CIBC World Markets Inc. trimmed its stake in CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) by 73.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,465 shares of the credit services provider’s stock after selling 137,710 shares during the quarter. CIBC World Markets Inc. owned about 0.44% of CPI Card Group worth $182,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in PMTS. Teachers Advisors LLC grew its holdings in CPI Card Group by 21.3% in the second quarter. Teachers Advisors LLC now owns 43,683 shares of the credit services provider’s stock valued at $124,000 after purchasing an additional 7,658 shares during the period. Dimensional Fund Advisors LP grew its holdings in CPI Card Group by 181.0% in the second quarter. Dimensional Fund Advisors LP now owns 61,110 shares of the credit services provider’s stock valued at $174,000 after purchasing an additional 39,359 shares during the period. QS Investors LLC grew its holdings in CPI Card Group by 40.2% in the second quarter. QS Investors LLC now owns 53,178 shares of the credit services provider’s stock valued at $152,000 after purchasing an additional 15,260 shares during the period. State Street Corp grew its holdings in CPI Card Group by 37.0% in the second quarter. State Street Corp now owns 372,496 shares of the credit services provider’s stock valued at $1,062,000 after purchasing an additional 100,594 shares during the period. Finally, Scotia Capital Inc. grew its holdings in CPI Card Group by 114.6% in the second quarter. Scotia Capital Inc. now owns 282,391 shares of the credit services provider’s stock valued at $797,000 after purchasing an additional 150,821 shares during the period. Hedge funds and other institutional investors own 57.19% of the company’s stock.

Shares of CPI Card Group Inc (PMTS) opened at $2.70 on Monday. The company has a debt-to-equity ratio of -2.87, a quick ratio of 2.09 and a current ratio of 2.68. CPI Card Group Inc has a 52 week low of $2.45 and a 52 week high of $25.50. The stock has a market cap of $30.06 and a P/E ratio of -2.62.

PMTS has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their target price on shares of CPI Card Group from $11.00 to $6.50 and set a “market perform” rating for the company in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of CPI Card Group from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Robert W. Baird restated a “hold” rating and issued a $5.00 target price on shares of CPI Card Group in a report on Thursday, December 21st. Finally, ValuEngine upgraded shares of CPI Card Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. CPI Card Group currently has a consensus rating of “Hold” and an average target price of $5.75.

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CPI Card Group Profile

CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.

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Institutional Ownership by Quarter for CPI Card Group (NASDAQ:PMTS)

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