CPI Aerostructures, Inc. (CVU) Holdings Trimmed by Ariel Investments LLC

Ariel Investments LLC reduced its stake in shares of CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 638,543 shares of the aerospace company’s stock after selling 45,693 shares during the period. Ariel Investments LLC owned about 0.07% of CPI Aerostructures worth $5,715,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in CPI Aerostructures by 19.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 464,574 shares of the aerospace company’s stock worth $4,344,000 after acquiring an additional 74,761 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of CPI Aerostructures by 46.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 120,060 shares of the aerospace company’s stock worth $1,122,000 after buying an additional 38,257 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in shares of CPI Aerostructures by 32.2% in the 4th quarter. Kennedy Capital Management Inc. now owns 101,721 shares of the aerospace company’s stock worth $910,000 after buying an additional 24,790 shares during the last quarter. Boston Partners lifted its position in shares of CPI Aerostructures by 74.5% in the 3rd quarter. Boston Partners now owns 89,024 shares of the aerospace company’s stock worth $832,000 after buying an additional 38,000 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of CPI Aerostructures by 3.0% in the 2nd quarter. Northern Trust Corp now owns 21,897 shares of the aerospace company’s stock worth $205,000 after buying an additional 634 shares during the last quarter.

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CPI Aerostructures, Inc. (NYSEAMERICAN CVU) opened at $8.50 on Friday. CPI Aerostructures, Inc. has a 52-week low of $5.55 and a 52-week high of $10.05. The stock has a market cap of $71.78, a PE ratio of 12.65 and a beta of 0.31.

Separately, Zacks Investment Research upgraded shares of CPI Aerostructures from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.00.

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CPI Aerostructures Company Profile

CPI Aerostructures, Inc (CPI Aero) is a supplier of aircraft parts for fixed wing aircraft and helicopters in both the commercial and defense markets in the United States. The Company is a manufacturer of structural aircraft parts and aerosystems. It is also a contractor to the United States Department of Defense, primarily the Air Force.

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Institutional Ownership by Quarter for CPI Aerostructures (NYSEAMERICAN:CVU)

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