Gerald S. Armstrong Purchases 10,000 Shares of Cenveo, Inc. (CVO) Stock
Cenveo, Inc. (NYSE:CVO) Director Gerald S. Armstrong bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $4.02 per share, for a total transaction of $40,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Cenveo, Inc. (NYSE CVO) traded down 1.59% on Friday, reaching $3.72. 30,704 shares of the company’s stock were exchanged. The company’s market cap is $31.92 million. The stock’s 50 day moving average is $4.61 and its 200 day moving average is $5.18. Cenveo, Inc. has a 52 week low of $3.15 and a 52 week high of $8.50.
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Separately, TheStreet downgraded shares of Cenveo from a “c-” rating to a “d+” rating in a research report on Tuesday, May 16th.
Several hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in Cenveo by 2.3% in the second quarter. Northern Trust Corp now owns 19,139 shares of the business services provider’s stock valued at $117,000 after buying an additional 436 shares during the period. Algert Global LLC raised its position in Cenveo by 3.7% in the second quarter. Algert Global LLC now owns 79,791 shares of the business services provider’s stock worth $486,000 after buying an additional 2,879 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised 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. Institutional investors own 46.37% of the company’s stock.
Cenveo Company Profile
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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