Nathu R. Puri Acquires 37,656 Shares of Cenveo, Inc. (CVO) Stock

Cenveo, Inc. (NYSE:CVO) major shareholder Nathu R. Puri bought 37,656 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average cost of $5.11 per share, for a total transaction of $192,422.16. Following the acquisition, the insider now directly owns 870,000 shares of the company’s stock, valued at $4,445,700. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Cenveo, Inc. (NYSE:CVO) traded up 4.6120% during trading on Friday, hitting $5.4189. The company’s stock had a trading volume of 41,169 shares. Cenveo, Inc. has a 52 week low of $3.52 and a 52 week high of $10.50. The company has a market cap of $46.35 million, a PE ratio of 1.0123 and a beta of 2.04. The firm’s 50 day moving average price is $4.55 and its 200-day moving average price is $6.07.

Cenveo (NYSE:CVO) last announced its quarterly earnings data on Wednesday, February 22nd. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.70. Cenveo had a net margin of 2.94% and a negative return on equity of 1.83%. The company had revenue of $417.20 million for the quarter, compared to analysts’ expectations of $440.66 million. On average, analysts predict that Cenveo, Inc. will post $1.07 earnings per share for the current year.

Insider Buying and Selling by Quarter for Cenveo (NYSE:CVO)

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Separately, TheStreet lowered Cenveo from a “c-” rating to a “d+” rating in a report on Tuesday.

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.

5 Day Chart for NYSE:CVO

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