Acadian Asset Management LLC trimmed its holdings in shares of CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) by 24.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,093 shares of the aerospace company’s stock after selling 3,321 shares during the period. Acadian Asset Management LLC’s holdings in CPI Aerostructures were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. New Jersey Better Educational Savings Trust purchased a new position in shares of CPI Aerostructures during the 4th quarter worth approximately $293,000. Ancora Advisors LLC raised its stake in shares of CPI Aerostructures by 39.0% during the 3rd quarter. Ancora Advisors LLC now owns 73,258 shares of the aerospace company’s stock worth $612,000 after buying an additional 20,559 shares in the last quarter. NJ State Employees Deferred Compensation Plan raised its stake in shares of CPI Aerostructures by 111.5% during the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 110,000 shares of the aerospace company’s stock worth $701,000 after buying an additional 58,000 shares in the last quarter. Boston Partners raised its stake in shares of CPI Aerostructures by 231.0% during the 4th quarter. Boston Partners now owns 290,000 shares of the aerospace company’s stock worth $1,847,000 after buying an additional 202,376 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of CPI Aerostructures by 5.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 564,909 shares of the aerospace company’s stock worth $4,717,000 after buying an additional 29,523 shares in the last quarter.

Separately, Zacks Investment Research cut CPI Aerostructures from a “hold” rating to a “sell” rating in a report on Monday, November 26th.

CVU opened at $6.96 on Friday. CPI Aerostructures, Inc. has a 1-year low of $5.83 and a 1-year high of $11.75.

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CPI Aerostructures Company Profile

CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. It also offers aero systems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.

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Institutional Ownership by Quarter for CPI Aerostructures (NYSEAMERICAN:CVU)

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