Cenveo Inc (NYSE:CVO) major shareholder Nathu R. Puri bought 25,000 shares of Cenveo stock in a transaction on Thursday, July 13th. The shares were acquired at an average cost of $6.07 per share, for a total transaction of $151,750.00. Following the completion of the acquisition, the insider now directly owns 1,035,000 shares in the company, valued at $6,282,450. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Cenveo Inc (NYSE:CVO) traded up 3.12% during mid-day trading on Friday, hitting $3.30. 7,384 shares of the stock traded hands. Cenveo Inc has a 52-week low of $3.15 and a 52-week high of $8.50. The firm’s market cap is $28.31 million. The firm’s 50-day moving average is $5.56 and its 200 day moving average is $5.50.
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Several large investors have recently modified their holdings of CVO. Northern Trust Corp boosted its stake 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 during the last quarter. Algert Global LLC boosted 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 valued at $486,000 after buying an additional 2,879 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted 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 valued at $266,000 after buying an additional 10,000 shares during 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 note on Tuesday, May 16th.
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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