Gerald S. Armstrong Acquires 10,000 Shares of Cenveo, Inc. (CVO) Stock
Cenveo, Inc. (NYSE:CVO) Director Gerald S. Armstrong purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of $4.02 per share, with a total value of $40,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Cenveo, Inc. (NYSE CVO) traded up 0.77% during mid-day trading on Thursday, hitting $3.90. 7,663 shares of the company’s stock traded hands. Cenveo, Inc. has a one year low of $3.15 and a one year high of $8.50. The firm’s 50-day moving average price is $4.92 and its 200-day moving average price is $5.27. The stock’s market cap is $33.46 million.
Institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its position in shares of 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. Algert Global LLC increased its position in shares of 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, Northern Trust Corp increased its position in shares of Cenveo by 2.3% in the second quarter. Northern Trust Corp now owns 19,139 shares of the business services provider’s stock worth $117,000 after buying an additional 436 shares in the last quarter. 46.37% of the stock is owned by institutional investors and hedge funds.
Separately, TheStreet lowered shares of Cenveo from a “c-” rating to a “d+” rating in a research report on Tuesday, May 16th.
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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