Emancipation Management Lowers stake in CECO Environmental Corp. (CECE)

CECO Environmental Corp. (CECE) : Emancipation Management reduced its stake in CECO Environmental Corp. by 5.2% during the most recent quarter end. The investment management company now holds a total of 1,567,009 shares of CECO Environmental Corp. which is valued at $12.1 Million after selling 85,996 shares in CECO Environmental Corp. , the firm said in a disclosure report filed with the SEC on May 12, 2016.CECO Environmental Corp. makes up approximately 15.33% of Emancipation Management’s portfolio.

Other Hedge Funds, Including , Group One Trading reduced its stake in CECE by selling 1,500 shares or 97.4% in the most recent quarter. The Hedge Fund company now holds 40 shares of CECE which is valued at $308.Stanley-laman Group Ltd. boosted its stake in CECE in the latest quarter, The investment management firm added 13,165 additional shares and now holds a total of 34,526 shares of CECO Environmental Corp. which is valued at $266,195. CECO Environmental Corp. makes up approx 0.05% of Stanley-laman Group Ltd.’s portfolio.Rhumbline Advisers boosted its stake in CECE in the latest quarter, The investment management firm added 3,370 additional shares and now holds a total of 43,746 shares of CECO Environmental Corp. which is valued at $280,849.

CECO Environmental Corp. opened for trading at $7.73 and hit $7.86 on the upside on Friday, eventually ending the session at $7.79, with a gain of 1.43% or 0.11 points. The heightened volatility saw the trading volume jump to 67,842 shares. Company has a market cap of $265,592 M.

On the company’s financial health, CECO Environmental Corp. reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.14. The company had revenue of $103.20 million for the quarter, compared to analysts expectations of $99.65 million. The company’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on CECO Environmental Corp.. Shares were Reiterated by Needham on Mar 11, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $13 .CECO Environmental Corp. was Downgraded by Drexel Hamilton to ” Hold” on Mar 11, 2016.

CECO Environmental Corp. is an environmental technology company focused on solutions in the product recovery air pollution control fluid handling and filtration industries. The Company is focused on engineering designing building and installing systems that capture clean and destroy airborne contaminants from industrial facilities as well as equipment that controls emissions from such facilities as well as fluid handling and filtration systems. It provides a spectrum of products and services including dampers and diverters cyclonic technology thermal oxidizers filtration systems scrubbers fluid handling equipment and plant engineering services and other. It operates through three segments: Air Pollution Control segment which offers product recovery and air pollution control technologies Energy segment which offers solutions for the power and petrochemical industry and Fluid Handling and Filtration Segment which offers pump filtration and fume exhaust solutions.

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