Russell Investments Group Ltd. lifted its position in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 648,181 shares of the aerospace company’s stock after buying an additional 36,777 shares during the quarter. Russell Investments Group Ltd. owned about 5.48% of CPI Aerostructures worth $5,449,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CVU. Wedge Capital Management L L P NC boosted its position in 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. Penn Capital Management Co. Inc. boosted its position in 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. Finally, Heartland Advisors Inc. boosted its position in 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.
CPI Aerostructures stock traded up $0.03 during trading hours on Friday, reaching $8.08. 2,604 shares of the company were exchanged, compared to its average volume of 31,007. CPI Aerostructures, Inc. has a 12 month low of $5.83 and a 12 month high of $9.55.
CPI Aerostructures (NYSEAMERICAN:CVU) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $23.16 million during the quarter.
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 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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