Gruss Capital Management LP Has $746,000 Holdings in Cenveo, Inc. (CVO)
Gruss Capital Management LP maintained its position in shares of Cenveo, Inc. (NYSE:CVO) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 122,499 shares of the business services provider’s stock at the end of the second quarter. Cenveo comprises approximately 0.1% of Gruss Capital Management LP’s investment portfolio, making the stock its 24th largest position. Gruss Capital Management LP owned about 1.43% of Cenveo worth $746,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp boosted 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 acquiring an additional 436 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of 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. Finally, Algert Global LLC raised its holdings in shares of 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. Institutional investors own 46.37% of the company’s stock.
In other Cenveo news, Chairman Robert G. Sr Burton, Sr. purchased 53,855 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $3.70 per share, with a total value of $199,263.50. Following the acquisition, the chairman now owns 834,597 shares of the company’s stock, valued at approximately $3,088,008.90. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert G. Sr Burton, Sr. purchased 24,390 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $4.10 per share, with a total value of $99,999.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 125,695 shares of company stock valued at $561,115. 12.70% of the stock is owned by company insiders.
TRADEMARK VIOLATION NOTICE: This report was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://theolympiareport.com/2017/09/25/gruss-capital-management-lp-has-746000-holdings-in-cenveo-inc-cvo.html.
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.
Receive News & Ratings for Cenveo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenveo Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.