Ingalls & Snyder LLC Has $169,000 Stake in Cenveo Inc (NYSE:CVO)
Ingalls & Snyder LLC continued to hold its position in Cenveo Inc (NYSE:CVO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,760 shares of the business services provider’s stock at the end of the second quarter. Ingalls & Snyder LLC’s holdings in Cenveo were worth $169,000 as of its most recent filing with the SEC.
Separately, Benjamin F. Edwards & Company Inc. increased its position in Cenveo by 29.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 43,633 shares of the business services provider’s stock worth $266,000 after buying an additional 10,000 shares in the last quarter. 46.37% of the stock is owned by institutional investors and hedge funds.
Cenveo Inc (CVO) opened at 3.24 on Thursday. The stock has a market capitalization of $27.71 million, a P/E ratio of 0.61 and a beta of 1.77. Cenveo Inc has a 12-month low of $3.15 and a 12-month high of $8.55. The firm’s 50-day moving average is $5.72 and its 200-day moving average is $5.54.
Separately, TheStreet downgraded shares of Cenveo from a “c-” rating to a “d+” rating in a report on Tuesday, May 16th.
In other news, Chairman Robert G. Sr Burton, Sr. bought 196,500 shares of the company’s stock in a transaction on Friday, May 12th. The shares were acquired at an average cost of $5.03 per share, with a total value of $988,395.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Nathu R. Puri bought 37,656 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was purchased at an average cost of $5.11 per share, for a total transaction of $192,422.16. Following the completion of the transaction, the insider now directly owns 870,000 shares of the company’s stock, valued at approximately $4,445,700. The disclosure for this purchase can be found here. Insiders acquired 396,400 shares of company stock worth $2,133,726 over the last three months. Insiders own 12.70% of the company’s stock.
Cenveo, Inc is a diversified manufacturing company focused on print-related products. The Company’s portfolio of products includes envelope converting, commercial printing and label manufacturing. The Company operates through three segments: Envelope, Print and Label. The Company’s Envelope segment offers direct mail products used for customer solicitations and transactional envelopes used for billing and remittance by end users, including financial institutions, insurance companies and telecommunications companies.
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