Perritt Capital Management Inc. decreased its holdings in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 484,086 shares of the aerospace company’s stock after selling 17,025 shares during the period. CPI Aerostructures makes up about 1.6% of Perritt Capital Management Inc.’s portfolio, making the stock its 8th biggest position. Perritt Capital Management Inc. owned about 4.10% of CPI Aerostructures worth $4,071,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. increased its stake in shares of CPI Aerostructures by 6.0% in the second quarter. Russell Investments Group Ltd. now owns 648,181 shares of the aerospace company’s stock valued at $5,449,000 after buying an additional 36,777 shares during the period. Heartland Advisors Inc. lifted its holdings in shares of CPI Aerostructures by 11.2% during the second quarter. Heartland Advisors Inc. now owns 528,300 shares of the aerospace company’s stock worth $4,443,000 after purchasing an additional 53,300 shares during the period. Penn Capital Management Co. Inc. lifted its holdings in shares of CPI Aerostructures by 11.4% during the first quarter. Penn Capital Management Co. Inc. now owns 469,906 shares of the aerospace company’s stock worth $3,054,000 after purchasing an additional 48,029 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of CPI Aerostructures by 27.8% during the first quarter. Wedge Capital Management L L P NC now owns 50,140 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 10,914 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of CPI Aerostructures by 120.7% in the fourth quarter. Geode Capital Management LLC now owns 58,040 shares of the aerospace company’s stock worth $369,000 after purchasing an additional 31,743 shares during the last quarter.
Shares of CPI Aerostructures stock traded up $0.01 during midday trading on Wednesday, reaching $7.83. The company had a trading volume of 254 shares, compared to its average volume of 30,389. CPI Aerostructures, Inc. has a fifty-two week low of $5.83 and a fifty-two week high of $9.55.
CPI Aerostructures (NYSEAMERICAN:CVU) last released its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $23.16 million for the quarter.
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 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.
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