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $59.33.

Cardinal Infrastructure Group Stock Performance

Shares of NASDAQ:CDNL opened at $74.89 on Thursday. The stock’s 50-day simple moving average is $53.99. Cardinal Infrastructure Group Inc. has a 1 year low of $21.98 and a 1 year high of $77.44.

Cardinal Infrastructure Group (NASDAQ:CDNL) last issued its quarterly earnings results on Monday, March 23rd. The company reported $1.98 earnings per share (EPS) for the quarter. The business had revenue of $418.92 million for the quarter. Analysts anticipate that Cardinal Infrastructure Group Inc. will post 1.87 EPS for the current fiscal year.

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.