Permanens Capital Exits Position in Cenveo (CVO)

Cenveo (CVO) : Permanens Capital has sold out all of its stake in Cenveo during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 2,834 shares of Cenveo which is valued at $21,482.

Other Hedge Funds, Including , Citadel Advisors added CVO to its portfolio by purchasing 2,949 company shares during the most recent quarter which is valued at $22,353.Spark Investment Management boosted its stake in CVO in the latest quarter, The investment management firm added 44,688 additional shares and now holds a total of 75,350 shares of Cenveo which is valued at $571,153. Cenveo makes up approx 0.05% of Spark Investment Management’s portfolio.

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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