As Cpi Aerostructures (CVU) Valuation Rose, Holder Ariel Investments Has Increased Its Holding; First Heartland Consultants Has Cut Its Stake in Spectra Energy Partners LP (SEP) as Shares Declined

August 9, 2018 - By Ronnie Lemelle

Spectra Energy Partners, LP (NYSE:SEP) Logo

Ariel Investments Llc increased its stake in Cpi Aerostructures Inc. (CVU) by 9.11% based on its latest 2018Q1 regulatory filing with the SEC. Ariel Investments Llc bought 58,160 shares as the company’s stock rose 25.15% while stock markets declined. The hedge fund held 696,703 shares of the capital goods company at the end of 2018Q1, valued at $6.79 million, up from 638,543 at the end of the previous reported quarter. Ariel Investments Llc who had been investing in Cpi Aerostructures Inc. for a number of months, seems to be bullish on the $71.96 million market cap company. The stock decreased 0.62% or $0.05 during the last trading session, reaching $8.05. About 66,589 shares traded or Infinity% up from the average. CPI Aerostructures, Inc. (NYSEMKT:CVU) has risen 35.71% since August 9, 2017 and is uptrending. It has outperformed by 23.14% the S&P500. Some Historical CVU News: 15/05/2018 – CPI AEROSTRUCTURES – DECREASE IN F-16 PROGRAM REV IS TIMING ISSUE & EXPECT REV FROM PROGRAM TO GROW IN FISCAL 2018; 22/03/2018 – CPI Aerostructures 4Q Rev $23.8M; 16/05/2018 – CPI Aerostructures Has to Date Received Five Orders Totaling $18.1 M Under Potential $49 M Contract; 15/05/2018 – CPI Aerostructures 1Q EPS 14c; 22/03/2018 – CPI AEROSTRUCTURES INC CVU.A SEES FY 2018 REVENUE $92 MLN TO $96 MLN; 22/03/2018 – CPI AEROSTRUCTURES INC – DEAL FOR $9.0 MLN IN CASH; 22/03/2018 – CPI AEROSTRUCTURES INC – YEAR-END BACKLOG OF $301.3 MLN; 17/05/2018 – CPI Aerostructures to Participate at the 19th Annual B. Riley FBR Investor Conference; 22/03/2018 – CPI Aerostructures Sees FY18 Rev $92.0M-$96.0M; 23/04/2018 – DJ CPI Aerostructures Inc, Inst Holders, 1Q 2018 (CVU)

First Heartland Consultants Inc decreased its stake in Spectra Energy Partners Lp (SEP) by 67.48% based on its latest 2018Q1 regulatory filing with the SEC. First Heartland Consultants Inc sold 25,780 shares as the company’s stock declined 23.22% with the market. The institutional investor held 12,425 shares of the public utilities company at the end of 2018Q1, valued at $418,000, down from 38,205 at the end of the previous reported quarter. First Heartland Consultants Inc who had been investing in Spectra Energy Partners Lp for a number of months, seems to be less bullish one the $18.47B market cap company. The stock increased 0.82% or $0.31 during the last trading session, reaching $38.1. About 740,273 shares traded. Spectra Energy Partners, LP (NYSE:SEP) has declined 30.59% since August 9, 2017 and is downtrending. It has underperformed by 43.16% the S&P500. Some Historical SEP News: 16/03/2018 – Spectra Energy Partners Does Not Expect a Material Fincl Impact as a Result of FERC Revised Policy Statements; 07/03/2018 – Enbridge Announces Expiration and Results of Offer by Spectra Energy Cap to Purchase Notes Due in 2032 and 2038; 07/03/2018 – ENBRIDGE ANNOUNCES EXPIRATION AND RESULTS OF OFFER BY SPECTRA ENERGY CAPITAL, LLC TO PURCHASE NOTES DUE IN 2032 AND 2038; 29/03/2018 – Alger Spectra Adds DexCom, Cuts CBS, Buys More Facebook; 30/04/2018 – Alger Spectra Adds Zayo Group, Exits Newell Brands; 09/05/2018 – Spectra Energy Partners 1Q Rev $779M; 09/05/2018 – SPECTRA ENERGY PARTNERS – IF FERC ACTIONS, IMPLEMENTED AS ANNOUNCED, ESTIMATES UNMITIGATED IMPACT TO REVENUE TO BE ABOUT $110 – $125 MLN PER YEAR; 09/05/2018 – SPECTRA ENERGY PARTNERS – DECLARED A QUARTERLY CASH DISTRIBUTION TO UNITHOLDERS OF $0.75125 PER UNIT, AN INCREASE OF 1.25 CENTS OVER PREVIOUS LEVEL; 19/04/2018 – FDA: New/Generic Drug Approvals – SPECTRA MDCL DEVICES – Abbreviated New Drug Application (ANDA): 208017 April 18, 2018; 16/03/2018 – Spectra Energy Partners: 40% of Gas Pipeline Rev Is Derived From Cost of Service Based Tariffs Which Could Be Subject to Tax Recovery Disallowance

