CPI Aerostructures, Inc. (NYSE:CVU) Stock Position Reduced by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in CPI Aerostructures, Inc. (NYSE:CVU) by 36.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the company’s stock after selling 6,500 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.09% of CPI Aerostructures worth $47,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its position in CPI Aerostructures by 27.4% in the fourth quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock worth $433,000 after acquiring an additional 23,000 shares in the last quarter. Cerity Partners LLC bought a new stake in CPI Aerostructures in the fourth quarter worth approximately $40,000. Finally, Sanctuary Advisors LLC bought a new stake in CPI Aerostructures in the fourth quarter worth approximately $100,000. 25.98% of the stock is owned by institutional investors.

CPI Aerostructures Stock Performance

NYSE:CVU opened at $3.11 on Thursday. CPI Aerostructures, Inc. has a 1 year low of $2.16 and a 1 year high of $5.85. The firm’s fifty day simple moving average is $3.21 and its 200 day simple moving average is $3.77. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $40.43 million, a PE ratio of 2.27 and a beta of 1.20.

CPI Aerostructures (NYSE:CVU) last posted its 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 period last year, the firm posted $1.38 EPS.

Insider Activity at CPI Aerostructures

In other news, Director Bond E. Carey bought 10,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of $2.88 per share, for a total transaction of $28,800.00. Following the purchase, the director now owns 215,517 shares of the company’s stock, valued at $620,688.96. This represents a 4.87% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 9.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

About CPI Aerostructures

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.