Renaissance Technologies LLC Reduces Holdings in CPI Aerostructures, Inc. (NYSE:CVU)

Renaissance Technologies LLC reduced its position in CPI Aerostructures, Inc. (NYSE:CVU) by 41.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 12,700 shares of the company’s stock after selling 9,000 shares during the period. Renaissance Technologies LLC owned 0.10% of CPI Aerostructures worth $31,000 at the end of the most recent quarter.

CPI Aerostructures Stock Performance

CVU stock opened at $3.30 on Tuesday. CPI Aerostructures, Inc. has a 52 week low of $2.15 and a 52 week high of $3.55. The firm has a market cap of $42.43 million, a PE ratio of 2.53 and a beta of 1.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.58 and a quick ratio of 1.54.

CPI Aerostructures (NYSE:CVU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter. CPI Aerostructures had a net margin of 19.86% and a return on equity of 14.87%. The company had revenue of $20.81 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on CPI Aerostructures in a research report on Wednesday, October 9th. They set a “buy” rating on the stock.

About CPI Aerostructures

CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. The company offers aerostructure and aerosystem assemblies, including new production and repair/overhaul of fielded wing structures and other control surfaces, rudder island, engine inlets/nacelles, engine exhaust manifolds, aircraft doors and windows, aircraft steps and racks, other aircraft secondary structures, airborne pod structures and integration of internal systems, radar housing structures, panel assemblies, and mechanical door locking and canopy lifting systems.