The Emerald Acquisition Ltd. Acquires New Stake in CPI Aerostructures, Inc. (CVU)

The Emerald Acquisition Ltd. Acquires New Stake in CPI Aerostructures, Inc. (CVU)

Emerald Acquisition Ltd. bought a new position in shares of CPI Aerostructures, Inc. (NYSEMKT:CVU) during the second quarter, Holdings Channel reports. The institutional investor bought 99,516 shares of the company’s stock, valued at approximately $612,000. Emerald Acquisition Ltd. owned approximately 1.16% of CPI Aerostructures as of its most recent filing with the SEC.

Separately, Renaissance Technologies LLC increased its position in CPI Aerostructures by 94.5% in the first quarter. Renaissance Technologies LLC now owns 32,100 shares of the company’s stock valued at $235,000 after buying an additional 15,594 shares during the period.

CPI Aerostructures, Inc. (NYSEMKT:CVU) remained flat at $6.68 during trading on Monday. 9 shares of the company were exchanged. CPI Aerostructures, Inc. has a 52-week low of $4.35 and a 52-week high of $9.84. The firm’s market cap is $57.60 million. The stock’s 50 day moving average is $6.65 and its 200-day moving average is $6.61.

CPI Aerostructures (NYSEMKT:CVU) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.06. The company earned $22.30 million during the quarter, compared to analyst estimates of $22 million. On average, analysts anticipate that CPI Aerostructures, Inc. will post $0.68 EPS for the current fiscal year.

Several analysts recently issued reports on CVU shares. Zacks Investment Research upgraded CPI Aerostructures from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Tuesday, September 6th. B. Riley reiterated a “buy” rating and set a $9.75 target price on shares of CPI Aerostructures in a research report on Tuesday, August 9th.

CPI Aerostructures Company Profile

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