Citadel Advisors LLC Sells 6,692 Shares of CPI Aerostructures, Inc. (NYSE:CVU)

Citadel Advisors LLC cut its holdings in CPI Aerostructures, Inc. (NYSE:CVU) by 19.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,452 shares of the company’s stock after selling 6,692 shares during the period. Citadel Advisors LLC owned approximately 0.21% of CPI Aerostructures worth $111,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CVU. Cerity Partners LLC bought a new stake in CPI Aerostructures in the 4th quarter valued at about $40,000. Sanctuary Advisors LLC bought a new stake in CPI Aerostructures in the 4th quarter valued at about $100,000. Finally, Renaissance Technologies LLC boosted its holdings in CPI Aerostructures by 27.4% in the 4th quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock valued at $433,000 after purchasing an additional 23,000 shares during the period. 25.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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 Stock Performance

NYSE CVU opened at $2.95 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $38.35 million, a P/E ratio of 2.15 and a beta of 1.20. CPI Aerostructures, Inc. has a 12-month low of $2.16 and a 12-month high of $5.85. The firm has a 50-day moving average price of $3.26 and a two-hundred day moving average price of $3.81.

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

CPI Aerostructures 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.