Walthausen & Co. LLC lifted its stake in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) by 147.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 235,020 shares of the aerospace company’s stock after buying an additional 140,230 shares during the period. Walthausen & Co. LLC owned about 1.98% of CPI Aerostructures worth $1,582,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of CVU. Connor Clark & Lunn Investment Management Ltd. increased its holdings in CPI Aerostructures by 37.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,975 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 4,605 shares in the last quarter. Advisory Services Network LLC acquired a new stake in CPI Aerostructures during the 4th quarter valued at $124,000. Essex Investment Management Co. LLC increased its holdings in CPI Aerostructures by 3.7% during the 4th quarter. Essex Investment Management Co. LLC now owns 106,160 shares of the aerospace company’s stock valued at $714,000 after purchasing an additional 3,741 shares in the last quarter. Renaissance Technologies LLC increased its holdings in CPI Aerostructures by 29.7% during the 4th quarter. Renaissance Technologies LLC now owns 112,281 shares of the aerospace company’s stock valued at $756,000 after purchasing an additional 25,695 shares in the last quarter. Finally, Boston Partners increased its holdings in CPI Aerostructures by 18.2% during the 3rd quarter. Boston Partners now owns 259,486 shares of the aerospace company’s stock valued at $2,133,000 after purchasing an additional 39,869 shares in the last quarter.
CVU traded up $0.38 during mid-day trading on Thursday, reaching $2.10. The stock had a trading volume of 445,329 shares, compared to its average volume of 142,668. CPI Aerostructures, Inc. has a 52 week low of $1.29 and a 52 week high of $8.64.
Separately, Canaccord Genuity lowered CPI Aerostructures from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th.
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 also offers aero systems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.
Further Reading: Outstanding Shares
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