Ariel Investments Llc, which manages about $8.99B and $8.76B US Long portfolio, decreased its stake in Vical Inc. by 335,585 shares to 302,328 shares, valued at $438,000 in 2018Q1, according to the filing. It also reduced its holding in U.S. Bancorp (NYSE:USB) by 10,444 shares in the quarter, leaving it with 377,304 shares, and cut its stake in Nordstrom Inc. (NYSE:JWN).

Investors sentiment increased to 2.09 in Q1 2018. Its up 1.16, from 0.93 in 2017Q4. It is positive, as 3 investors sold CVU shares while 8 reduced holdings. 7 funds opened positions while 16 raised stakes. 4.77 million shares or 2.42% more from 4.66 million shares in 2017Q4 were reported. Heartland Advsrs Inc holds 0.42% or 644,600 shares. Perritt Cap Inc reported 510,341 shares. Reilly Fin Ltd holds 0% of its portfolio in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) for 64 shares. Dimensional Fund Advsrs Ltd Partnership accumulated 508,756 shares. Ancora Advsrs Limited Co holds 0.02% or 52,412 shares. Ariel Limited Liability Company owns 0.08% invested in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) for 696,703 shares. Us Savings Bank De invested 0% in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU). Prudential Fincl has 12,400 shares. Ironwood Invest Ltd Liability Corp owns 64,019 shares for 0.46% of their portfolio. Jpmorgan Chase And Company has invested 0% of its portfolio in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU). Royal National Bank Of Canada holds 0% in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) or 4,724 shares. Kennedy Cap Mgmt Incorporated has 0.03% invested in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) for 144,060 shares. The Pennsylvania-based Brandywine Global Invest Ltd Llc has invested 0% in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU). Penn Cap Management holds 0.19% or 253,588 shares in its portfolio. Savings Bank Of Ny Mellon has 0% invested in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) for 11,685 shares.

Analysts await Spectra Energy Partners, LP (NYSE:SEP) to report earnings on November, 7. They expect $0.79 EPS, down 43.97% or $0.62 from last year’s $1.41 per share. SEP’s profit will be $383.06 million for 12.06 P/E if the $0.79 EPS becomes a reality. After $0.79 actual EPS reported by Spectra Energy Partners, LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More important recent Spectra Energy Partners, LP (NYSE:SEP) news were published by: Seekingalpha.com which released: “US LNG Exports Part 2: How Do LNG Exports Benefit Midstream?” on July 18, 2018, also Fool.com published article titled: “Spectra Energy Partners’ Quiet Quarter Says a Lot About the Pending Enbridge Merger”, Nasdaq.com published: “These MLPs Are on Fire Today” on July 19, 2018. More interesting news about Spectra Energy Partners, LP (NYSE:SEP) was released by: Fool.com and their article: “Better Buy: Enbridge Energy Partners LP vs. Spectra Energy Partners LP” with publication date: July 25, 2018.

First Heartland Consultants Inc, which manages about $867.76M and $333.83M US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 17,764 shares to 35,736 shares, valued at $9.40M in 2018Q1, according to the filing. It also increased its holding in Powershares Qqq Tr (QQQ) by 10,810 shares in the quarter, for a total of 52,206 shares, and has risen its stake in Powershares Etf Trust (PPA).

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) Institutional Positions Chart

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