Robert G. Sr Burton, Sr. Buys 24,390 Shares of Cenveo, Inc. (CVO) Stock
Cenveo, Inc. (NYSE:CVO) Chairman Robert G. Sr Burton, Sr. bought 24,390 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $4.10 per share, with a total value of $99,999.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Cenveo, Inc. (NYSE CVO) opened at 3.8701 on Thursday. The firm’s market capitalization is $33.21 million. 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.
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Separately, TheStreet downgraded Cenveo from a “c-” rating to a “d+” rating in a report on Tuesday, May 16th.
Several large investors have recently added to or reduced their stakes in CVO. Benjamin F. Edwards & Company Inc. raised its stake 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 period. Algert Global LLC raised its stake 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 period. Finally, Northern Trust Corp raised its stake in Cenveo by 2.3% in the second quarter. Northern Trust Corp now owns 19,139 shares of the business services provider’s stock valued at $117,000 after buying an additional 436 shares during the period. Hedge funds and other institutional investors own 46.37% of the company’s stock.
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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