Aristeia Capital adds Cenveo (CVO) to its portfolio

Cenveo (CVO) : Aristeia Capital added new position in Cenveo during the most recent quarter end. The investment management firm now holds 33,884 shares of Cenveo which is valued at $256,841 , the company said in a statement filed on Aug 15, 2016 with the SEC.Cenveo makes up approximately 0.05% of Aristeia Capital’s portfolio.

Other Hedge Funds, Including , D. E. Shaw boosted its stake in CVO in the latest quarter, The investment management firm added 7,128 additional shares and now holds a total of 60,778 shares of Cenveo which is valued at $460,697. Bayesian Capital Management Lp sold out all of its stake in CVO during the most recent quarter. The investment firm sold 1,850 shares of CVO which is valued $14,023.Pinnacle Holdings boosted its stake in CVO in the latest quarter, The investment management firm added 6,375 additional shares and now holds a total of 13,419 shares of Cenveo which is valued at $112,854. Cenveo makes up approx 0.06% of Pinnacle Holdings’s portfolio.Deltec Asset Management reduced its stake in CVO by selling 3,463 shares or 65.95% in the most recent quarter. The Hedge Fund company now holds 1,788 shares of CVO which is valued at $16,986.

Cenveo opened for trading at $6.57 and hit $6.97 on the upside on Thursday, eventually ending the session at $6.88, with a gain of 4.24% or 0.28 points. The heightened volatility saw the trading volume jump to 54,587 shares. Company has a market cap of $59 M.

Cenveo Inc. is a diversified manufacturing company focused on print-related products. The Company’s portfolio of products includes envelope converting commercial printing label manufacturing and specialty packaging. The Company operates through three segments: Envelope Print and Label and Packaging. 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. The Company’s Print segment primarily caters to the consumer products automotive travel and leisure and telecommunications industries. The Company’s Label and Packaging segment produces a line of custom labels for a range of industries including manufacturing warehousing packaging food and beverage and health and beauty.

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