LMI Aerospace, Inc. (NASDAQ:LMIA) Position Increased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of LMI Aerospace, Inc. (NASDAQ:LMIA) by 16.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,000 shares of the aerospace company’s stock after buying an additional 58,200 shares during the period. Renaissance Technologies LLC owned approximately 3.14% of LMI Aerospace worth $5,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMIA. Gabelli Funds LLC acquired a new stake in shares of LMI Aerospace during the first quarter worth approximately $264,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of LMI Aerospace during the first quarter worth approximately $704,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of LMI Aerospace during the first quarter worth approximately $511,000. TFS Capital LLC acquired a new stake in shares of LMI Aerospace during the first quarter worth approximately $166,000. Finally, Kassirer Asset Management Corp acquired a new stake in shares of LMI Aerospace during the first quarter worth approximately $1,654,000. 46.89% of the stock is owned by hedge funds and other institutional investors.

Shares of LMI Aerospace, Inc. (LMIA) opened at 13.99 on Friday. The stock’s 50 day moving average is $13.96 and its 200 day moving average is $12.15. LMI Aerospace, Inc. has a 52-week low of $7.01 and a 52-week high of $14.05.

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A number of analysts recently commented on LMIA shares. TheStreet upgraded shares of LMI Aerospace from a “d+” rating to a “c-” rating in a research note on Monday, May 15th. ValuEngine upgraded shares of LMI Aerospace from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.

In related news, VP David J. Wright sold 6,856 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $14.00, for a total transaction of $95,984.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John S. Eulich sold 52,299 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $14.00, for a total transaction of $732,186.00. The disclosure for this sale can be found here. Insiders sold 294,309 shares of company stock worth $4,120,326 in the last three months. Insiders own 17.50% of the company’s stock.

About LMI Aerospace

LMI Aerospace, Inc is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The Company operates in two business segments consisting of its Aerostructures segment and its Engineering Services segment. Its Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits machined and formed close tolerance aluminum, specialty alloy and composite components and higher level assemblies for use by the aerospace and defense industries.

Institutional Ownership by Quarter for LMI Aerospace (NASDAQ:LMIA)

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