Wealth Enhancement Advisory Services LLC Sells 6,500 Shares of CPI Aerostructures, Inc. (NYSE:CVU)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 36.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,500 shares of the company’s stock after selling 6,500 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CPI Aerostructures were worth $47,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CVU. Sanctuary Advisors LLC bought a new position in shares of CPI Aerostructures during the 4th quarter worth about $100,000. Renaissance Technologies LLC lifted its holdings in shares of CPI Aerostructures by 27.4% during the 4th quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock worth $433,000 after acquiring an additional 23,000 shares during the period. Finally, Cerity Partners LLC bought a new position in shares of CPI Aerostructures during the 4th quarter worth about $40,000. 25.98% of the stock is owned by institutional investors.

Insider Activity at CPI Aerostructures

In related news, Director Bond E. Carey bought 10,000 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was bought at an average cost of $2.88 per share, with a total value of $28,800.00. Following the completion of the purchase, the director now owns 215,517 shares in the company, valued at approximately $620,688.96. The trade was a 4.87% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 17th.

CPI Aerostructures Trading Up 1.0%

Shares of CVU stock opened at $3.11 on Thursday. CPI Aerostructures, Inc. has a 12-month low of $2.16 and a 12-month high of $5.85. The company has a market capitalization of $40.43 million, a P/E ratio of 2.27 and a beta of 1.20. The firm has a 50-day moving average price of $3.21 and a 200 day moving average price of $3.77. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62.

CPI Aerostructures (NYSE:CVU) last announced its quarterly earnings results on Monday, March 31st. The company reported $0.26 earnings per share (EPS) for the quarter. CPI Aerostructures had a net margin of 20.63% and a return on equity of 13.98%. During the same quarter in the prior year, the company posted $1.38 earnings per share.

CPI Aerostructures Company Profile

CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. The company offers aerostructure and aerosystem assemblies, including new production and repair/overhaul of fielded wing structures and other control surfaces, rudder island, engine inlets/nacelles, engine exhaust manifolds, aircraft doors and windows, aircraft steps and racks, other aircraft secondary structures, airborne pod structures and integration of internal systems, radar housing structures, panel assemblies, and mechanical door locking and canopy lifting systems.